Moving on to capital expenditures, we've noted in previous calls that we've taken a proactive approach to renovating and repositioning our hotels. That commitment has now resulted in a competitive and strategic advantage as demand continues to accelerate. We spent approximately $104 million in capital expenditures in 2022 and currently anticipate spending between $100 million and $120 million in 2023.

Feb 22, 2023 / EVP / receipt, needs a key / Chris Nixon, EVP | earnings call 2023-02-22 | transcript c8cf190c-5ccd-4ad6-bcd6-bc7bd057af81 | chars 17923-18327 | segment 18