Supplemental Information to Statements of Cash Flows

12 Months Ended

Dec. 31, 2024

Supplemental Information to Statements of Cash Flows (in thousands)


	For the year ended December 31,
	2024		2023		2022
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents	$	409,809	$	516,675	$	481,316
Restricted cash reserves	23,516		38,652		55,070
Cash, cash equivalents, and restricted cash reserves	$	433,325	$	555,327	$	536,386

Interest paid	$	103,711	$	89,827	$	87,180

Income taxes paid	$	2,220	$	2,538	$	1,255

Operating cash flow lease payments for operating leases	$	15,226	$	16,899	$	15,742

Right-of-use asset obtained in exchange for lease obligation	$	—	$	5,016	$	—

Right-of-use asset and lease liability adjustments due to remeasurement	$	(1,165)	$	—	$	(2,473)

Right-of-use asset and lease liability reclassifications to land due to acquisition	$	1,187	$	—	$	—

Supplemental investing and financing transactions
In connection with acquisitions, the Company recorded the following:
Purchase prices	$	160,500	$	—	$	59,000
Application of purchase deposit	(2,400)		—		—
Transaction costs	892		—		1,110
Operating prorations	(243)		—		(802)




Acquisitions, net	$	158,749	$	—	$	59,308

In connection with the sales of hotel properties, the Company recorded the following:
Sales prices	$	20,778	$	—	$	49,900


Transaction costs	(1,116)		—		(834)
Operating prorations	(159)		—		(991)

Proceeds from sales of hotel properties, net	$	19,503	$	—	$	48,075

Supplemental non-cash transactions
Change in fair market value of designated interest rate swaps	$	(8,874)	$	(17,929)	$	63,570
Accrued capital expenditures	$	27,172	$	22,144	$	17,645
Distributions payable	$	30,634	$	22,500	$	14,622