Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Segment Information

Segment Information

	For the Three Months Ended September 30, 2012
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	251,722	$	—	$	—		$	251,722
Rental income	22,198		51,717		—			73,915
FF&E reserve income	4,431		—		—			4,431
Total revenues	278,351		51,717		—			330,068
Hotel operating expenses	184,566		—		—			184,566
Depreciation and amortization	44,682		21,884		—			66,566
General and administrative	—		—		10,336			10,336
Acquisition related costs	84		—		—			84
Total expenses	229,332		21,884		10,336			261,552
Operating income (loss)	49,019		29,833		(10,336		)	68,516
Interest income	—		—		116			116
Interest expense	—		—		(34,854		)	(34,854		)
Gain on sale of real estate	10,602		—		—			10,602
Equity in earnings of an investee	—		—		115			115
Income (loss) before income taxes	59,621		29,833		(44,959		)	44,495
Income tax benefit	—		—		163			163
Net income (loss)	$	59,621	$	29,833	$	(44,796	)	$	44,658

	For the Nine Months Ended September 30, 2012
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	741,775	$	—	$	—		$	741,775
Rental income	66,237		154,626		—			220,863
FF&E reserve income	12,033		—		—			12,033
Total revenues	820,045		154,626		—			974,671
Hotel operating expenses	527,806		—		—			527,806
Depreciation and amortization	127,244		64,962		—			192,206
General and administrative	—		—		32,333			32,333
Acquisition related costs	1,648		—		—			1,648
Loss on asset impairment	889		—		—			889
Total expenses	657,587		64,962		32,333			754,882
Operating income (loss)	162,458		89,664		(32,333		)	219,789
Interest income	—		—		233			233
Interest expense	—		—		(101,660		)	(101,660		)
Gain on sale of real estate	10,602		—		—			10,602
Equity in earnings of an investee	—		—		236			236
Income (loss) before income taxes	173,060		89,664		(133,524		)	129,200
Income tax expense	—		—		(3,908		)	(3,908		)
Net income (loss)	$	173,060	$	89,664	$	(137,432	)	$	125,292

	As of September 30, 2012
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	3,144,935	$	2,188,857	$	39,140	$	5,372,932

	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	36,421		20,685		—			57,106
General and administrative	—		—		11,292			11,292
Acquisition related costs	387		—		—			387
Total expenses	205,086		20,685		11,292			237,063
Operating income (loss)	63,006		29,912		(11,292		)	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	63,006		29,912		(44,766		)	48,152
Income tax expense	—		—		(621		)	(621		)
Net income (loss)	$	63,006	$	29,912	$	(45,387	)	$	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	110,222		60,828		—			171,050
General and administrative	—		—		30,746			30,746
Acquisition related costs	1,150		—		—			1,150
Loss on asset impairment	7,263		—		—			7,263
Total expenses	569,480		60,828		30,746			661,054
Operating income (loss)	194,319		89,855		(30,746		)	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	194,319		89,855		(130,764		)	153,410
Income tax expense	—		—		(1,188		)	(1,188		)
Net income (loss)	$	194,319	$	89,855	$	(131,952	)	$	152,222

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