Investment in Hotel, Net

12 Months Ended

Jun. 30, 2021

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, 2021	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(606,000	)		1,199,000
Furniture and equipment		31,014,000		(27,957,000	)		3,057,000
Building and improvements		64,585,000		(33,928,000	)		30,657,000
Investment in Hotel, net	$	100,142,000	$	(62,491,000	)	$	37,651,000

				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