Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Segment Information

Segment Information

	For the Three Months Ended September 30, 2011
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	242,995	$	—	$	—		$	242,995
Rental income	21,708		50,597		—			72,305
FF&E reserve income	3,389		—		—			3,389
Total revenues	268,092		50,597		—			318,689
Hotel operating expenses	168,278		—		—			168,278
Depreciation and amortization expense	36,421		20,685		—			57,106
General and administrative expense	—		—		11,292			11,292
Acquisition related costs	—		—		387			387
Total expenses	204,699		20,685		11,679			237,063
Operating income (loss)	63,393		29,912		(11,679		)	81,626
Interest income	—		—		11			11
Interest expense	—		—		(33,513		)	(33,513		)
Equity in earnings of an investee	—		—		28			28
Income (loss) before income taxes	63,393		29,912		(45,153		)	48,152
Income tax expense	—		—		(621		)	(621		)
Net income (loss)	$	63,393	$	29,912	$	(45,774	)	$	47,531

	For the Nine Months Ended September 30, 2011
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	670,867	$	—	$	—		$	670,867
Rental income	79,395		150,683		—			230,078
FF&E reserve income	13,537		—		—			13,537
Total revenues	763,799		150,683		—			914,482
Hotel operating expenses	450,845		—		—			450,845
Depreciation and amortization expense	110,222		60,828		—			171,050
General and administrative expense	—		—		30,746			30,746
Acquisition related costs	—		—		1,150			1,150
Loss on asset impairment	7,263		—		—			7,263
Total expenses	568,330		60,828		31,896			661,054
Operating income (loss)	195,469		89,855		(31,896		)	253,428
Interest income	—		—		54			54
Interest expense	—		—		(100,183		)	(100,183		)
Equity in earnings of an investee	—		—		111			111
Income (loss) before income taxes	195,469		89,855		(131,914		)	153,410
Income tax expense	—		—		(1,188		)	(1,188		)
Net income (loss)	$	195,469	$	89,855	$	(133,102	)	$	152,222

	As of September 30, 2011
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	2,888,669	$	2,196,659	$	25,741	$	5,111,069

	For the Three Months Ended September 30, 2010
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	193,626	$	—	$	—		$	193,626
Rental income	33,824		47,871		—			81,695
FF&E reserve income	5,877		—		—			5,877
Total revenues	233,327		47,871		—			281,198
Hotel operating expenses	128,601		—		—			128,601
Depreciation and amortization expense	38,205		19,792		—			57,997
General and administrative expense	—		—		10,082			10,082
Total expenses	166,806		19,792		10,082			196,680
Operating income (loss)	66,521		28,079		(10,082		)	84,518
Interest income	—		—		33			33
Interest expense	—		—		(33,475		)	(33,475		)
Equity in earnings of an investee	—		—		34			34
Income (loss) before income taxes	66,521		28,079		(43,490		)	51,110
Income tax expense	—		—		(878		)	(878		)
Net income (loss)	$	66,521	$	28,079	$	(44,368	)	$	50,232

	For the Nine Months Ended September 30, 2010
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	558,900	$	—	$	—		$	558,900
Rental income	99,854		141,920		—			241,774
FF&E reserve income	17,023		—		—			17,023
Total revenues	675,777		141,920		—			817,697
Hotel operating expenses	364,058		—		—			364,058
Depreciation and amortization expense	118,517		60,743		—			179,260
General and administrative expense	—		—		29,396			29,396
Loss on asset impairment	16,384		—		—			16,384
Total expenses	498,959		60,743		29,396			589,098
Operating income (loss)	176,818		81,177		(29,396		)	228,599
Interest income	—		—		216			216
Interest expense	—		—		(105,367		)	(105,367		)
Loss on extinguishment of debt	—		—		(6,720		)	(6,720		)
Equity in losses of an investee	—		—		(17		)	(17		)
Income (loss) before income taxes	176,818		81,177		(141,284		)	116,711
Income tax expense	—		—		(2,404		)	(2,404		)
Net income (loss)	$	176,818	$	81,177	$	(143,688	)	$	114,307

	As of December 31, 2010
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	2,967,467	$	2,205,379	$	19,440	$	5,192,286