INVESTMENT IN HOTEL, NET

6 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 2 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated			Net Book
December 31, 2015	Cost		Depreciation			Value
Land	$	1,124,000	$	-		$	1,124,000
Furniture and equipment		26,704,000		(22,346,000	)		4,358,000
Building and improvements		55,527,000		(23,089,000	)		32,438,000
	$	83,355,000	$	(45,435,000	)	$	37,920,000

			Accumulated			Net Book
June 30, 2015	Cost		Depreciation			Value
Land	$	1,124,000	$	-		$	1,124,000
Furniture and equipment		25,958,000		(21,605,000	)		4,353,000
Building and improvements		53,641,000		(22,551,000	)		31,090,000
	$	80,723,000	$	(44,156,000	)	$	36,567,000