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SUPPLEMENTAL CASH FLOW INFORMATION
 12 Months Ended
Dec. 31, 2023
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 is as follows (in thousands):

For the Year Ended December 31,
202320222021
Cash payments for interest$78,886 $58,409 $37,509 
Accrued acquisition costs and improvements to lodging properties$4,219 $8,233 $3,399 
Cash payments for income taxes, net of refunds$2,674 $3,742 $557 
Accrued and unpaid dividends$185 $40 $— 
Mortgage debt assumed for acquisitions of lodging properties$— $382,205 $13,267 
Assumption of leases and other assets and liabilities in connection with the acquisition of a portfolio of properties$— $9,206 $— 
Conversion of a mezzanine loan to complete acquisition of lodging properties$— $29,875 $— 
Conversion of purchase option to complete acquisition of lodging properties$— $2,800 $— 
Non-cash contributions of assets by non-controlling interests related to acquisition of lodging properties$200 $7,724 $— 
Issuance of non-controlling interests in Operating Partnership to complete acquisition of a portfolio of properties$— $157,513 $— 
Redeemable non-controlling interests in operating partnership issued to complete acquisition of a portfolio of properties$— $50,000 $—