| SCHEDULE OF INVESTMENT IN HOTEL |
Investment
in Hotel consisted of the following as of March 31, 2026 and June 30, 2025:
SCHEDULE OF INVESTMENT IN HOTEL
| | |
| | |
Accumulated | | |
Net Book | |
| March 31, 2026 | |
Cost | | |
Depreciation | | |
Value | |
| | |
| | |
| | |
| |
| Land | |
$ | 2,738,000 | | |
$ | - | | |
$ | 2,738,000 | |
| Finance lease ROU assets | |
| 1,805,000 | | |
| (1,749,000 | ) | |
| 56,000 | |
| Furniture and equipment | |
| 41,065,000 | | |
| (34,651,000 | ) | |
| 6,414,000 | |
| Building and improvements | |
| 70,445,000 | | |
| (41,128,000 | ) | |
| 29,317,000 | |
| Investment in Hotel, net | |
$ | 116,053,000 | | |
$ | (77,528,000 | ) | |
$ | 38,525,000 | |
| | |
| | |
Accumulated | | |
Net Book | |
| June 30, 2025 | |
Cost | | |
Depreciation | | |
Value | |
| | |
| | |
| | |
| |
| Land | |
$ | 2,738,000 | | |
$ | - | | |
$ | 2,738,000 | |
| Finance lease ROU assets | |
| 1,805,000 | | |
| (1,665,000 | ) | |
| 140,000 | |
| Furniture and equipment | |
| 41,195,000 | | |
| (33,248,000 | ) | |
| 7,947,000 | |
| Building and improvements | |
| 68,527,000 | | |
| (39,833,000 | ) | |
| 28,694,000 | |
| Investment in Hotel, net | |
$ | 114,265,000 | | |
$ | (74,746,000 | ) | |
$ | 39,519,000 | |
|