OTHER ASSETS, NET (Tables)

12 Months Ended

Jun. 30, 2014

Other Assets [Abstract]

Schedule of Other Assets [Table Text Block]

Other assets consist of the following as of June 30:

	2014		2013
Inventory - hotel	$	653,000	$	918,000
Prepaid expenses		1,120,000		581,000
Occupancy tax deposit		1,061,000		-
Note receivable - related party		634,000		644,000
Miscellaneous assets, net		1,390,000		961,000
Total other assets	$	4,858,000	$	3,104,000