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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