Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2015

Supplemental Cash Flow Elements [Abstract]

Supplemental Information to Statements of Cash Flows



	For the year ended December 31,
	2015		2014		2013
	(in thousands)
Interest paid, net of capitalized interest	$	38,128	$	26,945	$	23,528
Interest capitalized	$	598	$	—	$	206
Income taxes paid	$	2,487	$	3,049	$	1,572
Non-Cash Investing and Financing Activities:
Distributions payable on common shares/units	$	24,319	$	17,743	$	10,592
Distributions payable on preferred shares	$	5,550	$	5,550	$	5,203
Issuance of common shares for Board of Trustees compensation	$	372	$	421	$	207
Mortgage loans assumed in connection with acquisition	$	—	$	50,725	$	90,448
Below (above) market rate contracts assumed in connection with acquisition	$	20,110	$	15,375	$	2,826
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	$	1,262	$	6,537	$	603
Write-off of fully depreciated furniture, fixtures and equipment	$	6,013	$	4,446	$	—
Write-off of deferred financing costs	$	1,577	$	2,258	$	—

For the year ended December 31, 2014, the Company redeemed 258,101 LTIP units for the same number of common shares. No LTIP units were redeemed for the years ended December 31, 2015 and 2013.