Taxes, Insurance and Lease Expenses

Taxes, insurance and lease expenses from continuing operations were comprised of the following

(in thousands):



	Year Ended December 31,
	2014		2013		2012
Hotel lease expense^(a)	$	31,635	$	44,087	$	41,342
Land lease expense^(b)	12,338		11,062		11,158
Real estate and other taxes	31,773		30,977		29,974
Property insurance, general liability insurance and other	9,180		10,068		9,692
Total taxes, insurance and lease expense	$	84,926	$	96,194	$	92,166

(a)

Hotel lease expense is recorded by the consolidated operating lessees of 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 $17.3 million, $22.2 million and $19.6 million for the year ended December 31, 2014, 2013, and 2012, respectively.


(b)	Land lease expense includes percentage rent of $6.4 million, $5.4 million and $5.5 million for the year ended December 31, 2014, 2013, and 2012, respectively.