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INVESTMENT IN HOTEL, NET (Tables)
12 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]
Investment in Hotel consisted of the following as of:
 
 
 
 
 
Accumulated
 
Net Book
 
June 30, 2015
 
Cost
 
Depreciation
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
Land
 
$
1,124,000
 
$
-
 
$
1,124,000
 
Furniture and equipment
 
 
25,958,000
 
 
(21,605,000)
 
 
4,353,000
 
Building and improvements
 
 
53,641,000
 
 
(22,551,000)
 
 
31,090,000
 
 
 
$
80,723,000
 
$
(44,156,000)
 
$
36,567,000
 
 
 
 
 
 
Accumulated
 
Net Book
 
June 30, 2014
 
Cost
 
Depreciation
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
Land
 
$
1,124,000
 
$
-
 
$
1,124,000
 
Furniture and equipment
 
 
23,306,000
 
 
(20,074,000)
 
 
3,232,000
 
Building and improvements
 
 
51,428,000
 
 
(21,368,000)
 
 
30,060,000
 
 
 
$
75,858,000
 
$
(41,442,000)
 
$
34,416,000