INVESTMENT IN HOTEL, NET

9 Months Ended

Mar. 31, 2017

Real Estate [Abstract]

Real Estate Disclosure [Text Block]

NOTE 2 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated		Net Book
March 31, 2017	Cost		Depreciation		Value
Land	$	1,896,000	$	-	$	1,896,000
Furniture and equipment		27,674,000		(24,212,000)		3,462,000
Building and improvements		59,771,000		(26,040,000)		33,731,000
	$	89,341,000	$	(50,252,000)	$	39,089,000

			Accumulated		Net Book
June 30, 2016	Cost		Depreciation		Value
Land	$	1,896,000	$	-	$	1,896,000
Furniture and equipment		28,857,000		(23,097,000)		5,760,000
Building and improvements		58,370,000		(25,008,000)		33,362,000
	$	89,123,000	$	(48,105,000)	$	41,018,000