SUPPLEMENTAL CASH FLOW INFORMATION

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

SUPPLEMENTAL CASH FLOW INFORMATION

We consider all highly liquid investments 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, 2023 and 2022 is as follows:

	Six Months Ended June 30,
	2023		2022
Cash payments for interest	$	38,250	$	23,395
Insurance premium financing	$	10,877	$	—
Accrued acquisitions and improvements to lodging properties	$	8,820	$	7,581
Increase in carrying amount of lodging property related to contingent consideration	$	2,000	$	—
Cash payments for income taxes, net of refunds	$	1,925	$	2,268
Accrued and unpaid dividends	$	58	$	—
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 financing loan to complete acquisition of lodging properties	$	—	$	29,875
Exercise of purchase option to complete acquisition of lodging properties	$	—	$	2,800
Non-controlling interests in joint venture issued to complete acquisition of lodging 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