SUPPLEMENTAL CASH FLOW INFORMATION

6 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

SUPPLEMENTAL CASH FLOW INFORMATION

We consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Restricted cash consists of certain funds maintained in escrow for property taxes, insurance, and certain capital expenditures.

Funds may be disbursed from the account upon proof of expenditures and approval from the lender or other party requiring the

restricted cash reserves.

Supplemental cash flow information for the six months ended June 30, 2022 and 2021 is as follows:

	Six Months Ended June 30,
	2022		2021
Cash payments for interest	$	23,395	$	18,184
Accrued acquisitions and improvements to hotel properties	$	9,381	$	1,804
Cash payments for income taxes, net of refunds	$	2,268	$	214
Debt assumed to complete acquisition of properties	$	382,205	$	—
Assumption of leases and other assets and liabilities in connection with the acquisition of a portfolio of properties	$	9,206	$	—
Conversion of a mezzanine loan to complete acquisition of hotel properties	$	29,875	$	—
Exercise of purchase option to complete acquisition of hotel properties	$	2,800	$	—
Non-controlling contribution to complete an acquisition of hotel properties	$	6,922	$	—
Non-controlling interests in operating partnership issued to complete acquisition of a portfolio of properties	$	157,513	$	—
Redeemable non-controlling interests in operating partnership issued to complete acquisition of a portfolio of properties	$	50,000	$	—