CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
REVENUES
Real estate rentals and related revenue	$ 464,209	$ 457,238	$ 927,561	$ 920,860
Food & beverage sales	1,607,675	1,649,699	3,295,691	3,143,611
Marina revenues	402,480	438,698	815,379	870,797
Spa revenues	97,678	106,976	209,797	215,591
Total revenues	2,572,042	2,652,611	5,248,428	5,150,859
Operating expenses:
Rental and other properties	165,994	153,983	347,997	318,246
Food and beverage cost of sales	447,991	436,555	921,679	853,537
Food and beverage labor and related costs	340,129	357,504	685,631	721,161
Food and beverage other operating costs	526,091	536,609	1,063,951	1,011,418
Marina expenses	224,365	244,772	443,146	488,215
Spa expenses	107,078	96,892	209,898	192,027
Depreciation and amortization	236,448	228,819	617,742	510,429
Adviser’s base fee	255,000	255,000	510,000	510,000
General and administrative	78,916	121,573	172,959	217,126
Professional fees and expenses	109,204	113,891	196,330	188,673
Directors’ fees and expenses	21,306	23,762	45,306	52,975
Total operating expenses	2,512,522	2,569,360	5,214,639	5,063,807
Interest expense	218,461	271,782	470,650	531,704
Total expenses	2,730,983	2,841,142	5,685,289	5,595,511
Loss before other income and income taxes	(158,941)	(188,531)	(436,861)	(444,652)
Net realized and unrealized (losses) gains from investments in marketable securities	(30,978)	(156,303)	31,980	(28,823)
Net income from other investments	35,978	19,910	45,312	218,186
Realized loss on interest rate swap agreement			(198,400)
Other than temporary impairment losses from other investments	(86,707)	(50,000)	(86,707)	(50,000)
Interest, dividend and other income	30,135	59,900	126,022	177,981
Total other (loss) income	(51,572)	(126,493)	(81,793)	317,344
Loss before income taxes	(210,513)	(315,024)	(518,654)	(127,308)
Benefit from income taxes	(59,000)	(90,000)	(50,000)	(18,000)
Net loss	(151,513)	(225,024)	(468,654)	(109,308)
Less: Net (income) loss attributable to noncontrolling interest in consolidated entities	(30,529)	(62,403)	80,481	(81,395)
Net loss attributable to the Company	(182,042)	(287,427)	(388,173)	(190,703)
Other comprehensive income (loss):
Unrealized (loss) gain on interest rate swap agreement	(89,500)	(217,000)	41,000	(271,000)
Total other comprehensive (loss) income	(89,500)	(217,000)	41,000	(271,000)
Comprehensive loss	(271,542)	(504,427)	(347,173)	(461,703)
Basic and diluted (in Dollars per share)	$ (0.18)	$ (0.28)	$ (0.38)	$ (0.19)
Weighted average common shares outstanding-Basic and diluted	$ 1,010,426	$ 1,021,383	$ 1,010,426	$ 1,021,383