Choice Hotels(CHH) - 2023 Q1 - Quarterly Report

26 of franchise sales and the ability of our franchisees to complete construction or convert their hotels to one of the Company's brands. At March 31, 2023, the Company had commitments to extend an additional $334.6 million for these purposes provided the conditions of the payment are met by its franchisees. Investing Activities Cash utilized for investing activities totaled$29.5 million and $22.5 million for the three months ended March 31, 2023 and 2022, respectively. The change in cash utilized for inve ...