Supplemental Information to Statements of Cash Flows

6 Months Ended

Jun. 30, 2020

Supplemental Cash Flow Elements [Abstract]

Supplemental Information to Statements of Cash Flows

Supplemental Information to Statements of Cash Flows (in thousands)

	For the six months ended June 30,
	2020		2019
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents	$	1,048,442	$	697,600
Restricted cash reserves	44,578		48,330
Cash, cash equivalents, and restricted cash reserves	$	1,093,020	$	745,930
Interest paid	$	44,870	$	47,228
Income taxes paid	$	187	$	2,506
Operating cash flow lease payments for operating leases	$	6,466	$	7,489
Supplemental investing and financing transactions
In connection with the sale of hotel properties, the Company recorded the following:
Sale of hotel properties	$	—	$	456,831
Transaction costs	94		(4,435)
Operating prorations	—		(4,903)
Proceeds from the sale of hotel properties, net	$	94	$	447,493
Supplemental non-cash transactions
Accrued capital expenditures	$	7,770	$	5,059