Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2022

Supplemental Information to Statements of Cash Flows (in thousands)


	For the year ended December 31,
	2022		2021		2020
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents	$	481,316	$	665,341	$	899,813
Restricted cash reserves	55,070		48,528		34,977
Cash, cash equivalents, and restricted cash reserves	$	536,386	$	713,869	$	934,790

Interest paid	$	87,180	$	92,729	$	98,511

Income taxes paid	$	1,255	$	477	$	1,501

Operating cash flow lease payments for operating leases	$	15,742	$	12,371	$	11,813

Right-of-use asset and liability adjustment due to remeasurement	$	(2,473)	$	—	$	4,100

Supplemental investing and financing transactions
In conjunction with the acquisitions of hotel properties, the Company recorded the following:
Purchase of hotel properties	$	59,000	$	198,250	$	—
Transaction costs	1,110		2,014		—
Operating prorations	(802)		(589)		—
Mortgage debt assumed (non-cash financing activity)	—		(25,000)		—



Acquisition of hotel properties, net	$	59,308	$	174,675	$	—

In conjunction with the sale of hotel properties, the Company recorded the following:
Sales price	$	49,900	$	208,507	$	4,883


Transaction costs	(834)		(8,118)		(133)
Operating prorations	(991)		(1,747)		(98)
Receipt of forfeited deposit	—		—		517
Proceeds from the sale of hotel properties, net	$	48,075	$	198,642	$	5,169

Supplemental non-cash transactions
Change in fair market value of designated interest rate swaps	$	63,570	$	41,279	$	(49,536)
Accrued capital expenditures	$	17,645	$	10,049	$	7,313
Distributions payable	$	14,622	$	8,347	$	8,752