Other Current Liabilities and Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Other Current Liabilities and Other Liabilities

Schedule of other current liabilities

Other Current Liabilities

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

	March 31,		December 31,
	2020		2019
	(unaudited)
Property, sales and use taxes payable	$	11,844	$	16,074
Accrued interest		4,200		6,735
Advance deposits		13,899		18,001
Management fees payable		488		1,527
Other		3,400		4,618
Total other current liabilities	$	33,831	$	46,955

Schedule of other liabilities

Other liabilities consisted of the following (in thousands):

	March 31,		December 31,
	2020		2019
	(unaudited)
Deferred revenue	$	5,405	$	5,225
Deferred property taxes payable (1)		9,162		8,887
Interest rate derivatives		7,161		1,081
Other		3,090		2,943
Total other liabilities	$	24,818	$	18,136

(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, with installments due beginning in 2020 through 2029. At March 31, 2020, an additional $1.4 million of deferred property taxes payable is included in accounts payable and accrued expenses on the Company’s consolidated balance sheet.