Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2014

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,
	2014		2013		2012
	(in thousands)
Interest paid, net of capitalized interest	$	26,945	$	23,528	$	13,440
Interest capitalized	$	—	$	206	$	236
Income taxes paid	$	3,049	$	1,572	$	1,877
Non-Cash Investing and Financing Activities:
Distributions payable on common shares/units	$	17,743	$	10,592	$	7,461
Distributions payable on preferred shares	$	5,550	$	5,203	$	3,813
Issuance of common shares for Board of Trustees compensation	$	421	$	207	$	199
Mortgage loans assumed in connection with acquisition	$	50,725	$	90,448	$	27,175
Below (above) market rate contracts assumed in connection with acquisition	$	15,375	$	2,826	$	(9,170	)
Capital lease obligation assumed in connection with acquisition	$	10,758	$	—	$	—
Deposit applied to purchase price of acquisition	$	—	$	4,000	$	—
Accrued additions and improvements to hotel properties	$	6,537	$	603	$	1,203
Write off of fully depreciated furniture, fixtures and equipment	$	4,446	$	—	$	—
Write off of deferred financing costs	$	2,258	$	—	$	—

For the years ended December 31, 2014, 2013 and 2012, the Company redeemed 258,101, 0 and 444,535 LTIP units for the same number of common shares, respectively.