SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Balance Sheet Related Disclosures [Abstract]

Schedule of Restricted Cash

Restricted cash at December 31, 2022 and 2021 was as follows (in thousands):

 

	2022		2021
FF&E reserves	$	10,223	$	23,587
Property taxes	316		2,132
Other	14		6,740
	$	10,553	$	32,459

Schedule of Prepaid Expenses and Other

Prepaid expenses and other at December 31, 2022 and 2021 included the following (in thousands): 

	2022		2021
Deferred acquisition costs (1)	$	334	$	6,763
Prepaid insurance	1,708		6,713
Escrow deposits (1)	—		6,000
Prepaid taxes	1,639		1,691
Other	4,697		3,329
	$	8,378	$	24,496

(1)    Prepaid acquisition costs and escrow deposits at December 31, 2021 primarily relate to the NCI Transaction which was completed in January 2022. See "Note 3 - Investments in Lodging Property, net."

Schedule of Deferred Charges

Deferred charges at December 31, 2022 and 2021 were as follows (in thousands): 

	2022		2021
Initial franchise fees	$	10,079	$	7,034
Less - accumulated amortization	(3,005)		(2,687)
	$	7,074	$	4,347

Schedule of Other Assets

Other assets at December 31, 2022 and 2021 included the following (in thousands):

	2022		2021
Derivative financial instrument	$	16,841	$	—
Purchase options related to real estate loans	—		2,800
Deferred tax asset, net	108		49
Other	895		950
	$	17,844	$	3,799

Schedule of Accrued Expenses

Accrued expenses and other at December 31, 2022 and 2021 included the following (in thousands):

 

	2022		2021
Accrued property, sales and income taxes	$	28,972	$	17,448
Derivative financial instruments	—		15,723
Accrued salaries and benefits	13,029		13,679
Other accrued expenses at lodging properties	25,282		11,880
Accrued interest	4,158		2,695
Other	9,863		4,794
	$	81,304	$	66,219