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SUPPLEMENTAL CASH FLOW INFORMATION
 12 Months Ended
Dec. 31, 2024
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 Years Ended December 31,
202420232022
Cash payments for interest$78,920 $78,886 $58,409 
Accrued acquisition costs and improvements to lodging properties$7,082 $4,219 $8,233 
Cash payments for income taxes, net of refunds$2,027 $2,674 $3,742 
Accrued and unpaid dividends on unvested performance-based restricted stock
$241 $185 $40 
Mortgage debt assumed for acquisitions of lodging properties$— $— $382,205 
Assumption of leases and other assets and liabilities in connection with the acquisition of a portfolio of properties$— $— $9,206 
Conversion of a mezzanine loan to complete acquisition of lodging properties$— $— $29,875 
Conversion of purchase option to complete acquisition of lodging properties$— $— $2,800 
Non-cash contributions of assets by non-controlling interests related to acquisition of lodging properties$— $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