Investment in Hotel, Net

6 Months Ended

Dec. 31, 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
December 31, 2020	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(448,000	)		1,357,000
Furniture and equipment		30,282,000		(27,754,000	)		2,528,000
Building and improvements		64,584,000		(33,237,000	)		31,347,000
Investment in Hotel, net	$	99,409,000	$	(61,439,000	)	$	37,970,000

			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