XML 55 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Information to Statements of Cash Flows (Tables)
 12 Months Ended
Dec. 31, 2018
Supplemental Cash Flow Elements [Abstract]  
Schedule of supplemental information to statements of cash flows
 
For the year ended December 31,
 
2018
 
2017
 
2016
Reconciliation of cash, cash equivalents, and restricted cash reserves
 
 
 
 
 
Cash and cash equivalents
$
320,147

 
$
586,470

 
$
456,672

Restricted cash reserves
64,695

 
72,606

 
67,206

Cash, cash equivalents, and restricted cash reserves
$
384,842

 
$
659,076

 
$
523,878

 
 
 
 
 
 
Interest paid
$
114,280

 
$
65,211

 
$
56,294

 
 
 
 
 
 
Income taxes paid
$
1,836

 
$
1,176

 
$
1,290

 
 
 
 
 
 
Supplemental investing and financing transactions
 
 
 
 
 
In conjunction with the sale of hotel properties, the Company recorded the following:
 
 
 
 
 
Sale of hotel properties
$
530,850

 
$
170,000

 
$
301,540

Escrow related to certain post-closing obligations
1,000

 
14,000

 
(15,000
)
Purchase option for land subject to a ground lease
(44,831
)
 
—

 
—

Transaction costs
(10,668
)
 
(4,564
)
 
(16,693
)
Operating prorations
(1,288
)
 
843

 
(662
)
Proceeds from the sale of hotel properties, net
$
475,063

 
$
180,279

 
$
269,185

 
 
 
 
 
 
Supplemental non-cash transactions (1)
 
 
 
 
 
Change in fair market value of designated interest rate swaps
$
7,349

 
$
13,748

 
$
11,700

Accrued capital expenditures
$
15,709

 
$
14,138

 
$
7,392

Distributions payable
$
65,557

 
$
65,284

 
$
41,486

Redemption of OP Units
$
—

 
$
—

 
$
4,325