Investment in Hotel, Net

12 Months Ended

Jun. 30, 2020

Investments, All Other Investments [Abstract]

Investment in Hotel, Net

NOTE 4 – INVESTMENT IN HOTEL, NET

Investment in Hotel consisted of the following as of:

			Accumulated			Net Book
June 30, 2020	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,775,000		(291,000	)		1,484,000
Furniture and equipment		30,528,000		(27,498,000	)		3,030,000
Building and improvements		64,005,000		(32,488,000	)		31,517,000
Investment in Hotel, net	$	99,046,000	$	(60,277,000	)	$	38,769,000

			Accumulated			Net Book
June 30, 2019	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		521,000		(35,000	)		486,000
Furniture and equipment		30,585,000		(26,842,000	)		3,743,000
Building and improvements		63,879,000		(31,010,000	)		32,869,000
Investment in Hotel, net	$	97,723,000	$	(57,887,000	)	$	39,836,000