Other Current Liabilities and Other Liabilities

6 Months Ended

Jun. 30, 2019

Other Current Liabilities and Other Liabilities

Other Current Liabilities and Other Liabilities

7. Other Current Liabilities and Other Liabilities

Other Current Liabilities

Other current liabilities consisted of the following (in thousands):

	June 30,		December 31,
	2019		2018
	(unaudited)
Property, sales and use taxes payable	$	19,203	$	15,684
Income tax payable		29		125
Accrued interest		7,091		7,306
Advance deposits		16,472		16,711
Management fees payable		1,248		1,142
Other		3,864		3,994
Total other current liabilities	$	47,907	$	44,962

Other Liabilities

Other liabilities consisted of the following (in thousands):

	June 30,		December 31,
	2019		2018
	(unaudited)
Deferred revenue	$	5,255	$	5,017
Deferred rent		—		12,986
Deferred property taxes payable (1)		9,801		9,284
Interest rate derivative		885		—
Deferred income tax liability		—		304
Other		3,235		3,112
Total other liabilities	$	19,176	$	30,703

(1) Under the terms of a sublease agreement at the Hilton Times Square, sublease rent amounts are currently considered to be property taxes under a payment-in-lieu of taxes (“PILOT”) program, and will be paid beginning in 2020 through 2029. When the PILOT program ends in 2020, the sublease agreement will be modified, rent amounts will be reassessed and the Company will determine if the sublease agreement qualifies as a lease.