XML 133 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Leases (Tables)
12 Months Ended
Dec. 31, 2011
Other Revenue and Other Property-Level Expenses

The chart below details the other revenue and other property-level expenses related to the HPT properties (in millions):

 

     Year ended December 31,  
     2011      2010  

Hotel sales revenue

   $ 214       $ 123   

Rental revenue

     7         44   
  

 

 

    

 

 

 

Total HPT revenue

   $ 221       $ 167   
  

 

 

    

 

 

 

Property-level expenses

   $ 159       $ 96   

Rental expense

     68         84   
  

 

 

    

 

 

 

Total HPT expenses

   $ 227       $ 180   
  

 

 

    

 

 

 
Future Minimum Annual Rental Commitments Required Under Non-Cancelable Leases

The following table presents the future minimum annual rental commitments required under non-cancelable leases for which we are the lessee (in millions):

 

     As of December 31, 2011  
      Capital
Leases
     Operating
Leases
 

2012

   $ 1       $ 113   

2013

     1         45   

2014

     —           43   

2015

     —           41   

2016

     —           39   

Thereafter

     —           1,379   

Total minimum lease payments

   $ 2       $ 1,660
Rent Expense

Rent expense is included in the other property-level expenses line item and consists of (in millions):

 

     Year ended December 31,  
     2011      2010      2009  

Minimum rentals on operating leases

   $ 114       $ 128       $ 122   

Additional rentals based on sales

     26         19         23   

Rental payments based on real estate tax assessments

     22         21         19   

Less: sublease rentals

     (3)         (44)         (83)   
   $ 159       $ 124       $ 81