SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2013
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 12. SUBSEQUENT EVENTS On July 26, 2013 ARL and various parties entered into a settlement agreement with Far East National Bank (“FENB”) related to a deficiency claim on three hotels in Fresno, California that were foreclosed upon by FENB in July, 2011. In the settlement agreement, ARL is required to pay FENB $3.7 million to resolve and settle in full and without exception the dispute filed against them. The settlement agreement calls for thirty-seven equal monthly payments of $100,000. The settlement amount is secured by an accommodation pledge of shares of Series A cumulative convertible preferred stock in ARL with a liquidation value of $10.0 million, owned by Realty Advisors, Inc., the owner of more than a majority of the common stock of ARL. ARL has also agreed to indemnify Realty Advisors, Inc. for any loss it may incur as a result of the accommodation pledge of the preferred stock.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2013

NOTE 12. SUBSEQUENT EVENTS

On July 26, 2013 ARL and various parties entered into a settlement agreement with Far East National Bank (“FENB”) related to a deficiency claim on three hotels in Fresno, California that were foreclosed upon by FENB in July, 2011. In the settlement agreement, ARL is required to pay FENB $3.7 million to resolve and settle in full and without exception the dispute filed against them. The settlement agreement calls for thirty-seven equal monthly payments of $100,000. The settlement amount is secured by an accommodation pledge of shares of Series A cumulative convertible preferred stock in ARL with a liquidation value of $10.0 million, owned by Realty Advisors, Inc., the owner of more than a majority of the common stock of ARL. ARL has also agreed to indemnify Realty Advisors, Inc. for any loss it may incur as a result of the accommodation pledge of the preferred stock.