XML 61 R40.htm IDEA: XBRL DOCUMENT v3.3.1.900
Real Estate Properties (Details)
$ in Thousands
1 Months Ended 12 Months Ended 24 Months Ended
Feb. 01, 2016
USD ($)
room
property
Jan. 06, 2016
USD ($)
item
room
Oct. 30, 2015
USD ($)
Sep. 23, 2015
USD ($)
property
Jul. 23, 2015
USD ($)
state
room
property
Jun. 09, 2015
USD ($)
property
Jun. 01, 2015
USD ($)
property
May. 15, 2015
USD ($)
room
Apr. 28, 2015
USD ($)
Mar. 16, 2015
USD ($)
room
Jun. 30, 2015
property
Dec. 31, 2015
USD ($)
agreement
property
lease
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Dec. 31, 2017
USD ($)
property
Oct. 31, 2015
USD ($)
Real estate properties                                
Number of hotels adjacent to land parcel acquired | property                       1        
Number of properties owned | property                       495        
Number of operating agreements | agreement                       14        
Capital improvements from leased facilities, funded                       $ 180,703 $ 224,621 $ 300,018    
Increase (decrease) in annual minimum returns and rents                       14,691 17,670 27,612    
Gain on sale of real estate                       11,015 130      
Purchase price                       492,924       $ 15,000
Land                       60,858        
Land improvements                       93,327        
Building and improvements                       321,605        
Furniture, fixtures and equipment                       16,873        
Intangible assets                       261        
Asset acquisition                                
Total real estate properties, gross                       8,269,427 7,656,193      
Land                       1,529,004 1,484,210      
Building and improvements                       6,155,650 5,599,957      
Furniture, fixtures and equipment                       584,773 572,026      
Acquisition related costs                       $ 2,375 239 3,273    
Rosemont, IL                                
Real estate properties                                
Number of rooms | room                   300            
Purchase price, business combination                   $ 35,500            
Land                   2,375            
Land improvements                   219            
Building and improvements                   31,182            
Furniture, fixtures and equipment                   1,463            
Intangible assets                   $ 261            
Ft.Lauderdale, FL                                
Real estate properties                                
Payments to Acquire Businesses, Gross                 $ 791              
Land acquired                 174              
Building and improvements, acquired                 617              
Asset acquisition                                
Acquisition related costs                 $ 41              
Denver, Co                                
Real estate properties                                
Number of rooms | room               364                
Purchase price, business combination               $ 77,250                
Land               8,193                
Land improvements               181                
Building and improvements               61,005                
Furniture, fixtures and equipment               $ 7,871                
Various locations acuired in June                                
Real estate properties                                
Payments to Acquire Businesses, Gross             $ 227,877                  
Land acquired             26,286                  
Land improvements, acquired             67,161                  
Building and improvements, acquired             134,388                  
Furniture, fixtures and equipment, acquired             $ 42                  
Various locations acuired in July                                
Real estate properties                                
Purchase price, business combination         $ 85,000                      
Land         13,165                      
Building and improvements         64,338                      
Furniture, fixtures and equipment         $ 7,497                      
Various locations acuired in September                                
Real estate properties                                
Payments to Acquire Businesses, Gross       $ 51,506                        
Land acquired       9,165                        
Land improvements, acquired       21,266                        
Building and improvements, acquired       $ 21,075                        
Waterloo, NY [Member]                                
Real estate properties                                
Payments to Acquire Businesses, Gross     $ 15,000                          
Land acquired     1,500                          
Land improvements, acquired     4,500                          
Building and improvements, acquired     $ 9,000                          
Sonesta ES Suites                                
Real estate properties                                
Number of properties owned | property                       23        
Hotels                                
Real estate properties                                
Minimum remaining term of ground lease                       19 years        
Number of ground leases for which ground rent payable is calculated as a percentage of hotels revenues | lease                       9        
Number of ground leases requiring specified minimum annual rents | lease                       10        
Number of ground leases with prepaid future rent | lease                       2        
Number of hotels leased | property                       14        
Minimum annual rents                       $ 244        
Number of properties owned | property                       302        
Number of operating agreements | agreement                       9        
Hotels | Land Parcel Adjacent                                
Real estate properties                                
Number of properties acquired | property                       11        
Hotels | TA Travel Centers                                
Real estate properties                                
Number of properties acquired and leased back to the acquiree | property       2                        
Hotels | Sonesta ES Suites                                
Real estate properties                                
Number of properties acquired | property         9                      
Number of hotel suites | room         1,095                      
Number of states hotels to be acquired located | state         8                      
Travel centers                                
Real estate properties                                
Number of hotels leased | property                       17        
Minimum annual rents                       $ 459        
Number of properties owned | property                       193        
Number of operating agreements | agreement                       5        
Travel centers | TA Travel Centers                                
Real estate properties                                
Number of properties acquired and leased back to the acquiree | property             14                  
Number of properties where certain assets are leased back to acquiree | property             11       10 11        
Number of properties sold | property           5                    
Number of properties acquired | property                     12 14        
Net proceeds from sale of property           $ 45,042                    
Gain on sale of real estate                       $ 11,015        
Purchase price             $ 279,383                  
Travel centers | Forecast | TA Travel Centers                                
Real estate properties                                
Number of properties acquired and leased back to the acquiree | property                             5  
Purchase price                             $ 118,000  
Hotels and travel centers                                
Real estate properties                                
Capital improvements from leased facilities, funded                       $ 188,002 $ 230,531 $ 346,320    
Minimum | Travel centers                                
Real estate properties                                
Remaining term of ground lease                       1 year        
Maximum | Travel centers                                
Real estate properties                                
Remaining term of ground lease                       40 years        
Subsequent event | Portland Member                                
Real estate properties                                
Number of Hotel to be acquired | item   1                            
Number of rooms | room   221                            
Purchase price   $ 114,000                            
Subsequent event | Cleveland and Westlake, OH [Member]                                
Real estate properties                                
Number of properties acquired | property 2                              
Number of hotel suites | room 262                              
Purchase price $ 12,000