Investment in Hotel, Net

6 Months Ended

Dec. 31, 2019

Investments [Abstract]

Investment in Hotel, Net

NOTE 3 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated			Net Book
December 31, 2019	Cost		Depreciation			Value
Land	$	1,896,000	$	-		$	1,896,000
Finance lease ROU assets		1,746,000		(137,000	)		1,609,000
Furniture and equipment		30,268,000		(27,206,000	)		3,062,000
Building and improvements		59,341,000		(29,818,000	)		29,523,000
Investment in Hotel, net	$	93,251,000	$	(57,161,000	)	$	36,090,000

			Accumulated			Net Book
June 30, 2019	Cost		Depreciation			Value
Land	$	1,896,000	$	-		$	1,896,000
Finance lease ROU assets		521,000		(35,000	)		486,000
Furniture and equipment		30,585,000		(26,841,000	)		3,744,000
Building and improvements		59,341,000		(29,131,000	)		30,210,000
Investment in Hotel, net	$	92,343,000	$	(56,007,000	)	$	36,336,000