Supplemental Information to Statements of Cash Flows (Tables)

12 Months Ended

Dec. 31, 2017

Supplemental Cash Flow Elements [Abstract]

Schedule of supplemental information to statements of cash flows

	For the year ended December 31,
	2017			2016			2015
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents	$	586,470		$	456,672		$	134,192
Restricted cash reserves	72,606			67,206			55,455
Cash, cash equivalents, and restricted cash reserves	$	659,076		$	523,878		$	189,647
Interest paid, net of capitalized interest	$	65,211		$	56,294		$	48,524
Income taxes paid	$	1,176		$	1,290		$	1,012
Supplemental investing and financing transactions (1)
In conjunction with the acquisitions, the Company recorded the following:
Purchase of real estate	$	—		$	—		$	177,169
Accounts receivable	—			—			179
Other assets	—			—			120
Mortgage debt assumed	—			—			(33,389		)
Fair value adjustment on mortgage debt assumed	—			—			(1,269		)
Advance deposits	—			—			(46		)
Accounts payable and other liabilities	—			—			(543		)
Acquisition of hotel properties, net	$	—		$	—		$	142,221
In conjunction with the sale of hotel properties, the Company recorded the following:
Sale of hotel properties	$	170,000		$	301,540		$	252,500
Escrow related to certain post-closing obligations	14,000			(15,000		)	—
Transaction costs	(4,564		)	(16,693		)	(9,055		)
Operating prorations	843			(662		)	2,960
Proceeds from the sale of hotel properties, net	$	180,279		$	269,185		$	246,405
Supplemental non-cash transactions (1)
Change in fair market value of designated interest rate swaps	$	13,748		$	11,700		$	(2,958	)
Accrued capital expenditures	$	14,138		$	7,392		$	11,383
Distributions payable	$	65,284		$	41,486		$	41,409
Redemption of OP Units	$	—		$	4,325		$	—