SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021

Balance Sheet Related Disclosures [Abstract]

Schedule of restricted cash

Restricted cash at December 31, 2021 and 2020 was as follows (in thousands):

 

	2021		2020
FF&E reserves	$	23,587	$	16,094
Property taxes	2,132		1,469
Other	6,740		614
	$	32,459	$	18,177

Schedule of prepaid expenses and other

Prepaid expenses and other at December 31, 2021 and 2020 included the following (in thousands): 

	2021		2020
Deferred acquisition costs(1)	$	6,763	$	—
Prepaid insurance	6,713		4,123
Escrow deposits(1)	6,000		—
Other	3,329		3,018
Prepaid taxes	1,691		2,622
	$	24,496	$	9,763

(1) Prepaid acquisition costs and escrow deposits primarily relate to the NCI Transaction which was completed in January 2022. See Note 3 - Investment in Hotel Properties, net.

Schedule of deferred charges

Deferred charges at December 31, 2021 and 2020 were as follows (in thousands): 

	2021		2020
Initial franchise fees	$	7,034	$	6,795
Less - accumulated amortization	(2,687)		(2,366)
	$	4,347	$	4,429

Schedule of other assets

Other assets at December 31, 2021 and 2020 included the following (in thousands):

	2021		2020
Purchase options related to real estate loans	$	2,800	$	7,161
Other	950		1,013
Deferred tax asset, net	49		2
	$	3,799	$	8,176

Schedule of accrued expenses

Accrued expenses and other at December 31, 2021 and 2020 included the following (in thousands):

 

	2021		2020
Accrued property, sales and income taxes	$	17,448	$	17,713
Derivative financial instruments	15,723		30,850
Accrued salaries and benefits	13,679		6,632
Other accrued expenses at hotels	11,880		5,922
Other	4,794		2,793
Accrued interest	2,695		1,189
	$	66,219	$	65,099