Other Current Liabilities and Other Liabilities

6 Months Ended

Jun. 30, 2020

Other Current Liabilities and Other Liabilities

Other Current Liabilities and Other Liabilities

8. Other Current Liabilities and Other Liabilities

Other Current Liabilities

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

	June 30,		December 31,
	2020		2019
	(unaudited)
Property, sales and use taxes payable	$	12,317	$	16,074
Accrued interest		8,237		6,735
Advance deposits		13,752		18,001
Management fees payable		54		1,527
Other		2,140		4,618
Total other current liabilities	$	36,500	$	46,955

Other Liabilities

Other liabilities consisted of the following (in thousands):

	June 30,		December 31,
	2020		2019
	(unaudited)
Deferred revenue	$	5,504	$	5,225
Deferred property taxes payable (1)		9,374		8,887
Interest rate swap derivatives		7,272		1,081
Other		3,224		2,943
Total other liabilities	$	25,374	$	18,136

(1) Under the terms of a sublease agreement at the Hilton Times Square, sublease rent amounts are considered to be property taxes under a payment-in-lieu of taxes (“PILOT”) program. In accordance with the terms of the sublease agreement, a portion of the property taxes have been deferred, with installments due beginning in 2020 through 2029. At June 30, 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.