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Taxes, Insurance, and Lease Expense
6 Months Ended
Jun. 30, 2011
Taxes, Insurance and Lease Expense [Abstract]  
Taxes, Insurance, and Lease Expense [Text Block]
Taxes, Insurance and Lease Expense


Taxes, insurance and lease expense from continuing operations were comprised of the following (in thousands):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2011
 
2010
 
2011
 
2010
Hotel lease expense(a) 
$
10,497


 
$
10,015


 
$
18,801


 
$
17,773


Land lease expense(b) 
2,725


 
2,550


 
4,960


 
4,704


Real estate and other taxes
8,047


 
8,387


 
14,946


 
16,777


Property insurance, general liability
  insurance and other
2,294


 
2,643


 
4,914


 
5,991


  Total taxes, insurance and lease expense
$
23,563


 
$
23,595


 
$
43,621


 
$
45,245




(a)
Hotel lease expense is recorded by the consolidated operating lessees of 12 hotels owned by unconsolidated entities, and is partially (generally 49%) offset through noncontrolling interests in other partnerships.  Our 50% share of the corresponding lease income is recorded through equity in income from unconsolidated entities.  Hotel lease expense includes percentage rent of $5.1 million and $4.7 million for the three months ended June 30, 2011 and 2010, respectively, and $8.0 million and $7.1 million for the six months ended June 30, 2011 and 2010, respectively.


(b)
Land lease expense includes percentage rent of $1.2 million and $1.0 million for the three months ended June 30, 2011 and 2010, respectively, and $1.9 million and $1.6 million for the six months ended June 30, 2011 and 2010, respectively.