Accounts Payable and Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consist of the following as of December 31, 2017 and 2016 (amounts in thousands):



	2017		2016
Accrued capital expenditures	$	71,769	$	66,620
Accounts payable and accrued expenses	32,509		36,246
Payable to the estate of Leona M. Helmsley ⁽¹⁾	—		18,367
Interest rate swap agreements liability	436		5,591
Accrued interest payable	5,687		6,230
Due to affiliated companies	448		1,010
Total accounts payable and accrued expenses	$	110,849	$	134,064

___________

(1)

Reflects a payable to the estate of Leona M. Helmsley, as required under our formation agreements, for New York City transfer taxes which would have been payable in absence of the estate's exemption from such tax. The taxing authority's final approval of such exemption was issued during the three months ended September 30, 2017, and upon receipt of the confirming documents we made this payment to the estate of Leona M. Helmsley on October 2, 2017.