6. Other Assets

Other assets, net consisted of the following (in thousands):



	June 30,		December 31,
	2014		2013
	(unaudited)
Acquisition deposit	$	15,000	$	—
Property and equipment, net		2,308		2,478
Land held for development		188		188
Intangibles, net		6,977		7,277
Interest rate cap derivative agreements		2		16
Cash trap receivables		—		4,443
Interest receivable		229		—
Other receivables		2,270		3,942
Other		3,323		2,762
	$	30,297	$	21,106

In June 2014, the Company paid a deposit of $15.0 million towards its July 2014 acquisition of the Wailea Beach Marriott Resort and Spa located in Maui, Hawaii (the “Marriott Wailea”) (see Note 13).

Property and equipment, net consisted of the following (in thousands):



	June 30,		December 31,
	2014		2013
	(unaudited)
Cost basis	$	11,249	$	10,933
Accumulated depreciation		(8,941)		(8,455)
Property and equipment, net	$	2,308	$	2,478

The Company’s other assets, net as of June 30, 2014 and December 31, 2013, include BuyEfficient’s intangible assets totaling $7.0 million and $7.3 million, respectively, net of accumulated amortization related to certain trademarks, customer and supplier relationships and intellectual property related to internally developed software. These intangibles are amortized using the straight-line method over their useful lives ranging between seven and 20 years. Accumulated amortization totaled $2.1 million and $1.8 million at June 30, 2014 and December 31, 2013, respectively, and amortization expense totaled $0.1 million for both the three months ended June 30, 2014 and 2013, and $0.3 million for both the six months ended June 30, 2014 and 2013.

As of December 31, 2013, $4.4 million of the Company’s cash remained trapped by the lender associated with the mortgage secured by the Hilton Del Mar, which the Company sold in 2012, and whose mortgage was assumed by the buyer. In February 2014, the lender released the cash, and the entire $4.4 million was returned to the Company.