Taxes, Insurance and Lease Expense

Taxes, insurance and lease expense from continuing operations were comprised of the following (in thousands):



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Hotel lease expense^(a)	$	1,524	$	5,537	$	5,762	$	29,224
Land lease expense^(b)	3,892		3,670		10,684		9,292
Real estate and other taxes	5,691		7,634		22,048		23,365
Property insurance, general liability insurance and other	1,609		2,212		5,439		7,395
Total taxes, insurance and lease expense	$	12,716	$	19,053	$	43,933	$	69,276

(a)

We record hotel lease expense for the consolidated operating lessees of hotels owned by unconsolidated entities and partially offset this expense through noncontrolling interests in other partnerships (generally 49%). We record our 50% share of the corresponding lease income through equity in income from unconsolidated entities. Hotel lease expense includes percentage rent of $726,000 and $3.3 million for the three months ended September 30, 2015 and 2014, respectively, and $2.8 million and $16.0 million for the nine months ended September 30, 2015 and 2014, respectively, and reflects a decrease attributable to the unwinding of our 10-hotel unconsolidated joint ventures in July 2014.


(b)	We include in land lease expense percentage rent of $2.4 million and $2.2 million for the three months ended September 30, 2015 and 2014, respectively, and $6.1 million and $4.9 million for the nine months ended September 30, 2015 and 2014, respectively.