INVESTMENT IN HOTEL, NET (Tables)

3 Months Ended

Sep. 30, 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
September 30, 2016	Cost		Depreciation		Value
Land	$	1,896,000	$	-	$	1,896,000
Furniture and equipment		29,070,000		(23,445,000)		5,625,000
Building and improvements		58,388,000		(25,349,000)		33,039,000
	$	89,354,000	$	(48,794,000)	$	40,560,000

			Accumulated		Net Book
June 30, 2016	Cost		Depreciation		Value
Land	$	1,896,000	$	-	$	1,896,000
Furniture and equipment		28,857,000		(23,097,000)		5,760,000
Building and improvements		58,370,000		(25,008,000)		33,362,000
	$	89,123,000	$	(48,105,000)	$	41,018,000