Cash Flow Disclosures And Non Cash Investing And Financing Activities

6 Months Ended

Jun. 30, 2016

Cash Flow Disclosures And Non Cash Investing And Financing Activities [Abstract]

Cash Flow Disclosures And Non Cash Investing And Financing Activities

NOTE 10 – CASH FLOW DISCLOSURES AND NON CASH INVESTING AND FINANCING ACTIVITIES

Interest paid during the six months ended June 30, 2016 and 2015 totaled $22,878 and $19,757, respectively. The following non-cash investing and financing activities occurred during 2016 and 2015:

	2016		2015
Common Shares issued as part of the Dividend Reinvestment Plan	$	31	$	32
Acquisition of hotel properties:
Debt assumed, including premium		14,750		28,902
Deposit paid in prior period towards acquisition which closed in current period		5,000		-
Cash paid for income taxes		669		-
Accrued payables for fixed assets placed into service		467		-
Contribution of fixed assets to joint venture		264,658		-