Other Current Liabilities and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Other Current Liabilities and Other Liabilities

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


	December 31,
	2020		2019
Property, sales and use taxes payable	$	10,134	$	16,074
Accrued interest		6,914		6,735
Advance deposits		13,341		18,001
Management fees payable		169		1,527
Other		2,048		4,618
Total other current liabilities	$	32,606	$	46,955

Schedule of other liabilities

Other liabilities consisted of the following (in thousands):


	December 31,
	2020		2019
Deferred revenue	$	7,911	$	5,225
Deferred property taxes payable (1)		—		8,887
Interest rate swap derivatives		5,710		1,081
Other		3,873		2,943
Total other liabilities	$	17,494	$	18,136

(1)

Under the terms of a sublease agreement at the Hilton Times Square, sublease rent amounts were considered to be property taxes under a payment-in-lieu of taxes (“PILOT”) program. The sublease agreement was assigned to the hotel’s mortgage holder in December 2020 as stipulated in the Company’s assignment-in-lieu agreement (see Notes 4 and 7).