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Segment Information
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Information
13. Segment Information
We aggregate our hotels and travel centers into two reportable segments, hotel investments and travel center investments, based on their similar operating and economic characteristics.
 
For the Year Ended December 31, 2016
 
Hotels
 
Travel Centers
 
Corporate
 
Consolidated
Hotel operating revenues 
$
1,730,326

 
$

 
$

 
$
1,730,326

Rental income
33,202

 
279,175

 

 
312,377

FF&E reserve income 
4,508

 

 

 
4,508

Total revenues 
1,768,036

 
279,175

 

 
2,047,211

 
 
 
 
 
 
 
 
Hotel operating expenses 
1,202,538

 

 

 
1,202,538

Depreciation and amortization 
224,335

 
133,007

 

 
357,342

General and administrative 

 

 
99,105

 
99,105

Acquisition related costs 
1,367

 

 

 
1,367

Total expenses 
1,428,240

 
133,007

 
99,105

 
1,660,352

 
 
 
 
 
 
 
 
Operating income (loss) 
339,796

 
146,168

 
(99,105
)
 
386,859

 
 
 
 
 
 
 
 
Dividend income

 

 
2,001

 
2,001

Interest income 

 

 
274

 
274

Interest expense 

 

 
(161,913
)
 
(161,913
)
Loss on early extinguishment of debt

 

 
(228
)
 
(228
)
Income (loss) before income taxes and equity in earnings of an investee
339,796

 
146,168

 
(258,971
)
 
226,993

Income tax expense 

 

 
(4,020
)
 
(4,020
)
Equity in earnings of an investee 

 

 
137

 
137

Net income (loss) 
$
339,796

 
$
146,168

 
$
(262,854
)
 
$
223,110

 
As of December 31, 2016
 
Hotels
 
Travel Centers
 
Corporate
 
Consolidated
Total assets
$
4,005,481

 
$
2,508,000

 
$
120,747

 
$
6,634,228


 
For the Year Ended December 31, 2015
 
Hotels
 
Travel Centers
 
Corporate
 
Consolidated
Hotel operating revenues 
$
1,634,654

 
$

 
$

 
$
1,634,654

Rental income
32,533

 
250,582

 

 
283,115

FF&E reserve income 
4,135

 

 

 
4,135

Total revenues 
1,671,322

 
250,582

 

 
1,921,904

 
 
 
 
 
 
 
 
Hotel operating expenses 
1,143,981

 

 

 
1,143,981

Depreciation and amortization 
213,964

 
115,812

 

 
329,776

General and administrative 

 

 
109,837

 
109,837

Acquisition related costs 
2,259

 

 
116

 
2,375

Total expenses 
1,360,204

 
115,812

 
109,953

 
1,585,969

 
 
 
 
 
 
 
 
Operating income (loss) 
311,118

 
134,770

 
(109,953
)
 
335,935

 
 
 
 
 
 
 
 
Dividend income

 

 
2,640

 
2,640

Interest income 

 

 
44

 
44

Interest expense 

 

 
(144,898
)
 
(144,898
)
Loss on distribution to shareholders of The RMR Group Inc. common stock

 

 
(36,773
)
 
(36,773
)
Income (loss) before income taxes, equity in earnings of an investee and gain on sale of real estate
311,118

 
134,770

 
(288,940
)
 
156,948

Income tax expense

 

 
(1,566
)
 
(1,566
)
Equity in earnings of an investee 

 

 
21

 
21

Income (loss) before gain on sale of real estate
311,118

 
134,770

 
(290,485
)
 
155,403

Gain on sale of real estate

 
11,015

 

 
11,015

Net income (loss) 
$
311,118

 
$
145,785

 
$
(290,485
)
 
$
166,418

 
As of December 31, 2015
 
Hotels
 
Travel Centers
 
Corporate
 
Consolidated
Total assets 
$
3,892,316

 
$
2,440,393

 
$
62,088

 
$
6,394,797


 
For the Year Ended December 31, 2014
 
Hotels
 
Travel Centers
 
Corporate
 
Consolidated
Hotel operating revenues 
$
1,474,757

 
$

 
$

 
$
1,474,757

Rental income
32,668

 
225,394

 

 
258,062

FF&E reserve income 
3,503

 

 

 
3,503

Total revenues 
1,510,928

 
225,394

 

 
1,736,322

 
 
 
 
 
 
 
 
Hotel operating expenses 
1,035,138

 

 

 
1,035,138

Depreciation and amortization 
213,527

 
102,351

 

 
315,878

General and administrative 

 

 
45,897

 
45,897

Acquisition related costs 
239

 

 

 
239

Total expenses 
1,248,904

 
102,351

 
45,897

 
1,397,152

 
 
 
 
 
 
 
 
Operating income (loss) 
262,024

 
123,043

 
(45,897
)
 
339,170

 
 
 
 
 
 
 
 
Interest income 

 

 
77

 
77

Interest expense 

 

 
(139,486
)
 
(139,486
)
Loss on early extinguishment of debt

 

 
(855
)
 
(855
)
Income (loss) before income taxes, equity in earnings of an investee and gain on sale of real estate
262,024

 
123,043

 
(186,161
)
 
198,906

Income tax expense

 

 
(1,945
)
 
(1,945
)
Equity in earnings of an investee 

 

 
94

 
94

Income (loss) before gain on sale of real estate
262,024

 
123,043

 
(188,012
)
 
197,055

Gain on sale of real estate
130

 

 

 
130

Net income (loss) 
$
262,154

 
$
123,043

 
$
(188,012
)
 
$
197,185

 
As of December 31, 2014
 
Hotels
 
Travel Centers
 
Corporate
 
Consolidated
Total assets 
$
3,748,062

 
$
2,194,682

 
$
24,383

 
$
5,967,127