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Supplemental Information to Statements of Cash Flows
 9 Months Ended
Sep. 30, 2021
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,
20212020
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents$624,551 $995,963 
Restricted cash reserves35,763 42,686 
Cash, cash equivalents, and restricted cash reserves$660,314 $1,038,649 
Interest paid$78,578 $64,446 
Income taxes paid$154 $1,495 
Operating cash flow lease payments for operating leases$8,985 $9,013 
Supplemental investing and financing transactions
In connection with the acquisition of a hotel property, the Company recorded the following:
Purchase of hotel property$58,000 $— 
Transaction costs813 — 
Operating prorations(244)— 
Acquisition of hotel property, net$58,569 $— 
In connection with the sale of hotel properties, the Company recorded the following:
Sale of hotel properties$39,507 $— 
Transaction costs(2,158)485 
Operating prorations(1,132)— 
Proceeds from the sale of hotel properties, net$36,217 $485 
Supplemental non-cash transactions
Accrued capital expenditures$3,472 $6,520