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v3.3.0.814

Segment Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014
Segment Information |  |  |  |  |
Hotel operating revenues | $ 437,171 | $ 394,973 | $ 1,243,744 | $ 1,112,157 |
Rental income | 73,747 | 63,837 | 207,561 | 190,959 |
FF&E reserve income | 968 | 829 | 3,159 | 2,673 |
Total revenues | 511,886 | 459,639 | 1,454,464 | 1,305,789 |
Hotel operating expenses | 308,603 | 279,560 | 870,689 | 780,955 |
Depreciation and amortization | 84,261 | 79,649 | 243,812 | 236,699 |
General and administrative | 19,831 | 16,798 | 53,820 | 41,429 |
Acquisition related costs | 851 | 14 | 1,986 | 237 |
Total expenses | 413,546 | 376,021 | 1,170,307 | 1,059,320 |
Operating income (loss) | 98,340 | 83,618 | 284,157 | 246,469 |
Interest income | 11 | 13 | 32 | 63 |
Interest expense | (36,628) | (34,304) | (107,918) | (104,101) |
Loss on early extinguishment of debt |  | (129) |  | (855) |
Income before income taxes, equity in earnings of an investee and gain on sale of real estate | 61,723 | 49,198 | 176,271 | 141,576 |
Income tax benefit | (514) | (39) | (1,445) | (1,110) |
Equity in earnings (losses) of an investee | (24) | 38 | 71 | 66 |
Income before gain on sale of real estate | 61,185 | 49,197 | 174,897 | 140,532 |
Gain on sale of real estate |  |  | 11,015 | 130 |
Net income | 61,185 | 49,197 | 185,912 | 140,662 |
Total assets | 6,494,550 |  | 6,494,550 |  | $ 5,982,562
Corporate |  |  |  |  |
Segment Information |  |  |  |  |
General and administrative | 19,831 | 16,798 | 53,820 | 41,429 |
Total expenses | 19,831 | 16,798 | 53,820 | 41,429 |
Operating income (loss) | (19,831) | (16,798) | (53,820) | (41,429) |
Interest income | 11 | 13 | 32 | 63 |
Interest expense | (36,628) | (34,304) | (107,918) | (104,101) |
Loss on early extinguishment of debt |  | (129) |  | (855) |
Income before income taxes, equity in earnings of an investee and gain on sale of real estate | (56,448) | (51,218) | (161,706) | (146,322) |
Income tax benefit | (514) | (39) | (1,445) | (1,110) |
Equity in earnings (losses) of an investee | (24) | 38 | 71 | 66 |
Income before gain on sale of real estate |  |  | (163,080) | (147,366) |
Net income | (56,986) | (51,219) | (163,080) | (147,366) |
Total assets | 164,884 |  | 164,884 |  | 39,818
Hotels |  |  |  |  |
Segment Information |  |  |  |  |
Hotel operating revenues | 437,171 | 394,973 | 1,243,744 | 1,112,157 |
Rental income |  | 8,088 | 24,339 | 24,532 |
FF&E reserve income | 968 | 829 | 3,159 | 2,673 |
Total revenues | 446,338 | 403,890 | 1,271,242 | 1,139,362 |
Hotel operating expenses | 308,603 | 279,560 | 870,689 | 780,955 |
Depreciation and amortization | 54,100 | 54,024 | 159,421 | 160,402 |
Acquisition related costs | 851 | 14 | 1,986 | 237 |
Total expenses | 363,554 | 333,598 | 1,032,096 | 941,594 |
Operating income (loss) | 82,784 | 70,292 | 239,146 | 197,768 |
Income before income taxes, equity in earnings of an investee and gain on sale of real estate | 82,784 | 70,292 | 239,146 | 197,768 |
Income before gain on sale of real estate |  |  | 239,146 | 197,768 |
Gain on sale of real estate |  |  |  | 130 |
Net income | 82,784 | 70,292 | 239,146 | 197,898 |
Total assets | 3,903,957 |  | 3,903,957 |  | 3,748,062
Travel Centers |  |  |  |  |
Segment Information |  |  |  |  |
Rental income |  | 55,749 | 183,222 | 166,427 |
Total revenues | 65,548 | 55,749 | 183,222 | 166,427 |
Depreciation and amortization | 30,161 | 25,625 | 84,391 | 76,297 |
Total expenses | 30,161 | 25,625 | 84,391 | 76,297 |
Operating income (loss) | 35,387 | 30,124 | 98,831 | 90,130 |
Income before income taxes, equity in earnings of an investee and gain on sale of real estate | 35,387 | 30,124 | 98,831 | 90,130 |
Income before gain on sale of real estate |  |  | 98,831 | 90,130 |
Gain on sale of real estate |  |  | 11,015 |  |
Net income | 35,387 | $ 30,124 | 109,846 | $ 90,130 |
Total assets | $ 2,425,709 |  | $ 2,425,709 |  | $ 2,194,682

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