INVESTMENT IN HOTEL, NET

3 Months Ended

Sep. 30, 2018

Real Estate [Abstract]

Real Estate Disclosure [Text Block]

NOTE 3 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated			Net Book
September 30, 2018	Cost		Depreciation			Value
Land	$	1,896,000	$	-		$	1,896,000
Furniture and equipment		29,632,000		(26,147,000	)		3,485,000
Building and improvements		59,798,000		(28,155,000	)		31,643,000
	$	91,326,000	$	(54,302,000	)	$	37,024,000

			Accumulated			Net Book
June 30, 2018	Cost		Depreciation			Value
Land	$	1,896,000	$	-		$	1,896,000
Furniture and equipment		29,350,000		(25,877,000	)		3,473,000
Building and improvements		59,798,000		(27,808,000	)		31,990,000
	$	91,044,000	$	(53,685,000	)	$	37,359,000