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Segment Information (Tables)
12 Months Ended
Dec. 31, 2011
Segment Information  
Segment Information

 

 
  For the Year Ended December 31, 2011  
 
  Hotels   Travel
Centers
  Corporate   Consolidated  

Hotel operating revenues

  $ 889,120   $   $   $ 889,120  

Rental income

    101,198     201,505         302,703  

Percentage rent

    1,879             1,879  

FF&E reserve income

    16,631             16,631  
                   

Total revenues

    1,008,828     201,505         1,210,333  

Hotel operating expenses

   
596,616
   
   
   
596,616
 

Depreciation and amortization expense

    146,567     81,775         228,342  

General and administrative expense

            40,963     40,963  

Acquisition related costs

            2,185     2,185  

Loss on asset impairment

    16,384             16,384  
                   

Total expenses

    759,567     81,775     43,148     884,490  

Operating income (loss)

   
249,261
   
119,730
   
(43,148

)
 
325,843
 

Interest income

   
   
   
70
   
70
 

Interest expense

            (134,110 )   (134,110 )

Equity in earnings of an investee

            139     139  
                   

Income (loss) before income taxes

    249,261     119,730     (177,049 )   191,942  

Income tax expense

            (1,502 )   (1,502 )
                   

Net income (loss)

  $ 249,261   $ 119,730   $ (178,551 ) $ 190,440  
                   


 

 
  As of December 31, 2011  
 
  Hotels   Travel
Centers
  Corporate   Consolidated  

Total assets

  $ 2,905,065   $ 2,202,199   $ 26,309   $ 5,133,573  
                   

 
  For the Year Ended December 31, 2010  
 
  Hotels   Travel
Centers
  Corporate   Consolidated  

Hotel operating revenues

  $ 736,363   $   $   $ 736,363  

Rental income

    135,077     190,244         325,321  

Percentage rent

    1,450             1,450  

FF&E reserve income

    22,354             22,354  
                   

Total revenues

    895,244     190,244         1,085,488  

Hotel operating expenses

   
477,595
   
   
   
477,595
 

Depreciation and amortization expense

    157,497     80,592         238,089  

General and administrative expense

            38,961     38,961  

Loss on asset impairment

    163,681             163,681  
                   

Total expenses

    798,773     80,592     38,961     918,326  

Operating income (loss)

   
96,471
   
109,652
   
(38,961

)
 
167,162
 

Interest income

   
   
   
260
   
260
 

Interest expense

            (138,712 )   (138,712 )

Loss on extinguishment of debt

            (6,720 )   (6,720 )

Equity in losses of an investee

            (1 )   (1 )
                   

Income (loss) before income taxes

    96,471     109,652     (184,134 )   21,989  

Income tax expense

            (638 )   (638 )
                   

Net income (loss)

  $ 96,471   $ 109,652   $ (184,772 ) $ 21,351  
                   


 

 
  As of December 31, 2010  
 
  Hotels   Travel
Centers
  Corporate   Consolidated  

Total assets

  $ 2,967,467   $ 2,205,379   $ 19,440   $ 5,192,286  
                   


 

 
  For the Year Ended December 31, 2009  
 
  Hotels   Travel
Centers
  Corporate   Consolidated  

Hotel operating revenues

  $ 715,615   $   $   $ 715,615  

Rental income

    128,984     172,074         301,058  

Percentage rent

    1,426             1,426  

FF&E reserve income

    18,934             18,934  
                   

Total revenues

    864,959     172,074         1,037,033  

Hotel operating expenses

   
460,869
   
   
   
460,869
 

Depreciation and amortization expense

    163,024     82,844         245,868  

General and administrative expense

            39,526     39,526  
                   

Total expenses

    623,893     82,844     39,526     746,263  

Operating income (loss)

   
241,066
   
89,230
   
(39,526

)
 
290,770
 

Interest income

   
   
   
214
   
214
 

Interest expense

            (143,410 )   (143,410 )

Gain on extinguishment of debt

            51,097     51,097  

Equity in losses of an investee

            (134 )   (134 )
                   

Income (loss) before income taxes

    241,066     89,230     (131,759 )   198,537  

Income tax expense

            (5,196 )   (5,196 )
                   

Net income (loss)

  $ 241,066   $ 89,230   $ (136,955 ) $ 193,341  
                   


 

 
  As of December 31, 2009  
 
  Hotels   Travel
Centers
  Corporate   Consolidated  

Total assets

  $ 3,120,593   $ 2,278,942   $ 148,835   $ 5,548,370