Investment in Hotel, Net

9 Months Ended

Mar. 31, 2020

Investments [Abstract]

Investment in Hotel, Net

NOTE 3 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated			Net Book
March 31, 2020	Cost		Depreciation			Value
Land	$	1,896,000	$	-		$	1,896,000
Finance lease ROU assets		1,746,000		(213,000	)		1,533,000
Furniture and equipment		30,472,000		(27,358,000	)		3,114,000
Building and improvements		59,467,000		(30,163,000	)		29,304,000
Investment in Hotel, net	$	93,581,000	$	(57,734,000	)	$	35,847,000

			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