| SCHEDULE OF INVESTMENT IN HOTEL |
Investment
in Hotel, net, consisted of the following:
SCHEDULE OF INVESTMENT IN HOTEL
| | |
| | |
Accumulated | | |
| |
| June 30, 2026 | |
Cost | | |
Depreciation
and Amortization | | |
Net
Book Value | |
| | |
| | |
| | |
| |
| Land | |
$ | 2,738,000 | | |
$ | - | | |
$ | 2,738,000 | |
| Finance lease right-of-use assets | |
| 1,805,000 | | |
| (1,777,000 | ) | |
| 28,000 | |
| Furniture and equipment | |
| 41,431,000 | | |
| (35,142,000 | ) | |
| 6,289,000 | |
| Building and improvements | |
| 70,490,000 | | |
| (41,568,000 | ) | |
| 28,922,000 | |
| Investment in Hotel, net | |
$ | 116,464,000 | | |
$ | (78,487,000 | ) | |
$ | 37,977,000 | |
| | |
| | |
Accumulated | | |
| |
| June 30, 2025 | |
Cost | | |
Depreciation
and Amortization | | |
Net
Book Value | |
| | |
| | |
| | |
| |
| Land | |
$ | 2,738,000 | | |
$ | - | | |
$ | 2,738,000 | |
| Finance lease right-of-use 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 | |
|