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Supplemental Information to Statements of Cash Flows
3 Months Ended
Mar. 31, 2025
Supplemental Cash Flow Elements [Abstract]  
Supplemental Information to Statements of Cash Flows Supplemental Information to Statements of Cash Flows (in thousands)
For the three months ended March 31,
20252024
Reconciliation of cash, cash equivalents, and restricted cash reserves
Cash and cash equivalents$347,526 $350,237 
Restricted cash reserves24,868 40,721 
Cash, cash equivalents, and restricted cash reserves$372,394 $390,958 
Interest paid$35,618 $34,199 
Income taxes (refunded) paid$(56)$122 
Operating cash flow lease payments for operating leases$3,436 $3,882 
Right-of-use asset and lease liability adjustments due to remeasurement$— $(1,221)
Right-of-use asset and lease liability reclassifications to land due to acquisition$— $1,187 
Supplemental investing and financing transactions
In connection with the acquisition of land, the Company recorded the following:
Purchase price$— $125,000 
Application of purchase deposit— (2,400)
Transaction costs— 79 
Acquisition, net$— $122,679 
In connection with the sale of a hotel property, the Company recorded the following:
Sales price$24,250 $— 
Transaction costs(107)— 
Operating prorations(22)— 
Proceeds from sale of hotel property, net$24,121 $— 
Supplemental non-cash transactions
Accrued capital expenditures$23,967 $19,823