Investment in Hotel, Net

3 Months Ended

Sep. 30, 2019

Investments [Abstract]

Investment in Hotel, Net

NOTE 3 – INVESTMENT IN HOTEL, NET

Investment in hotel consisted of the following as of:

			Accumulated			Net Book
September 30, 2019	Cost		Depreciation			Value
Land	$	1,896,000	$	-		$	1,896,000
Finance lease ROU assets		521,000		(61,000	)		460,000
Furniture and equipment		31,209,000		(27,040,000	)		4,169,000
Building and improvements		59,341,000		(29,475,000	)		29,866,000
Investment in Hotel, net	$	92,967,000	$	(56,576,000	)	$	36,391,000

			Accumulated			Net Book
June 30, 2019	Cost		Depreciation			Value
Land	$	1,896,000	$	-		$	1,896,000
Finance lease ROU assets		521,000		(35,000	)		486,000
Furniture and equipment		30,585,000		(26,841,000	)		3,744,000
Building and improvements		59,341,000		(29,131,000	)		30,210,000
Investment in Hotel, net	$	92,343,000	$	(56,007,000	)	$	36,336,000