Segment Information

6 Months Ended

Jun. 30, 2014

Segment Information

Segment Information

Note 9.  Segment Information

	For the Three Months Ended June 30, 2014
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	387,248	$	—	$	—		$	387,248
Rental income	8,341		55,395		—			63,736
FF&E reserve income	916		—		—			916
Total revenues	396,505		55,395		—			451,900
Hotel operating expenses	270,778		—		—			270,778
Depreciation and amortization	53,362		25,401		—			78,763
General and administrative	—		—		13,166			13,166
Acquisition related costs	162		—		—			162
Total expenses	324,302		25,401		13,166			362,869
Operating income (loss)	72,203		29,994		(13,166		)	89,031
Interest income	—		—		25			25
Interest expense	—		—		(34,941		)	(34,941		)
Income (loss) before income taxes and equity in earnings of an investee	72,203		29,994		(48,082		)	54,115
Income tax expense	—		—		(455		)	(455		)
Equity in earnings of an investee	—		—		125			125
Income before gain on sale of real estate	72,203		29,994		(48,412		)	53,785
Gain on sale of real estate	130		—		—			130
Net income (loss)	$	72,333	$	29,994	$	(48,412	)	$	53,915

	For the Six Months Ended June 30, 2014
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	717,184	$	—	$	—		$	717,184
Rental income	16,444		110,678		—			127,122
FF&E reserve income	1,844		—		—			1,844
Total revenues	735,472		110,678		—			846,150
Hotel operating expenses	501,395		—		—			501,395
Depreciation and amortization	106,378		50,672		—			157,050
General and administrative	—		—		24,631			24,631
Acquisition related costs	223		—		—			223
Total expenses	607,996		50,672		24,631			683,299
Operating income (loss)	127,476		60,006		(24,631		)	162,851
Interest income	—		—		50			50
Interest expense	—		—		(70,309		)	(70,309		)
Loss on early extinguishment of debt	—		—		(214		)	(214		)
Income (loss) before income taxes and equity in earnings of an investee	127,476		60,006		(95,104		)	92,378
Income tax expense	—		—		(1,071		)	(1,071		)
Equity in earnings of an investee	—		—		28			28
Income before gain on sale of real estate	127,476		60,006		(96,147		)	91,335
Gain on sale of real estate	130		—		—			130
Net income (loss)	$	127,606	$	60,006	$	(96,147	)	$	91,465

	As of June 30, 2014
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	3,758,872	$	2,187,657	$	42,396	$	5,988,925

	For the Three Months Ended June 30, 2013
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	349,877	$	—	$	—		$	349,877
Rental income	7,908		53,948		—			61,856
FF&E reserve income	589		—		—			589
Total revenues	358,374		53,948		—			412,322
Hotel operating expenses	248,543		—		—			248,543
Depreciation and amortization	49,550		24,048		—			73,598
General and administrative	—		—		11,918			11,918
Acquisition related costs	1,814		—		—			1,814
Loss on asset impairment	2,171		—		—			2,171
Total expenses	302,078		24,048		11,918			338,044
Operating income (loss)	56,296		29,900		(11,918		)	74,278
Interest income	—		—		60			60
Interest expense	—		—		(35,014		)	(35,014		)
Income (loss) before income taxes and equity in earnings of an investee	56,296		29,900		(46,872		)	39,324
Income tax benefit	—		—		5,950			5,950
Equity in earnings of an investee	—		—		79			79
Net income (loss)	$	56,296	$	29,900	$	(40,843	)	$	45,353

	For the Six Months Ended June 30, 2013
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	641,528	$	—	$	—		$	641,528
Rental income	16,630		107,438		—			124,068
FF&E reserve income	1,192		—		—			1,192
Total revenues	659,350		107,438		—			766,788
Hotel operating expenses	455,192		—		—			455,192
Depreciation and amortization	98,227		47,651		—			145,878
General and administrative	—		—		24,062			24,062
Acquisition related costs	2,090		—		—			2,090
Loss on asset impairment	2,171		—		—			2,171
Total expenses	557,680		47,651		24,062			629,393
Operating income (loss)	101,670		59,787		(24,062		)	137,395
Interest income	—		—		79			79
Interest expense	—		—		(70,202		)	(70,202		)
Income (loss) before income taxes and equity in earnings of an investee	101,670		59,787		(94,185		)	67,272
Income tax benefit	—		—		5,432			5,432
Equity in earnings of an investee	—		—		155			155
Net income (loss)	$	101,670	$	59,787	$	(88,598	)	$	72,859

	As of December 31, 2013
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	3,701,850	$	2,223,337	$	42,357	$	5,967,544