Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Information

Segment Information

	For the Three Months Ended June 30, 2013
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	349,877	$	—	$	—		$	349,877
Rental income	7,908		53,948		—			61,856
FF&E reserve income	589		—		—			589
Total revenues	358,374		53,948		—			412,322
Hotel operating expenses	248,543		—		—			248,543
Depreciation and amortization	49,550		24,048		—			73,598
General and administrative	—		—		11,918			11,918
Acquisition related costs	1,814		—		—			1,814
Loss on asset impairment	2,171		—		—			2,171
Total expenses	302,078		24,048		11,918			338,044
Operating income (loss)	56,296		29,900		(11,918		)	74,278
Interest income	—		—		60			60
Interest expense	—		—		(35,014		)	(35,014		)
Equity in earnings of an investee	—		—		79			79
Income (loss) before income taxes	56,296		29,900		(46,793		)	39,403
Income tax benefit	—		—		5,950			5,950
Net income (loss)	$	56,296	$	29,900	$	(40,843	)	$	45,353

	For the Six Months Ended June 30, 2013
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	641,528	$	—	$	—		$	641,528
Rental income	16,630		107,438		—			124,068
FF&E reserve income	1,192		—		—			1,192
Total revenues	659,350		107,438		—			766,788
Hotel operating expenses	455,192		—		—			455,192
Depreciation and amortization	98,227		47,651		—			145,878
General and administrative	—		—		24,062			24,062
Acquisition related costs	2,090		—		—			2,090
Loss on asset impairment	2,171		—		—			2,171
Total expenses	557,680		47,651		24,062			629,393
Operating income (loss)	101,670		59,787		(24,062		)	137,395
Interest income	—		—		79			79
Interest expense	—		—		(70,202		)	(70,202		)
Equity in earnings of an investee	—		—		155			155
Income (loss) before income taxes	101,670		59,787		(94,030		)	67,427
Income tax benefit	—		—		5,432			5,432
Net income (loss)	$	101,670	$	59,787	$	(88,598	)	$	72,859

	As of June 30, 2013
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	3,591,942	$	2,225,545	$	222,387	$	6,039,874

	For the Three Months Ended June 30, 2012
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	265,068	$	—	$	—		$	265,068
Rental income	22,096		51,592		—			73,688
FF&E reserve income	4,427		—		—			4,427
Total revenues	291,591		51,592		—			343,183
Hotel operating expenses	193,219		—		—			193,219
Depreciation and amortization	42,603		21,674		—			64,277
General and administrative	—		—		11,475			11,475
Acquisition related costs	504		—		—			504
Total expenses	236,326		21,674		11,475			269,475
Operating income (loss)	55,265		29,918		(11,475		)	73,708
Interest income	—		—		51			51
Interest expense	—		—		(32,714		)	(32,714		)
Equity in earnings of an investee	—		—		76			76
Income (loss) before income taxes	55,265		29,918		(44,062		)	41,121
Income tax expense	—		—		(3,435		)	(3,435		)
Net income (loss)	$	55,265	$	29,918	$	(47,497	)	$	37,686

	For the Six Months Ended June 30, 2012
	Hotels		Travel Centers		Corporate			Consolidated
Hotel operating revenues	$	490,053	$	—	$	—		$	490,053
Rental income	44,039		102,909		—			146,948
FF&E reserve income	7,602		—		—			7,602
Total revenues	541,694		102,909		—			644,603
Hotel operating expenses	343,240		—		—			343,240
Depreciation and amortization	82,562		43,078		—			125,640
General and administrative	—		—		21,997			21,997
Acquisition related costs	1,564		—		—			1,564
Loss on asset impairment	889		—		—			889
Total expenses	428,255		43,078		21,997			493,330
Operating income (loss)	113,439		59,831		(21,997		)	151,273
Interest income	—		—		117			117
Interest expense	—		—		(66,806		)	(66,806		)
Equity in earnings of an investee	—		—		121			121
Income (loss) before income taxes	113,439		59,831		(88,565		)	84,705
Income tax expense	—		—		(4,071		)	(4,071		)
Net income (loss)	$	113,439	$	59,831	$	(92,636	)	$	80,634

	As of December 31, 2012
	Hotels		Travel Centers		Corporate		Consolidated
Total assets	$	3,384,221	$	2,209,970	$	40,934	$	5,635,125