Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

TRS Holdings and Observatory TRS are taxable entities and their consolidated provision for income taxes consisted of the following for the year ended December 31, 2014 and the period October 7, 2013 through December 31, 2013 (amounts in thousands):

	December 31, 2014			Period from October 7, 2013 through December 31, 2013
Current:
Federal	$	(3,253	)	$	844
State and local	(1,792		)	281
Total current	(5,045		)	1,125
Deferred:
Federal	247			—
State and local	143			—
Total deferred	390			—
Income tax (expense) benefit	$	(4,655	)	$	1,125