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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Hotel operating revenues $ 291,651 $ 224,985
Rental income 62,212 73,260
FF&E reserve income 603 3,175
Total revenues 354,466 301,420
Expenses:    
Hotel operating expenses 206,649 150,021
Depreciation and amortization 72,280 61,363
General and administrative 12,144 10,522
Acquisition related costs 276 1,060
Loss on asset impairment   889
Total expenses 291,349 223,855
Operating income 63,117 77,565
Interest income 19 66
Interest expense (including amortization of deferred financing costs and debt discounts of $1,512 and $1,578, respectively) (35,188) (34,092)
Equity in earnings of an investee 76 45
Income before income taxes 28,024 43,584
Income tax expense (518) (636)
Net income 27,506 42,948
Excess of liquidation preference over carrying value of preferred shares redeemed   (2,944)
Preferred distributions (8,097) (11,188)
Net income available for common shareholders 19,409 28,816
Net income 27,506 42,948
Other comprehensive income (loss):    
Unrealized gain on TravelCenters of America common shares 12,420 5,308
Equity interest in investee's unrealized losses (8) (1)
Other comprehensive income 12,412 5,307
Comprehensive income $ 39,918 $ 48,255
Weighted average common shares outstanding (in shares) 125,426 123,523
Basic and diluted net income available for common shareholders per common share (in dollars per share) $ 0.15 $ 0.23