SEGMENT INFORMATION (Tables)

3 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

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

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

As of and for the three months	Hotel		Real Estate		Investment
ended September 30, 2014	Operations		Operations		Transactions		Other		Total
Revenues	$	14,830,000	$	166,000	$	-	$	-	$	14,996,000
Segment operating expenses		(11,838,000)		(60,000)		-		(276,000)		(12,174,000)
Segment income (loss)		2,992,000		106,000		-		(276,000)		2,822,000
Interest expense		(2,024,000)		(25,000)		-		-		(2,049,000)
Depreciation and amortization expense		(666,000)		(15,000)		-		-		(681,000)
Income from investments		-		-		(852,000)		-		(852,000)
Income tax benefit		-		-		-		182,000		182,000
Net income (loss)	$	302,000	$	66,000	$	(852,000)	$	(94,000)	$	(578,000)
Total assets	$	38,504,000	$	4,965,000	$	12,170,000	$	37,547,000	$	93,186,000

As of and for the three months	Hotel		Real Estate		Investment
ended September 30, 2013	Operations		Operations		Transactions		Other		Total
Revenues	$	13,305,000	$	147,000	$	-	$	-	$	13,452,000
Segment operating expenses		(9,532,000)		(143,000)		-		(245,000)		(9,920,000)
Segment income (loss)		3,773,000		4,000		-		(245,000)		3,532,000
Interest expense		(635,000)		(26,000)		-		-		(661,000)
Depreciation and amortization expense		(624,000)		(16,000)		-		-		(640,000)
Income from investments		-		-		8,000		-		8,000
Income tax expense		-		-		-		(471,000)		(471,000)
Net income (loss)	$	2,514,000	$	(38,000)	$	8,000	$	(716,000)	$	1,768,000
Total assets	$	37,491,000	$	5,027,000	$	13,887,000	$	8,867,000	$	65,272,000