INVESTMENT IN HOTEL, NET (Tables)

9 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Schedule of Real Estate Properties [Table Text Block]

Investment in hotel consisted of the following as of:

			Accumulated		Net Book
March 31, 2016	Cost		Depreciation		Value
Land	$	1,896,000	$	-	$	1,896,000
Furniture and equipment		26,778,000		(22,729,000)		4,049,000
Building and improvements		59,821,000		(24,716,000)		35,105,000
	$	88,495,000	$	(47,445,000)	$	41,050,000

			Accumulated		Net Book
June 30, 2015	Cost		Depreciation		Value
Land	$	1,896,000	$	-	$	1,896,000
Furniture and equipment		25,958,000		(21,605,000)		4,353,000
Building and improvements		57,494,000		(23,805,000)		33,689,000
	$	85,348,000	$	(45,410,000)	$	39,938,000