Segment Information

6 Months Ended

Jun. 30, 2012

Segment Information

Segment Information

Note 9.  Segment Information

	For the Three Months Ended June 30, 2012
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	265,068	$	—	$	—		$	265,068
Rental income	22,096		51,592		—			73,688
FF&E reserve income	4,427		—		—			4,427
Total revenues	291,591		51,592		—			343,183
Hotel operating expenses	193,219		—		—			193,219
Depreciation and amortization	42,603		21,674		—			64,277
General and administrative	—		—		11,475			11,475
Acquisition related costs	504		—		—			504
Total expenses	236,326		21,674		11,475			269,475
Operating income (loss)	55,265		29,918		(11,475		)	73,708
Interest income	—		—		51			51
Interest expense	—		—		(32,714		)	(32,714		)
Equity in earnings of an investee	—		—		76			76
Income (loss) before income taxes	55,265		29,918		(44,062		)	41,121
Income tax expense	—		—		(3,435		)	(3,435		)
Net income (loss)	$	55,265	$	29,918	$	(47,497	)	$	37,686

	For the Six Months Ended June 30, 2012
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	490,053	$	—	$	—		$	490,053
Rental income	44,039		102,909		—			146,948
FF&E reserve income	7,602		—		—			7,602
Total revenues	541,694		102,909		—			644,603
Hotel operating expenses	343,240		—		—			343,240
Depreciation and amortization	82,562		43,078		—			125,640
General and administrative	—		—		21,997			21,997
Acquisition related costs	1,564		—		—			1,564
Loss on asset impairment	889		—		—			889
Total expenses	428,255		43,078		21,997			493,330
Operating income (loss)	113,439		59,831		(21,997		)	151,273
Interest income	—		—		117			117
Interest expense	—		—		(66,806		)	(66,806		)
Equity in earnings of an investee	—		—		121			121
Income (loss) before income taxes	113,439		59,831		(88,565		)	84,705
Income tax expense	—		—		(4,071		)	(4,071		)
Net income (loss)	$	113,439	$	59,831	$	(92,636	)	$	80,634

	As of June 30, 2012
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	3,139,021	$	2,180,258	$	43,700	$	5,362,979

	For the Three Months Ended June 30, 2011
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	230,335	$	—	$	—		$	230,335
Rental income	27,986		50,254		—			78,240
FF&E reserve income	5,234		—		—			5,234
Total revenues	263,555		50,254		—			313,809
Hotel operating expenses	152,814		—		—			152,814
Depreciation and amortization	37,338		20,292		—			57,630
General and administrative	—		—		10,190			10,190
Acquisition related costs	763		—		—			763
Loss on asset impairment	7,263		—		—			7,263
Total expenses	198,178		20,292		10,190			228,660
Operating income (loss)	65,377		29,962		(10,190		)	85,149
Interest income	—		—		14			14
Interest expense	—		—		(33,331		)	(33,331		)
Equity in earnings of an investee	—		—		46			46
Income (loss) before income taxes	65,377		29,962		(43,461		)	51,878
Income tax expense	—		—		(235		)	(235		)
Net income (loss)	$	65,377	$	29,962	$	(43,696	)	$	51,643

	For the Six Months Ended June 30, 2011
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	427,872	$	—	$	—		$	427,872
Rental income	57,687		100,086		—			157,773
FF&E reserve income	10,148		—		—			10,148
Total revenues	495,707		100,086		—			595,793
Hotel operating expenses	282,567		—		—			282,567
Depreciation and amortization	73,801		40,143		—			113,944
General and administrative	—		—		19,454			19,454
Acquisition related costs	763		—		—			763
Loss on asset impairment	7,263		—		—			7,263
Total expenses	364,394		40,143		19,454			423,991
Operating income (loss)	131,313		59,943		(19,454		)	171,802
Interest income	—		—		43			43
Interest expense	—		—		(66,670		)	(66,670		)
Equity in earnings of an investee	—		—		83			83
Income (loss) before income taxes	131,313		59,943		(85,998		)	105,258
Income tax expense	—		—		(567		)	(567		)
Net income (loss)	$	131,313	$	59,943	$	(86,565	)	$	104,691

	As of December 31, 2011
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	2,905,065	$	2,202,199	$	26,309	$	5,133,573