Segment Information (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2014
|
Jun. 30, 2013
|
Jun. 30, 2014
|
Jun. 30, 2013
|
Dec. 31, 2013
|
|
Segment Information | |||||
Hotel operating revenues | $ 387,248 | $ 349,877 | $ 717,184 | $ 641,528 | |
Rental income | 63,736 | 61,856 | 127,122 | 124,068 | |
FF&E reserve income | 916 | 589 | 1,844 | 1,192 | |
Total revenue | 451,900 | 412,322 | 846,150 | 766,788 | |
Hotel operating expenses | 270,778 | 248,543 | 501,395 | 455,192 | |
Depreciation and amortization | 78,763 | 73,598 | 157,050 | 145,878 | |
General and administrative | 13,166 | 11,918 | 24,631 | 24,062 | |
Acquisition related costs | 162 | 1,814 | 223 | 2,090 | |
Loss on asset impairment | 2,171 | 2,171 | |||
Total expenses | 362,869 | 338,044 | 683,299 | 629,393 | |
Operating income (loss) | 89,031 | 74,278 | 162,851 | 137,395 | |
Interest income | 25 | 60 | 50 | 79 | |
Interest expense | (34,941) | (35,014) | (70,309) | (70,202) | |
Loss on early extinguishment of debt | (214) | ||||
Income before income taxes and equity in earnings of an investee | 54,115 | 39,324 | 92,378 | 67,272 | |
Income tax expense | (455) | 5,950 | (1,071) | 5,432 | |
Equity in earnings of an investee | 125 | 79 | 28 | 155 | |
Income before gain on sale of real estate | 53,785 | 45,353 | 91,335 | 72,859 | |
Gain on sale of real estate | 130 | 130 | |||
Net income | 53,915 | 45,353 | 91,465 | 72,859 | |
Total assets | 5,988,925 | 5,988,925 | 5,967,544 | ||
Corporate
|
|||||
Segment Information | |||||
General and administrative | 13,166 | 11,918 | 24,631 | 24,062 | |
Total expenses | 13,166 | 11,918 | 24,631 | 24,062 | |
Operating income (loss) | (13,166) | (11,918) | (24,631) | (24,062) | |
Interest income | 25 | 60 | 50 | 79 | |
Interest expense | (34,941) | (35,014) | (70,309) | (70,202) | |
Loss on early extinguishment of debt | (214) | ||||
Income before income taxes and equity in earnings of an investee | (48,082) | (46,872) | (95,104) | (94,185) | |
Income tax expense | (455) | 5,950 | (1,071) | 5,432 | |
Equity in earnings of an investee | 125 | 79 | 28 | 155 | |
Income before gain on sale of real estate | (48,412) | (96,147) | |||
Net income | (48,412) | (40,843) | (96,147) | (88,598) | |
Total assets | 42,396 | 42,396 | 42,357 | ||
Hotels
|
|||||
Segment Information | |||||
Hotel operating revenues | 387,248 | 349,877 | 717,184 | 641,528 | |
Rental income | 8,341 | 7,908 | 16,444 | 16,630 | |
FF&E reserve income | 916 | 589 | 1,844 | 1,192 | |
Total revenue | 396,505 | 358,374 | 735,472 | 659,350 | |
Hotel operating expenses | 270,778 | 248,543 | 501,395 | 455,192 | |
Depreciation and amortization | 53,362 | 49,550 | 106,378 | 98,227 | |
Acquisition related costs | 162 | 1,814 | 223 | 2,090 | |
Loss on asset impairment | 2,171 | 2,171 | |||
Total expenses | 324,302 | 302,078 | 607,996 | 557,680 | |
Operating income (loss) | 72,203 | 56,296 | 127,476 | 101,670 | |
Income before income taxes and equity in earnings of an investee | 72,203 | 56,296 | 127,476 | 101,670 | |
Income before gain on sale of real estate | 72,203 | 127,476 | |||
Gain on sale of real estate | 130 | 130 | |||
Net income | 72,333 | 56,296 | 127,606 | 101,670 | |
Total assets | 3,758,872 | 3,758,872 | 3,701,850 | ||
Travel Centers
|
|||||
Segment Information | |||||
Rental income | 55,395 | 53,948 | 110,678 | 107,438 | |
Total revenue | 55,395 | 53,948 | 110,678 | 107,438 | |
Depreciation and amortization | 25,401 | 24,048 | 50,672 | 47,651 | |
Total expenses | 25,401 | 24,048 | 50,672 | 47,651 | |
Operating income (loss) | 29,994 | 29,900 | 60,006 | 59,787 | |
Income before income taxes and equity in earnings of an investee | 29,994 | 29,900 | 60,006 | 59,787 | |
Income before gain on sale of real estate | 29,994 | 60,006 | |||
Net income | 29,994 | 29,900 | 60,006 | 59,787 | |
Total assets | $ 2,187,657 | $ 2,187,657 | $ 2,223,337 |