SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Operating income (loss) from investment transactions consist of net investment gain (loss) and dividend and interest income.

As of and for the three months	Hotel			Real Estate			Investment
ended December 31, 2012	Operations			Operations			Transactions			Other			Total
Revenues	$	10,970,000		$	144,000		$	-		$	-		$	11,114,000
Segment operating expenses		(9,398,000	)		(59,000	)		-			(254,000	)		(9,711,000	)
Segment income (loss)		1,572,000			85,000			-			(254,000	)		1,403,000
Interest expense		(660,000	)		(27,000	)		-			-			(687,000	)
Depreciation and amortization expense		(591,000	)		(15,000	)		-			-			(606,000	)
Loss from investments		-			-			(1,027,000	)		-			(1,027,000	)
Income tax benefit		-			-			-			165,000			165,000
Net income (loss)	$	321,000		$	43,000		$	(1,027,000	)	$	(89,000	)	$	(752,000	)
Total assets	$	36,685,000		$	5,074,000		$	12,133,000		$	9,862,000		$	63,754,000

As of and for the three months	Hotel			Real Estate			Investment
ended December 31, 2011	Operations			Operations			Transactions			Other			Total
Revenues	$	10,412,000		$	145,000		$	-		$	-		$	10,557,000
Segment operating expenses		(7,796,000	)		(51,000	)		-			(215,000	)		(8,062,000	)
Segment income (loss)		2,616,000			94,000			-			(215,000	)		2,495,000
Interest expense		(695,000	)		(30,000	)		-			-			(725,000	)
Depreciation and amortization expense		(553,000	)		(16,000	)		-			-			(569,000	)
Loss from investments		-			-			(241,000	)		-			(241,000	)
Income tax expense		-			-			-			(128,000	)		(128,000	)
Net income (loss)	$	1,368,000		$	48,000		$	(241,000	)	$	(343,000	)	$	832,000
Total assets	$	36,525,000		$	5,137,000		$	13,031,000		$	9,896,000		$	64,589,000

As of and for the six months	Hotel			Real Estate			Investment
ended December 31, 2012	Operations			Operations			Transactions			Other			Total
Revenues	$	23,106,000		$	282,000		$	-		$	-		$	23,388,000
Segment operating expenses		(18,562,000	)		(123,000	)		-			(500,000	)		(19,185,000	)
Segment income (loss)		4,544,000			159,000			-			(500,000	)		4,203,000
Interest expense		(1,324,000	)		(57,000	)		-			-			(1,381,000	)
Depreciation and amortization expense		(1,174,000	)		(31,000	)		-			-			(1,205,000	)
Loss from investments		-			-			(477,000	)		-			(477,000	)
Income tax expense		-			-			-			(159,000	)		(159,000	)
Net income (loss)	$	2,046,000		$	71,000		$	(477,000	)	$	(659,000	)	$	981,000
Total assets	$	36,685,000		$	5,074,000		$	12,133,000		$	9,862,000		$	63,754,000

As of and for the six months	Hotel			Real Estate			Investment
ended December 31, 2011	Operations			Operations			Transactions			Other			Total
Revenues	$	21,521,000		$	284,000		$	-		$	-		$	21,805,000
Segment operating expenses		(15,941,000	)		(106,000	)		-			(434,000	)		(16,481,000	)
Segment income (loss)		5,580,000			178,000			-			(434,000	)		5,324,000
Interest expense		(1,383,000	)		(59,000	)		-			-			(1,442,000	)
Depreciation and amortization expense		(1,093,000	)		(32,000	)		-			-			(1,125,000	)
Loss from investments		-			-			(2,813,000	)		-			(2,813,000	)
Income tax benefit		-			-			-			175,000			175,000
Net income (loss)	$	3,104,000		$	87,000		$	(2,813,000	)	$	(259,000	)	$	119,000
Total assets	$	36,525,000		$	5,137,000		$	13,031,000		$	9,896,000		$	64,589,000