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SUPPLEMENTAL CASH FLOW INFORMATION
9 Months Ended
Sep. 30, 2025
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 is as follows (in thousands):
Nine Months Ended
September 30,
20252024
Cash payments for interest$58,053 $60,269 
Accrued improvements to lodging properties$9,997 $10,269 
Cash payments for income taxes, net of refunds$1,225 $2,252 
Accrued and unpaid dividends on unvested performance-based restricted stock$642 $143