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Leases | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Leases | Leases We are subject to operating leases, the most significant of which are ground leases. We are the lessee to ground leases under nine of our hotels and one parking garage. The lease liabilities for our operating leases assume the exercise of all available extension options, as we believe they are reasonably certain to be exercised. As of March 31, 2019, our operating leases have a weighted-average remaining lease term of 67 years and a weighted-average discount rate of 5.77%. The components of operating lease expense, which is included in other hotel expenses in our consolidated statement of operations, and cash paid for amounts included in the measurement of lease liabilities, are as follows (in thousands):
|  | Three Months Ended March 31, 2019
Operating lease cost |  | $ | 2,751 |
Variable lease payments |  | $ | 337 |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 788 |
Maturities of lease liabilities are as follows (in thousands):
Year Ending December 31, |  | As of March 31, 2019
2019 (excluding the three months ended March 31, 2019) |  | $ | 2,455 |
2020 |  | 3,320 |
2021 |  | 4,805 |
2022 |  | 3,940 |
2023 |  | 3,997 |
Thereafter |  | 763,074 |
Total lease payments |  | 781,591 |
Less imputed interest |  | (679,790 | )
Total lease liabilities |  | $ | 101,801 |
The future minimum annual rental commitments under all noncancelable operating leases in effect as of December 31, 2018, as determined prior to the adoption of ASC 842 and its related practical expedients, are as follows (in thousands):
Year Ending December 31, |  | As of December 31, 2018
2019 |  | $ | 5,232 |
2020 |  | 4,866 |
2021 |  | 6,132 |
2022 |  | 5,122 |
2023 |  | 5,096 |
Thereafter |  | 636,770 |
|  | $ | 663,218 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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