SEGMENT INFORMATION (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]
Revenues	$ 51,596,000	$ 47,121,000
Segment operating expenses	(50,100,000)	(39,823,000)
Segment income (loss)	1,496,000	7,298,000
Interest expense - mortgage	(5,062,000)	(2,720,000)
Interest expense - occupancy tax	(328,000)	0
Loss on extinguishment of debt	(3,910,000)	0
Loss on disposal of assets	(1,092,000)	0
Depreciation and amortization expense	(2,534,000)	(2,417,000)
Income (Loss) from investments	403,000	(865,000)
Income tax expense (benefit)	4,000,000	(130,000)
Net income (loss)	(7,027,000)	1,166,000
Total assets	88,319,000	64,733,000
Hotel [Member]
Segment Reporting Information [Line Items]
Revenues	50,963,000	46,565,000
Segment operating expenses	(48,764,000)	(38,635,000)
Segment income (loss)	2,199,000	7,930,000
Interest expense - mortgage	(4,960,000)	(2,612,000)
Interest expense - occupancy tax	(328,000)
Loss on extinguishment of debt	(3,910,000)
Loss on disposal of assets	(1,092,000)
Depreciation and amortization expense	(2,472,000)	(2,354,000)
Income (Loss) from investments	0	0
Income tax expense (benefit)	0	0
Net income (loss)	(10,563,000)	2,964,000
Total assets	37,883,000	37,611,000
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Revenues	633,000	556,000
Segment operating expenses	(382,000)	(242,000)
Segment income (loss)	251,000	314,000
Interest expense - mortgage	(102,000)	(108,000)
Interest expense - occupancy tax	0
Loss on extinguishment of debt	0
Loss on disposal of assets	0
Depreciation and amortization expense	(62,000)	(63,000)
Income (Loss) from investments	0
Income tax expense (benefit)	0
Net income (loss)	87,000	143,000
Total assets	4,981,000	5,042,000
Investment Transactions [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Segment operating expenses	0	0
Segment income (loss)	0	0
Interest expense - mortgage	0
Interest expense - occupancy tax	0
Loss on extinguishment of debt	0
Loss on disposal of assets	0
Depreciation and amortization expense	0	0
Income (Loss) from investments	403,000	(865,000)
Income tax expense (benefit)	0	0
Net income (loss)	403,000	(865,000)
Total assets	13,141,000	13,138,000
Other Property [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Segment operating expenses	(954,000)	(946,000)
Segment income (loss)	(954,000)	(946,000)
Interest expense - mortgage	0
Interest expense - occupancy tax	0
Loss on extinguishment of debt	0
Loss on disposal of assets	0
Depreciation and amortization expense	0	0
Income (Loss) from investments	0	0
Income tax expense (benefit)	4,000,000	(130,000)
Net income (loss)	3,046,000	(1,076,000)
Total assets	$ 32,314,000	$ 8,942,000