INVESTMENT IN HOTEL, NET

12 Months Ended

Jun. 30, 2022

Investment In Hotel Net

INVESTMENT IN HOTEL, NET

NOTE 4 – INVESTMENT IN HOTEL, NET

Investment in Hotel consisted of the following as of:

			Accumulated			Net Book
June 30, 2022	Cost		Depreciation			Value
Land	$	2,738,000	$	-		$	2,738,000
Finance lease ROU assets		1,805,000		(922,000	)		883,000
Furniture and equipment		32,860,000		(28,567,000	)		4,293,000
Building and improvements		64,665,000		(35,312,000	)		29,353,000
Investment in Hotel, net	$	102,068,000	$	(64,801,000	)	$	37,267,000

			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