XML 37 R18.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2017
Segment Reporting [Abstract] |
Segment Information | Note 12. Segment Information We aggregate our hotels and travel centers into two reportable segments, hotel investments and travel center investments, based on their similar operating and economic characteristics.
|  | For the Three Months Ended March 31, 2017
|  | Hotels |  | Travel Centers |  | Corporate |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Hotel operating revenues |  | $ | 407,587 |  |  | $ | — |  |  | $ | — |  |  | $ | 407,587 |
Rental income |  | 8,262 |  |  | 71,526 |  |  | — |  |  | 79,788 |
FF&E reserve income |  | 1,227 |  |  | — |  |  | — |  |  | 1,227 |
Total revenues |  | 417,076 |  |  | 71,526 |  |  | — |  |  | 488,602 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Hotel operating expenses |  | 282,723 |  |  | — |  |  | — |  |  | 282,723 |
Depreciation and amortization |  | 58,104 |  |  | 35,347 |  |  | — |  |  | 93,451 |
General and administrative |  | — |  |  | — |  |  | 32,346 |  |  | 32,346 |
Total expenses |  | 340,827 |  |  | 35,347 |  |  | 32,346 |  |  | 408,520 |
Operating income (loss) |  | 76,249 |  |  | 36,179 |  |  | (32,346 | ) |  | 80,082 |
Dividend income |  | — |  |  | — |  |  | 626 |  |  | 626 |
Interest income |  | — |  |  | — |  |  | 257 |  |  | 257 |
Interest expense |  | — |  |  | — |  |  | (43,566 | ) |  | (43,566 | )
Income (loss) before income taxes and equity in earnings of an investee |  | 76,249 |  |  | 36,179 |  |  | (75,029 | ) |  | 37,399 |
Income tax expense |  | — |  |  | — |  |  | (356 | ) |  | (356 | )
Equity in earnings of an investee |  | — |  |  | — |  |  | 128 |  |  | 128 |
Net income (loss) |  | $ | 76,249 |  |  | $ | 36,179 |  |  | $ | (75,257 | ) |  | $ | 37,171 |
|  | As of March 31, 2017
|  | Hotels |  | Travel Centers |  | Corporate |  | Consolidated
Total assets |  | $ | 4,133,029 |  |  | $ | 2,476,994 |  |  | $ | 179,411 |  |  | $ | 6,789,434 |
|  | For the Three Months Ended March 31, 2016
|  | Hotels |  | Travel Centers |  | Corporate |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Hotel operating revenues |  | $ | 396,503 |  |  | $ | — |  |  | $ | — |  |  | $ | 396,503 |
Rental income |  | 8,142 |  |  | 68,117 |  |  | — |  |  | 76,259 |
FF&E reserve income |  | 1,356 |  |  | — |  |  | — |  |  | 1,356 |
Total revenues |  | 406,001 |  |  | 68,117 |  |  | — |  |  | 474,118 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Hotel operating expenses |  | 276,305 |  |  | — |  |  | — |  |  | 276,305 |
Depreciation and amortization |  | 55,084 |  |  | 32,187 |  |  | — |  |  | 87,271 |
General and administrative |  | — |  |  | — |  |  | 16,023 |  |  | 16,023 |
Acquisition related costs |  | 612 |  |  | — |  |  | — |  |  | 612 |
Total expenses |  | 332,001 |  |  | 32,187 |  |  | 16,023 |  |  | 380,211 |
Operating income (loss) |  | 74,000 |  |  | 35,930 |  |  | (16,023 | ) |  | 93,907 |
Interest income |  | — |  |  | — |  |  | 98 |  |  | 98 |
Interest expense |  | — |  |  | — |  |  | (41,586 | ) |  | (41,586 | )
Loss on early extinguishment of debt |  | — |  |  | — |  |  | (70 | ) |  | (70 | )
Income (loss) before income taxes and equity in losses of an investee |  | 74,000 |  |  | 35,930 |  |  | (57,581 | ) |  | 52,349 |
Income tax expense |  | — |  |  | — |  |  | (375 | ) |  | (375 | )
Equity in earnings of an investee |  | — |  |  | — |  |  | 77 |  |  | 77 |
Net income (loss) |  | $ | 74,000 |  |  | $ | 35,930 |  |  | $ | (57,879 | ) |  | $ | 52,051 |
|  | As of December 31, 2016
|  | Hotels |  | Travel Centers |  | Corporate |  | Consolidated
Total assets |  | $ | 4,005,481 |  |  | $ | 2,483,718 |  |  | $ | 145,029 |  |  | $ | 6,634,228 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration