Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2020

Supplemental Information to Statements of Cash Flows (in thousands)


	For the year ended December 31,
	2020		2019		2018
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents	$	899,813	$	882,474	$	320,147
Restricted cash reserves	34,977		44,686		64,695
Cash, cash equivalents, and restricted cash reserves	$	934,790	$	927,160	$	384,842

Interest paid	$	98,511	$	97,259	$	114,280

Income taxes paid	$	1,501	$	4,090	$	1,836

Operating cash flow lease payments for operating leases	$	11,813	$	15,270

Right-of-use asset obtained in exchange for lease obligation due to remeasurement	$	4,100	$	—

Supplemental investing and financing transactions










In conjunction with the sale of hotel properties, the Company recorded the following:
Sale of hotel properties	$	4,883	$	705,681	$	530,850
Escrow related to certain post-closing obligations	—		—		1,000
Purchase option for land subject to a ground lease	—		—		(44,831)
Transaction costs	(133)		(10,482)		(10,668)
Operating prorations	(98)		(9,329)		(1,288)
Receipt of forfeited deposit	517		—		—
Proceeds from the sale of hotel properties, net	$	5,169	$	685,870	$	475,063

Supplemental non-cash transactions
Change in fair market value of designated interest rate swaps	$	(49,536)	$	(33,459)	$	7,349
Accrued capital expenditures	$	7,313	$	14,234	$	15,709
Distributions payable	$	8,752	$	64,165	$	65,557