XML 38 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Other Current Liabilities and Other Liabilities (Tables)
6 Months Ended
Jun. 30, 2020
Other Current Liabilities and Other Liabilities  
Schedule of 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

Schedule of 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.