COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Current minimum annual payments under the leases

Current minimum annual payments under the leases are as follows, as of June 30, 2013 (in thousands):

Year Ending December 31,
2013 (six months ending December 31, 2013)	$	1,264
2014	2,569
2015	2,636
2016	1,709
2017	736		(1)
Thereafter	2,961
Total	$	11,875

(1) Lease payments on the Waikiki Beach Walk lease will be equal to fair rental value from March 2017 through the end of the lease term. In the table, we have shown the lease payments for this period based on the stated rate for the month of February 2017 of $61,690.