Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2019

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,
	2019		2018		2017
	(in thousands)
Interest paid, net of capitalized interest	$	91,918	$	48,658	$	33,999
Interest capitalized	$	347	$	—	$	—
Income taxes paid	$	4,568	$	4,047	$	575
Non-Cash Investing and Financing Activities:
Distributions payable on common shares/units	$	51,006	$	36,201	$	28,381
Distributions payable on preferred shares	$	7,558	$	7,558	$	3,442
Issuance of common shares for Board of Trustees compensation	$	740	$	662	$	503
Accrued additions and improvements to hotel properties	$	3,192	$	8,620	$	961
Right of use assets obtained in exchange for lease liabilities	$	257,167	$	—	$	—
Purchase of ground lease	$	16,604	$	—	$	—
Write-off of fully depreciated building, furniture, fixtures and equipment	$	28,120	$	—	$	14,134
Write-off of deferred financing costs	$	3,013	$	—	$	5,956
The Company also had the following transactions in connection with the LaSalle merger (1):
Issuance of common shares	$	—	$	2,144,057	$	—
Issuance of Series E and F preferred shares	$	—	$	234,222	$	—
Issuance of OP units	$	—	$	4,665	$	—
Exchange of LaSalle shares as part of purchase price	$	—	$	346,544	$	—

⁽¹⁾ Refer to Note 3, Business Combinations and Acquisition and Disposition of Hotel Properties - Merger with LaSalle Hotel Properties, for information related to the non-cash investing and financing activities related to the acquisition of LaSalle.