Taxes, Insurance and Lease Expense

3 Months Ended

Mar. 31, 2016

Taxes, Insurance and Lease Expenses [Abstract]

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



	Three Months Ended
	March 31,
	2016		2015
Hotel lease expense^(a)	$	802	$	2,104
Land lease expense^(b)	3,262		3,059
Real estate and other taxes	7,575		7,691
Property insurance, general liability insurance and other	1,943		1,953
Total taxes, insurance and lease expense	$	13,582	$	14,807

(a)

We record hotel lease expense for the consolidated operating lessees of hotels owned by unconsolidated entities and partially offset this expense through noncontrolling interests in other partnerships (generally 49%). We record our 50% share of the corresponding lease income through equity in income from unconsolidated entities. Hotel lease expense includes percentage rent of $936,000 for the three months ended March 31, 2015.


(b)	We include in land lease expense percentage rent of $1.6 million and $1.5 million for the three months ended March 31, 2016 and 2015, respectively.