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Supplemental Information to Statements of Cash Flows
 9 Months Ended
Sep. 30, 2022
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,
20222021
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents$488,146 $624,551 
Restricted cash reserves51,504 35,763 
Cash, cash equivalents, and restricted cash reserves$539,650 $660,314 
Interest paid$76,768 $78,578 
Income taxes paid$850 $154 
Operating cash flow lease payments for operating leases$12,438 $8,985 
Right-of-use asset and liability adjustment due to remeasurement $(2,473)$— 
Supplemental investing and financing transactions
In connection with the acquisitions of hotel properties, the Company recorded the following:
Purchase of hotel properties$59,000 $58,000 
Transaction costs1,021 813 
Operating prorations(802)(244)
Acquisition of hotel properties, net$59,219 $58,569 
In connection with the sales of hotel properties, the Company recorded the following:
Sales price$49,900 $39,507 
Transaction costs(856)(2,158)
Operating prorations(991)(1,132)
Proceeds from the sale of hotel properties, net$48,053 $36,217 
Supplemental non-cash transactions
Accrued capital expenditures$2,363 $3,472