COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Current minimum annual payments under the leases

Current minimum annual payments under the leases are as follows, as of March 31, 2014 (in thousands):

Year Ending December 31,
2014 (nine months ending December 31, 2014)	$	1,935
2015	2,636
2016	1,709
2017	736		(1)
2018	740
Thereafter	2,221
Total	$	9,977

(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.