Land Leases and Hotel Rent

12 Months Ended

Dec. 31, 2011

Land Leases and Hotel Rent [Abstract]

Land Leases and Hotel Rent

We lease land occupied by certain hotels from third parties under various operating leases that expire through 2101. Certain land leases contain contingent rent features based on gross revenue at the respective hotels. In addition, we recognize rent expense for 12 hotels that are owned by unconsolidated entities and are leased to our consolidated lessees. These leases expire in 2012 and require the payment of base rents and contingent rent based on revenues at the respective hotels. Future minimum lease payments under our land lease obligations and hotel leases at December 31, 2011, were as follows (in thousands):



Year
2012	$	27,549
2013	5,753
2014	5,761
2015	5,789
2016	5,777
2017 and thereafter	270,523
	$	321,152

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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