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Taxes, Insurance and Lease Expense (Tables)
9 Months Ended
Sep. 30, 2016
Taxes, Insurance and Lease Expenses [Abstract]  
Schedule of 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,
 
2016
 
2015
 
2016
 
2015
Hotel lease expense(a) 
$
1,488

 
$
1,524

 
$
3,648

 
$
5,762

Land lease expense(b) 
3,871

 
3,892

 
10,890

 
10,684

Real estate and other taxes
7,884

 
5,691

 
23,243

 
22,048

Property insurance, general liability insurance and other
1,899

 
1,609

 
5,807

 
5,439

  Total taxes, insurance and lease expense
$
15,142

 
$
12,716

 
$
43,588

 
$
43,933

In the third quarter of 2016, we acquired land previously leased for one of our hotels for $8.0 million.
(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. We include in hotel lease expense percentage rent of $686,000 and $726,000 for the three months ended September 30, 2016 and 2015, respectively, and $1.2 million and $2.8 million for the nine months ended September 30, 2016 and 2015, respectively.
(b)
We include in land lease expense percentage rent of $2.0 million and $1.9 million for the three months ended September 30, 2016 and 2015, respectively, and $4.6 million for the nine months ended September 30, 2016 and 2015.