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Supplemental Information to Statements of Cash Flows
 9 Months Ended
Sep. 30, 2014
Supplemental Cash Flow Elements [Abstract]  
Supplemental Information to Statements of Cash Flows
Supplemental Information to Statements of Cash Flows (in thousands)
 
 
For the nine months ended September 30,
 
2014
 
2013
Interest paid
$
39,318

 
$
46,826

 
 
 
 
Income taxes paid
$
1,989

 
$
1,350

 
 
 
 
Supplemental investing and financing transactions:
 
 
 
In conjunction with the acquisitions, the Company recorded the following:
 
 
 
Purchase of real estate
$
631,950

 
$
196,695

Accounts receivable
807

 
708

Other assets
1,671

 
902

Advance deposits
(659
)
 
(313
)
Accounts payable and accrued expenses
(2,129
)
 
(4,265
)
Receipt of assets in full satisfaction
—

 
(4,731
)
Gain on foreclosure
—

 
(4,831
)
Acquisition of hotel and other properties, net
$
631,640

 
$
184,165

 
 
 
 
In conjunction with the disposals, the Company recorded the following:
 
 
 
Disposal of hotel properties
$
128,000

 
$
(5,056
)
Closing costs
(2,846
)
 
—

Operating prorations
(1,078
)
 
213

Gain on extinguishment of indebtedness
—

 
(5,702
)
Forgiveness of indebtedness
—

 
10,545

Proceeds from the disposal of hotel properties, net
$
124,076

 
$
—

 
 
 
 
Supplemental non-cash transactions:
 
 
 
Accrued capital expenditures
$
—

 
$
76