Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2021

Supplemental Information to Statements of Cash Flows (in thousands)


	For the year ended December 31,
	2021		2020		2019
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents	$	665,341	$	899,813	$	882,474
Restricted cash reserves	48,528		34,977		44,686
Cash, cash equivalents, and restricted cash reserves	$	713,869	$	934,790	$	927,160

Interest paid	$	92,729	$	98,511	$	97,259

Income taxes paid	$	477	$	1,501	$	4,090

Operating cash flow lease payments for operating leases	$	12,371	$	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 acquisitions of hotel properties, the Company recorded the following:
Purchase of hotel properties	$	198,250	$	—	$	—
Transaction costs	2,014		—		—
Operating prorations	(589)		—		—
Mortgage debt assumed (non-cash financing activity)	(25,000)		—		—



Acquisition of hotel properties, net	$	174,675	$	—	$	—

In conjunction with the sale of hotel properties, the Company recorded the following:
Sale of hotel properties	$	208,507	$	4,883	$	705,681


Transaction costs	(8,118)		(133)		(10,482)
Operating prorations	(1,747)		(98)		(9,329)
Receipt of forfeited deposit	—		517		—
Proceeds from the sale of hotel properties, net	$	198,642	$	5,169	$	685,870

Supplemental non-cash transactions
Change in fair market value of designated interest rate swaps	$	41,279	$	(49,536)	$	(33,459)
Accrued capital expenditures	$	10,049	$	7,313	$	14,234
Distributions payable	$	8,347	$	8,752	$	64,165