Segment Information (Tables)

12 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Loss from investments consists of net investment loss, dividend and interest income and investment related expenses.

As of and for the year	Hotel			Real Estate			Investment
ended June 30, 2020	Operations			Operations			Transactions			Other			Total
Revenues	$	42,839,000		$	15,178,000		$	-		$	-		$	58,017,000
Segment operating expenses		(37,333,000	)		(8,051,000	)		-			(2,870,000	)		(48,254,000	)
Segment income (loss) from operations		5,506,000			7,127,000			-			(2,870,000	)		9,763,000
Interest expense - mortgage		(6,885,000	)		(2,436,000	)		-			-			(9,321,000	)
Loss on debt extinguishment		-			(687,000	)		-			-			(687,000	)
Depreciation and amortization expense		(2,389,000	)		(2,483,000	)		-			-			(4,872,000	)
Loss from investments		-			-			(2,766,000	)		-			(2,766,000	)
Income tax benefit		-			-			-			2,794,000			2,794,000
Net income (loss)	$	(3,768,000	)	$	1,521,000		$	(2,766,000	)	$	(76,000	)	$	(5,089,000	)
Total assets	$	56,004,000		$	50,338,000		$	6,456,000		$	17,419,000		$	130,217,000

As of and for the year	Hotel			Real Estate			Investment
ended June 30, 2019	Operations			Operations			Transactions			Other			Total
Revenues	$	59,881,000		$	14,872,000		$	-		$	-		$	74,753,000
Segment operating expenses		(44,466,000	)		(7,810,000	)		-			(2,346,000	)		(54,622,000	)
Segment income (loss) from operations		15,415,000			7,062,000			-			(2,346,000	)		20,131,000
Interest expense - mortgage		(7,234,000	)		(2,554,000	)		-			-			(9,788,000	)
Loss on disposal of assets		(398,000	)		-			-			-			(398,000	)
Depreciation and amortization expense		(2,506,000	)		(2,429,000	)		-			-			(4,935,000	)
Loss from investments		-			-			(2,497,000	)		-			(2,497,000	)
Income tax benefit		-			-			-			301,000			301,000
Net income (loss)	$	5,277,000		$	2,079,000		$	(2,497,000	)	$	(2,045,000	)	$	2,814,000
Total assets	$	62,148,000		$	51,773,000		$	10,308,000		$	6,650,000		$	130,879,000