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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 (in thousands)
 
 
For the year ended December 31,
 
2014
 
2013
 
2012
Interest paid, net of capitalized interest
$
52,424

 
$
59,826

 
$
79,376

 
 
 
 
 
 
Income taxes paid
$
2,111

 
$
1,420

 
$
1,598

 
 
 
 
 
 
Supplemental investing and financing transactions:
 
 
 
 
 
In conjunction with the acquisitions, the Company recorded the following:
 
 
 
 
 
Purchase of real estate
$
631,950

 
$
228,573

 
$
247,158

Accounts receivable
807

 
740

 
164

Other assets
1,671

 
957

 
728

Advance deposits
(659
)
 
(313
)
 
(224
)
Accounts payable and other liabilities
(2,129
)
 
(12,168
)
 
(777
)
Receipt of assets in full satisfaction
—

 
(4,731
)
 
—

Gain on foreclosure
—

 
(4,863
)
 
—

Acquisition of hotel and other properties
$
631,640

 
$
208,195

 
$
247,049

 
 
 
 
 
 
In conjunction with the dispositions, the Company recorded the following:
 
 
 
 
 
Disposal of hotel properties
$
137,829

 
$
2,500

 
$
—

Closing costs
(3,634
)
 
(140
)
 
—

Operating prorations
(1,526
)
 
9

 
—

Proceeds from the disposal of hotel properties, net
$
132,669

 
$
2,369

 
$
—

 
 
 
 
 
 
Supplemental non-cash transactions:
 
 
 
 
 
Change in fair market value of designated interest rate swaps
$
(7,703
)
 
$
(5,941
)
 
$
1,326

 
 
 
 
 
 
Accrued capital expenditures
$
9,641

 
$
10,610

 
$
4,563

 
 
 
 
 
 
Distributions payable
$
42,114

 
$
30,870

 
$
22,392