Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2016

Supplemental Cash Flow Elements [Abstract]

Supplemental Information to Statements of Cash Flows



	For the year ended December 31,
	2016		2015		2014
	(in thousands)
Interest paid, net of capitalized interest	$	41,416	$	38,128	$	26,945
Interest capitalized	$	492	$	598	$	—
Income taxes paid	$	369	$	2,487	$	3,049
Non-Cash Investing and Financing Activities:
Distributions payable on common shares/units	$	29,773	$	24,319	$	17,743
Distributions payable on preferred shares	$	3,442	$	5,550	$	5,550
Issuance of common shares for Board of Trustees compensation	$	606	$	372	$	421
Mortgage loans assumed in connection with acquisition	$	—	$	—	$	50,725
Below (above) market rate contracts assumed in connection with acquisition	$	—	$	20,110	$	15,375
Capital lease obligation assumed in connection with acquisition	$	—	$	—	$	10,758
Accrued additions and improvements to hotel properties	$	4,717	$	1,262	$	6,537
Write-off of fully depreciated furniture, fixtures and equipment	$	—	$	6,013	$	4,446
Write-off of deferred financing costs	$	1,836	$	1,577	$	2,258
In conjunction with the Manhattan Collection joint venture redemption transaction, the Company assumed the following assets and liabilities:
Investment in hotel properties	$	319,800	$	—	$	—
Mortgage loans	$	190,000	$	—	$	—

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, 2016 and 2015.