Segment Information

9 Months Ended

Sep. 30, 2013

Segment Information

Segment Information

Note 9.  Segment Information

	For the Three Months Ended September 30, 2013
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	348,908	$	—	$	—		$	348,908
Rental income	8,171		54,560		—			62,731
FF&E reserve income	636		—		—			636
Total revenues	357,715		54,560		—			412,275
Hotel operating expenses	249,862		—		—			249,862
Depreciation and amortization	51,476		24,572		—			76,048
General and administrative	—		—		13,094			13,094
Acquisition related costs	1,090		—		—			1,090
Loss on asset impairment	—		5,837		—			5,837
Total expenses	302,428		30,409		13,094			345,931
Operating income (loss)	55,287		24,151		(13,094		)	66,344
Interest income	—		—		18			18
Interest expense	—		—		(37,986		)	(37,986		)
Equity in earnings of an investee	—		—		64			64
Income (loss) before income taxes	55,287		24,151		(50,998		)	28,440
Income tax expense	—		—		(873		)	(873		)
Net income (loss)	$	55,287	$	24,151	$	(51,871	)	$	27,567
	For the Nine Months Ended September 30, 2013
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	990,436	$	—	$	—		$	990,436
Rental income	24,765		162,034		—			186,799
FF&E reserve income	1,828		—		—			1,828
Total revenues	1,017,029		162,034		—			1,179,063
Hotel operating expenses	705,054		—		—			705,054
Depreciation and amortization	149,703		72,223		—			221,926
General and administrative	—		—		37,156			37,156
Acquisition related costs	3,180		—		—			3,180
Loss on asset impairment	2,171		5,837		—			8,008
Total expenses	860,108		78,060		37,156			975,324
Operating income (loss)	156,921		83,974		(37,156		)	203,739
Interest income	—		—		97			97
Interest expense	—		—		(108,188		)	(108,188		)
Equity in earnings of an investee	—		—		219			219
Income (loss) before income taxes	156,921		83,974		(145,028		)	95,867
Income tax benefit	—		—		4,559			4,559
Net income (loss)	$	156,921	$	83,974	$	(140,469	)	$	100,426
	As of September 30, 2013
	Hotels		Travel Centers		Corporate			Consolidated
Total assets	$	3,651,637	$	2,212,253	$	37,975		$	5,901,865

	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 December 31, 2012
	Hotels		Travel Centers		Corporate			Consolidated
Total assets	$	3,384,221	$	2,209,970	$	40,934		$	5,635,125