Segment Information

3 Months Ended

Mar. 31, 2015

Segment Information

Segment Information

Note 9.  Segment Information

	For the Three Months Ended March 31, 2015
	Hotels		Travel Centers		Corporate		Consolidated
Hotel operating revenues	$	369,596	$	-	$	-	$	369,596
Rental income		8,060		56,691		-		64,751
FF&E reserve income		1,165		-		-		1,165
Total revenues		378,821		56,691		-		435,512
Hotel operating expenses		257,658		-		-		257,658
Depreciation and amortization		52,396		26,573		-		78,969
General and administrative		-		-		21,304		21,304
Acquisition related costs		338		-		-		338
Total expenses		310,392		26,573		21,304		358,269
Operating income (loss)		68,429		30,118		(21,304)		77,243
Interest income		-		-		11		11
Interest expense		-		-		(35,454)		(35,454)
Income (loss) before income taxes and equity in earnings of an investee		68,429		30,118		(56,747)		41,800
Income tax expense		-		-		(291)		(291)
Equity in earnings of an investee		-		-		72		72
Net income (loss)	$	68,429	$	30,118	$	(56,966)	$	41,581
	As of March 31, 2015
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	3,783,819	$	2,205,750	$	42,837	$	6,032,406

	For the Three Months Ended March 31, 2014
	Hotels		Travel Centers		Corporate		Consolidated
Hotel operating revenues	$	329,936	$	-	$	-	$	329,936
Rental income		8,103		55,283		-		63,386
FF&E reserve income		928		-		-		928
Total revenues		338,967		55,283		-		394,250
Hotel operating expenses		230,617		-		-		230,617
Depreciation and amortization		53,016		25,271		-		78,287
General and administrative		-		-		11,465		11,465
Acquisition related costs		61		-		-		61
Total expenses		283,694		25,271		11,465		320,430
Operating income (loss)		55,273		30,012		(11,465)		73,820
Interest income		-		-		25		25
Interest expense		-		-		(34,856)		(34,856)
Loss on early extinguishment of debt						(726)		(726)
Income (loss) before income taxes and equity in losses of an investee		55,273		30,012		(47,022)		38,263
Income tax expense		-		-		(616)		(616)
Equity in losses of an investee		-		-		(97)		(97)
Net income (loss)	$	55,273	$	30,012	$	(47,735)	$	37,550
	As of December 31, 2014
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	3,748,062	$	2,194,682	$	39,818	$	5,982,562