CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
REVENUES
Real estate rentals and related revenue	$ 475,188	$ 463,352
Food & beverage sales	1,745,992	1,688,016
Marina revenues	412,371	412,899
Spa revenues	121,023	112,119
Total revenues	2,754,574	2,676,386
Operating expenses:
Rental and other properties	115,219	182,003
Food and beverage cost of sales	519,454	473,688
Food and beverage labor and related costs	366,054	345,502
Food and beverage other operating costs	521,178	537,860
Marina expenses	213,288	218,781
Spa expenses	124,530	102,820
Depreciation and amortization	223,491	381,294
Adviser’s base fee	255,000	255,000
General and administrative	90,779	94,043
Professional fees and expenses	45,672	87,126
Directors’ fees and expenses	24,750	24,000
Total operating expenses	2,499,415	2,702,117
Interest expense	220,501	252,189
Total expenses	2,719,916	2,954,306
Income (loss) before other income (loss) and income taxes	34,658	(277,920)
Net realized and unrealized gains from investments in marketable securities	92,142	62,478
Net income from other investments	47,548	9,334
Realized loss on interest rate swap agreement		(198,400)
Other than temporary impairment losses from other investments	(27,666)
Interest, dividend and other income	34,227	95,887
Total other income (loss)	146,251	(30,701)
Income (loss) before income taxes	180,909	(308,621)
(Benefit from) provision for income taxes	(4,000)	9,000
Net income (loss)	184,909	(317,621)
Less: Net (income) loss attributable to noncontrolling interest in consolidated entities	(116,288)	111,009
Net income (loss) attributable to the Company	68,621	(206,612)
Other comprehensive income:
Unrealized gain on interest rate swap agreement	69,000	130,500
Total other comprehensive income	69,000	130,500
Comprehensive income (loss)	137,621	(76,112)
Basic and diluted (in Dollars per share)	$ 0.07	$ (0.20)
Weighted average common shares outstanding-Basic and diluted	$ 1,010,426	$ 1,010,426