

	For the Three Months Ended June 30, 2017
	Hotels		Travel Centers		Corporate			Consolidated
Revenues:
Hotel operating revenues	$	488,477	$	—	$	—		$	488,477
Rental income	8,355		72,616		—			80,971
FF&E reserve income	1,155		—		—			1,155
Total revenues	497,987		72,616		—			570,603

Expenses:
Hotel operating expenses	339,549		—		—			339,549
Depreciation and amortization	59,403		35,752		—			95,155
General and administrative	—		—		30,347			30,347
Total expenses	398,952		35,752		30,347			465,051

Operating income (loss)	99,035		36,864		(30,347		)	105,552

Dividend income	—		—		626			626
Interest income	—		—		122			122
Interest expense	—		—		(45,189		)	(45,189		)
Income (loss) before income taxes and equity in earnings of an investee	99,035		36,864		(74,788		)	61,111
Income tax expense	—		—		(786		)	(786		)
Equity in earnings of an investee	—		—		374			374
Net income (loss)	$	99,035	$	36,864	$	(75,200	)	$	60,699

	For the Six Months Ended June 30, 2017
	Hotels		Travel Centers		Corporate			Consolidated
Revenues:
Hotel operating revenues	$	896,064	$	—	$	—		$	896,064
Rental income	16,618		144,141		—			160,759
FF&E reserve income	2,382		—		—			2,382
Total revenues	915,064		144,141		—			1,059,205

Expenses:
Hotel operating expenses	622,272		—		—			622,272
Depreciation and amortization	117,506		71,100		—			188,606
General and administrative	—		—		62,693			62,693
Total expenses	739,778		71,100		62,693			873,571

Operating income (loss)	175,286		73,041		(62,693		)	185,634

Dividend income	—		—		1,252			1,252
Interest income	—		—		379			379
Interest expense	—		—		(88,755		)	(88,755		)
Income (loss) before income taxes and equity in earnings of an investee	175,286		73,041		(149,817		)	98,510
Income tax expense	—		—		(1,142		)	(1,142		)
Equity in earnings of an investee	—		—		502			502
Net income (loss)	$	175,286	$	73,041	$	(150,457	)	$	97,870

	As of June 30, 2017
	Hotels		Travel Centers		Corporate			Consolidated
Total assets	$	4,279,973	$	2,497,457	$	196,018		$	6,973,448



	For the Three Months Ended June 30, 2016
	Hotels		Travel Centers		Corporate			Consolidated
Revenues:
Hotel operating revenues	$	471,910	$	—	$	—		$	471,910
Rental income	8,326		68,967		—			77,293
FF&E reserve income	1,096		—		—			1,096
Total revenues	481,332		68,967		—			550,299

Expenses:
Hotel operating expenses	324,922		—		—			324,922
Depreciation and amortization	56,004		32,778		—			88,782
General and administrative	—		—		37,365			37,365
Acquisition related costs	117		—		—			117
Total expenses	381,043		32,778		37,365			451,186

Operating income (loss)	100,289		36,189		(37,365		)	99,113

Dividend income					749			749
Interest income	—		—		40			40
Interest expense	—		—		(41,698		)	(41,698		)
Income (loss) before income taxes and equity in losses of an investee	100,289		36,189		(78,274		)	58,204
Income tax expense	—		—		(2,160		)	(2,160		)
Equity in earnings of an investee	—		—		17			17
Net income (loss)	$	100,289	$	36,189	$	(80,417	)	$	56,061

	For the Six Months Ended June 30, 2016
	Hotels		Travel Centers		Corporate			Consolidated
Revenues:
Hotel operating revenues	$	868,413	$	—	$	—		$	868,413
Rental income	16,468		137,084		—			153,552
FF&E reserve income	2,452		—		—			2,452
Total revenues	887,333		137,084		—			1,024,417

Expenses:
Hotel operating expenses	601,227		—		—			601,227
Depreciation and amortization	111,088		64,965		—			176,053
General and administrative	—		—		53,388			53,388
Acquisition related costs	613		—		116			729
Total expenses	712,928		64,965		53,504			831,397

Operating income (loss)	174,405		72,119		(53,504		)	193,020

Dividend income					749			749
Interest income	—		—		138			138
Interest expense	—		—		(83,284		)	(83,284		)
Loss on early extinguishment of debt					(70		)	(70		)
Income (loss) before income taxes, equity in earnings of an investee and gain on sale of real estate	174,405		72,119		(135,971		)	110,553
Income tax expense	—		—		(2,535		)	(2,535		)
Equity in earnings of an investee	—		—		94			94
Net income (loss)	$	174,405	$	72,119	$	(138,412	)	$	108,112

	As of December 31, 2016
	Hotels		Travel Centers		Corporate			Consolidated
Total assets	$	4,005,481	$	2,483,718	$	145,029		$	6,634,228