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Cash Flow Disclosures And Non Cash Investing And Financing Activities
 6 Months Ended
Jun. 30, 2017
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, 2017 and 2016 totaled $19,209  and $22,878 respectively.  Cash paid for income taxes during the six months ended June 30, 2017 and 2016 totaled $653 and $669, respectively.  The following non-cash investing and financing activities occurred during 2017 and 2016:





































 

 

 

 

 

 

 



 

2017

 

2016

 

Common Shares issued as part of the Dividend Reinvestment Plan

 

$

 45 

 

$

 31 

 

Acquisition of hotel properties:

 

 

 

 

 

 

 

Assets acquired through joint venture assignment and assumption

 

 

 50,000 

 

 

 -

 

Debt assumed, including premium

 

 

 44,483 

 

 

 14,750 

 

Deposit paid in prior period towards acquisition which closed in current period

 

 

 -

 

 

 5,000 

 

Accrued payables for fixed assets placed into service

 

 

 1,477 

 

 

 467 

 

Contribution of fixed assets to joint venture

 

 

 -

 

 

 264,658