SUPPLEMENTAL CASH FLOW INFORMATION

3 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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 three months ended March 31, 2023 and 2022 is as follows:


	Three Months Ended March 31,
	2023		2022

Cash payments for interest	$	21,436	$	11,213
Accrued acquisitions and improvements to lodging properties	$	5,384	$	3,749

Cash payments for income taxes, net of refunds	$	110	$	60
Debt assumed to complete acquisition of properties	$	—	$	335,205
Assumption of leases and other assets and liabilities in connection with the acquisition of a portfolio of properties	$	—	$	9,206


Insurance premium financing	$	10,877	$	—

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