Taxes, Insurance and Lease Expense

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



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Hotel lease expense^(a)	$	5,537	$	11,849	$	29,224	$	33,572
Land lease expense^(b)	3,670		3,313		9,292		8,478
Real estate and other taxes	7,712		8,496		23,845		23,728
Property insurance, general liability insurance and other	2,212		2,178		7,395		7,075
Total taxes, insurance and lease expense	$	19,131	$	25,836	$	69,756	$	72,853

(a)

Hotel lease expense is recorded by the consolidated operating lessees of 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 $3.3 million and $6.4 million for the three months ended September 30, 2014 and 2013, respectively, and $16.0 million and $17.2 million for the nine months ended September 30, 2014 and 2013, respectively.


(b)	Land lease expense includes percentage rent of $2.2 million and $1.9 million for the three months ended September 30, 2014 and 2013, respectively, and $4.9 million and $4.2 million for the nine months ended September 30, 2014 and 2013, respectively.