Supplemental Information to Statements of Cash Flows

3 Months Ended

Mar. 31, 2016

Supplemental Cash Flow Elements [Abstract]

Supplemental Information to Statements of Cash Flows

Supplemental Information to Statements of Cash Flows (in thousands)

	For the three months ended March 31,
	2016			2015
Interest paid, net of capitalized interest	$	13,890		$	12,505
Income taxes paid	$	271		$	72
Supplemental investing and financing transactions
In conjunction with the sale of hotel properties, the Company recorded the following:
Sale of hotel properties	$	2,850		$	230,300
Transaction costs	(104		)	(8,473		)
Operating prorations	(99		)	3,766
Proceeds from the sale of hotel properties, net	$	2,647		$	225,593
Supplemental non-cash transactions
Accrued capital expenditures	$	785		$	2,063
Redemption of Operating Partnership units	$	4,325		$	—