INVESTMENT IN HOTEL, NET (Tables)

3 Months Ended

Sep. 30, 2017

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, 2017	Cost		Depreciation		Value
Land	$	1,896,000	$	-	$	1,896,000
Furniture and equipment		27,830,000		(24,987,000)		2,843,000
Building and improvements		59,786,000		(26,765,000)		33,021,000
	$	89,512,000	$	(51,752,000)	$	37,760,000

			Accumulated		Net Book
June 30, 2017	Cost		Depreciation		Value
Land	$	1,896,000	$	-	$	1,896,000
Furniture and equipment		27,681,000		(24,570,000)		3,111,000
Building and improvements		59,771,000		(26,388,000)		33,383,000
	$	89,348,000	$	(50,958,000)	$	38,390,000