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Supplemental Information to Statements of Cash Flows (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental Cash Flow Elements [Abstract]

Schedule of supplemental information to statements of cash flows


			For the year ended December 31,
			2023						2022						2021
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents			$	516,675					$	481,316					$	665,341
Restricted cash reserves			38,652						55,070						48,528
Cash, cash equivalents, and restricted cash reserves			$	555,327					$	536,386					$	713,869

Interest paid			$	89,827					$	87,180					$	92,729

Income taxes paid			$	2,538					$	1,255					$	477

Operating cash flow lease payments for operating leases			$	16,899					$	15,742					$	12,371

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 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 connection with the sales of hotel properties, the Company recorded the following:
Sales price			$	—					$	49,900					$	208,507


Transaction costs			—						(834)						(8,118)
Operating prorations			—						(991)						(1,747)

Proceeds from sales of hotel properties, net			$	—					$	48,075					$	198,642

Supplemental non-cash transactions
Change in fair market value of designated interest rate swaps			$	(17,929)					$	63,570					$	41,279
Accrued capital expenditures			$	22,144					$	17,645					$	10,049
Distributions payable			$	22,500					$	14,622					$	8,347