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Supplemental Information to Statements of Cash Flows

9 Months Ended

Sep. 30, 2023

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,
			2023						2022
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents			$	494,563					$	488,146
Restricted cash reserves			35,807						51,504
Cash, cash equivalents, and restricted cash reserves			$	530,370					$	539,650
Interest paid			$	76,935					$	76,768
Income taxes paid			$	1,910					$	850
Operating cash flow lease payments for operating leases			$	13,005					$	12,438
Right-of-use asset obtained in exchange for lease obligation			$	5,016					$	—
Right-of-use asset and liability adjustment due to remeasurement			$	—					$	(2,473)
Supplemental investing and financing transactions
In connection with the acquisition of a hotel property, the Company recorded the following:
Purchase of hotel property			$	—					$	59,000
Transaction costs			—						1,021
Operating prorations			—						(802)
Acquisition of hotel property, net			$	—					$	59,219
In connection with the sales of hotel properties, the Company recorded the following:
Sales price			$	—					$	49,900
Transaction costs			(28)						(856)
Operating prorations			—						(991)
(Payments) proceeds from sales of hotel properties, net			$	(28)					$	48,053
Supplemental non-cash transactions
Accrued capital expenditures			$	13,645					$	2,363

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- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//230/tableOfContent

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- References

No definition available.

+ Details

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