OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2015

OTHER INTANGIBLE ASSETS

Schedule of intangible assets and liabilities and related accumulated amortization and accretion

	Assets															Liabilities
March 31, 2015	Acquired Above-Market Leases			Acquired In-Place Leases			Tax Abatement			Franchise Affiliation Fee			Acquired Below-Market Ground Lease			Acquired Below-Market Leases
	(in thousands)
Gross balance	$	1,936		$	22,660		$	4,273		$	3,936		$	11,685		$	(20,312	)
Accumulated amortization		(1,652	)		(16,979	)		(1,909	)		(3,080	)		(1,317	)		12,310
	$	284		$	5,681		$	2,364		$	856		$	10,368		$	(8,002	)
Average useful life (in years)		7			8			8			10			84			8

	Assets															Liabilities
December 31, 2014	Acquired Above-Market Leases			Acquired In-Place Leases			Tax Abatement			Franchise Affiliation Fee			Acquired Below-Market Ground Lease			Acquired Below-Market Leases
	(in thousands)
Gross balance	$	2,402		$	22,680		$	4,273		$	3,936		$	11,685		$	(20,333	)
Accumulated amortization		(2,039	)		(16,470	)		(1,771	)		(2,981	)		(1,282	)		11,676
	$	363		$	6,210		$	2,502		$	955		$	10,403		$	(8,657	)
Average useful life (in years)		7			8			8			10			84			8

Schedule of future amortization and accretion of acquisition related intangible assets and liabilities

	Assets										Liabilities
Years Ending December 31,	Acquired Above-Market Leases		Acquired In-Place Leases		Tax Abatement		Franchise Affiliation Fee		Acquired Below-Market Ground Lease		Acquired Below-Market Leases
	(in thousands)
2015 (Nine months ending December 31, 2015)	$	162	$	1,312	$	413	$	295	$	105	$	(1,914	)
2016		88		1,346		551		394		140		(2,502	)
2017		26		915		551		167		140		(2,399	)
2018		8		666		551		—		140		(963	)
2019		—		488		298		—		140		(224	)
Thereafter		—		954		—		—		9,703		—
	$	284	$	5,681	$	2,364	$	856	$	10,368	$	(8,002	)