Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2017



	For the year ended December 31,
	2017		2016		2015
	(in thousands)
Interest paid, net of capitalized interest	$	33,999	$	41,416	$	38,128
Interest capitalized	$	—	$	492	$	598
Income taxes paid	$	575	$	369	$	2,487
Non-Cash Investing and Financing Activities:
Distributions payable on common shares/units	$	28,381	$	29,773	$	24,319
Distributions payable on preferred shares	$	3,442	$	3,442	$	5,550
Issuance of common shares for Board of Trustees compensation	$	503	$	606	$	372
Below (above) market rate contracts assumed in connection with acquisition	$	—	$	—	$	20,110
Accrued additions and improvements to hotel properties	$	961	$	4,717	$	1,262
Write-off of fully depreciated building, furniture, fixtures and equipment	$	14,134	$	—	$	6,013
Write-off of deferred financing costs	$	5,956	$	1,836	$	1,577
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	$	—