

	For the Three Months Ended September 30, 2016
	Hotels		Travel Centers		Corporate			Consolidated
Revenues:
Hotel operating revenues	$	464,173	$	—	$	—		$	464,173
Rental income	8,412		69,866		—			78,278
FF&E reserve income	1,065		—		—			1,065
Total revenues	473,650		69,866		—			543,516

Expenses:
Hotel operating expenses	322,012		—		—			322,012
Depreciation and amortization	56,397		33,742		—			90,139
General and administrative	—		—		37,739			37,739
Acquisition related costs	156		—		—			156
Total expenses	378,565		33,742		37,739			450,046

Operating income (loss)	95,085		36,124		(37,739		)	93,470

Dividend income	—		—		626			626
Interest income	—		—		89			89
Interest expense	—		—		(41,280		)	(41,280		)
Loss on early extinguishment of debt	—		—		(158		)	(158		)
Income (loss) before income taxes and equity in earnings of an investee	95,085		36,124		(78,462		)	52,747
Income tax expense	—		—		(948		)	(948		)
Equity in earnings of an investee	—		—		13			13
Net income (loss)	$	95,085	$	36,124	$	(79,397	)	$	51,812

	For the Nine Months Ended September 30, 2016
	Hotels		Travel Centers		Corporate			Consolidated
Revenues:
Hotel operating revenues	$	1,332,586	$	—	$	—		$	1,332,586
Rental income	24,880		206,950		—			231,830
FF&E reserve income	3,517		—		—			3,517
Total revenues	1,360,983		206,950		—			1,567,933

Expenses:
Hotel operating expenses	923,239		—		—			923,239
Depreciation and amortization	167,485		98,707		—			266,192
General and administrative	—		—		91,127			91,127
Acquisition related costs	885		—		—			885
Total expenses	1,091,609		98,707		91,127			1,281,443

Operating income (loss)	269,374		108,243		(91,127		)	286,490

Dividend income	—		—		1,375			1,375
Interest income	—		—		227			227
Interest expense	—		—		(124,564		)	(124,564		)
Loss on early extinguishment of debt	—		—		(228		)	(228		)
Income (loss) before income taxes and equity in earnings of an investee	269,374		108,243		(214,317		)	163,300
Income tax expense	—		—		(3,483		)	(3,483		)
Equity in earnings of an investee	—		—		107			107
Net income (loss)	$	269,374	$	108,243	$	(217,693	)	$	159,924

	As of September 30, 2016
	Hotels		Travel Centers		Corporate			Consolidated
Total assets	$	3,965,330	$	2,504,865	$	115,937		$	6,586,132



	For the Three Months Ended September 30, 2015
	Hotels		Travel Centers		Corporate			Consolidated
Revenues:
Hotel operating revenues	$	437,171	$	—	$	—		$	437,171
Rental income	8,199		65,548		—			73,747
FF&E reserve income	968		—		—			968
Total revenues	446,338		65,548		—			511,886

Expenses:
Hotel operating expenses	308,603		—		—			308,603
Depreciation and amortization	54,100		30,161		—			84,261
General and administrative	—		—		19,831			19,831
Acquisition related costs	851		—		—			851
Total expenses	363,554		30,161		19,831			413,546

Operating income (loss)	82,784		35,387		(19,831		)	98,340

Interest income	—		—		11			11
Interest expense	—		—		(36,628		)	(36,628		)
Income (loss) before income taxes and equity in losses of an investee	82,784		35,387		(56,448		)	61,723
Income tax expense	—		—		(514		)	(514		)
Equity in losses of an investee	—		—		(24		)	(24		)
Net income (loss)	$	82,784	$	35,387	$	(56,986	)	$	61,185

	For the Nine Months Ended September 30, 2015
	Hotels		Travel Centers		Corporate			Consolidated
Revenues:
Hotel operating revenues	$	1,243,744	$	—	$	—		$	1,243,744
Rental income	24,339		183,222		—			207,561
FF&E reserve income	3,159		—		—			3,159
Total revenues	1,271,242		183,222		—			1,454,464

Expenses:
Hotel operating expenses	870,689		—		—			870,689
Depreciation and amortization	159,421		84,391		—			243,812
General and administrative	—		—		53,820			53,820
Acquisition related costs	1,986		—		—			1,986
Total expenses	1,032,096		84,391		53,820			1,170,307

Operating income (loss)	239,146		98,831		(53,820		)	284,157

Interest income	—		—		32			32
Interest expense	—		—		(107,918		)	(107,918		)
Income (loss) before income taxes, equity in earnings of an investee and gain on sale of real estate	239,146		98,831		(161,706		)	176,271
Income tax expense	—		—		(1,445		)	(1,445		)
Equity in earnings of an investee	—		—		71			71
Income (loss) before gain on sale of real estate	239,146		98,831		(163,080		)	174,897
Gain on sale of real estate	—		11,015		—			11,015
Net income (loss)	$	239,146	$	109,846	$	(163,080	)	$	185,912

	As of December 31, 2015
	Hotels		Travel Centers		Corporate			Consolidated
Total assets	$	3,892,316	$	2,440,393	$	62,088		$	6,394,797