Segment Information

6 Months Ended

Jun. 30, 2015

Segment Information

Segment Information

Note 9.  Segment Information

	For the Three Months Ended June 30, 2015
	Hotels		Travel Centers		Corporate		Consolidated
Hotel operating revenues	$	436,977	$	-	$	-	$	436,977
Minimum rent		8,179		58,836		-		67,015
Percentage rent		-		2,048		-		2,048
FF&E reserve income		1,026		-		-		1,026
Total revenues		446,182		60,884		-		507,066
Hotel operating expenses		304,428		-		-		304,428
Depreciation and amortization		52,924		27,658		-		80,582
General and administrative		-		-		12,685		12,685
Acquisition related costs		797		-		-		797
Total expenses		358,149		27,658		12,685		398,492
Operating income (loss)		88,033		33,226		(12,685)		108,574
Interest income		-		-		10		10
Interest expense		-		-		(35,836)		(35,836)
Income (loss) before income taxes, equity in earnings of an investee and gain on sale of real estate		88,033		33,226		(48,511)		72,748
Income tax expense		-		-		(640)		(640)
Equity in earnings of an investee		-		-		23		23
Income (loss) before gain on sale of real estate		88,033		33,226		(49,128)		72,131
Gain on sale of real estate		-		11,015		-		11,015
Net income (loss)	$	88,033	$	44,241	$	(49,128)	$	83,146
	For the Six Months Ended June 30, 2015
	Hotels		Travel Centers		Corporate		Consolidated
Hotel operating revenues	$	806,573	$	-	$	-	$	806,573
Minimum rent		16,140		115,626		-		131,766
Percentage rent		-		2,048		-		2,048
FF&E reserve income		2,191		-		-		2,191
Total revenues		824,904		117,674		-		942,578
Hotel operating expenses		562,086		-		-		562,086
Depreciation and amortization		105,321		54,230		-		159,551
General and administrative		-		-		33,989		33,989
Acquisition related costs		1,135		-		-		1,135
Total expenses		668,542		54,230		33,989		756,761
Operating income (loss)		156,362		63,444		(33,989)		185,817
Interest income		-		-		21		21
Interest expense		-		-		(71,290)		(71,290)
Income (loss) before income taxes, equity in earnings of an investee and gain on sale of real estate		156,362		63,444		(105,258)		114,548
Income tax expense		-		-		(931)		(931)
Equity in earnings of an investee		-		-		95		95
Income (loss) before gain on sale of real estate		156,362		63,444		(106,094)		113,712
Gain on sale of real estate		-		11,015		-		11,015
Net income (loss)	$	156,362	$	74,459	$	(106,094)	$	124,727
	As of June 30, 2015
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	3,838,060	$	2,386,326	$	176,762	$	6,401,148

	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, equity in earnings of an investee and gain on sale of real estate		72,203		29,994		(48,082)		54,115
Income tax expense		-		-		(455)		(455)
Equity in earnings of an investee		-		-		125		125
Income (loss) 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
Minimum rent		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		-		-		(69,797)		(69,797)
Loss on early extinguishment of debt		-		-		(726)		(726)
Income (loss) before income taxes, equity in earnings of an investee and gain on sale of real estate		127,476		60,006		(95,104)		92,378
Income tax expense		-		-		(1,071)		(1,071)
Equity in earnings of an investee		-		-		28		28
Income (loss) 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 December 31, 2014
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	3,748,062	$	2,194,682	$	39,818	$	5,982,562