Taxes, Insurance and Lease Expense

Taxes, insurance and lease expense from continuing operations were comprised of the following (in thousands):



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Hotel lease expense^(a)	$	12,166	$	11,236	$	21,723	$	20,429
Land lease expense^(b)	2,772		2,800		5,166		5,187
Real estate and other taxes	7,915		7,629		15,742		15,400
Property insurance, general liability insurance and other	2,392		2,758		5,123		4,974
Total taxes, insurance and lease expense	$	25,245	$	24,423	$	47,754	$	45,990

(a)

Hotel lease expense is recorded by the consolidated operating lessees of 12 hotels owned by unconsolidated entities and is partially (generally 49%) offset through noncontrolling interests in other partnerships. Our 50% share of the corresponding lease income is recorded through equity in income from unconsolidated entities. Hotel lease expense includes percentage rent of $6.7 million and $5.8 million for the three months ended June 30, 2013 and 2012, respectively, and $10.8 million and $9.6 million for the six months ended June 30, 2013 and 2012, respectively.


(b)	Land lease expense includes percentage rent of $1.3 million and $1.5 million for the three months ended June 30, 2013 and 2012, respectively, and $2.3 million and $2.4 million for the six months ended June 30, 2013 and 2012, respectively.