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Hotel Development	12 Months Ended
Hotel Development	Dec. 31, 2013
Hotel Development [Abstract]
Hotel Development	Hotel Development In December 2011, we acquired a 95% interest in a consolidated joint venture, which acquired the Knickerbocker Hotel in midtown Manhattan, New York, for $115 million. This is a non-operating property that we are developing into a hotel with 330 rooms, and we expect the opening of the hotel to be summer of 2014. In addition to the purchase price, the December 31, 2013 and 2012 book values include all subsequent development expenditures incurred through those respective dates. Our Knickerbocker Hotel venture raised $45 million through the sale of 3.5% preferred equity under the EB-5 immigrant investor program. The venture received $40 million in proceeds in February 2014, and the remaining $5 million will be received as investors’ visas are approved by the government. We are using our 95% share of the proceeds to repay borrowings under our line of credit.