Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2013

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS

SUPPLEMENTAL INFORMATION TO STATEMENTS OF CASH FLOWS

	For the year ended December 31,
	2013		2012			2011
	(in thousands)
Interest paid, net of capitalized interest	$	23,528	$	13,440		$	11,366
Interest capitalized	$	206	$	236		$	—
Income taxes paid	$	1,572	$	1,877		$	586
Non-Cash Investing and Financing Activities:
Distributions payable on common shares/units	$	10,592	$	7,461		$	6,219
Distributions payable on preferred shares	$	5,203	$	3,813		$	3,813
Issuance of common shares for board of trustees compensation	$	207	$	199		$	182
Mortgage loans assumed in connection with acquisition	$	90,448	$	27,175		$	42,000
Below (above) market rate contracts assumed in connection with acquisition	$	2,826	$	(9,170	)	$	—
Deposit applied to purchase price of acquisition	$	4,000	$	—		$	5,000
Accrued additions and improvements to hotel properties	$	603	$	1,203		$	2,171