Taxes, Insurance and Lease Expense (Tables)

3 Months Ended

Mar. 31, 2017

Taxes, Insurance and Lease Expenses [Abstract]

Schedule of Taxes, Insurance and Lease Expense

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

	Three Months Ended
	March 31,
	2017		2016
Hotel lease expense(a)	$	815	$	802
Land lease expense(b)	3,404		3,262
Real estate and other taxes	7,915		7,575
Property insurance, general liability insurance and other	1,768		1,943
Total taxes, insurance and lease expense	$	13,902	$	13,582

(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 (loss) from unconsolidated entities. There was no percentage rent included in hotel lease expense for the three months ended March 31, 2017 and 2016.

(b) We include in land lease expense percentage rent of $1.3 million and $1.1 million for the three months ended March 31, 2017 and 2016, respectively.