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Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2017
Segment Reporting [Abstract] |
Segment Information | 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 September 30, 2017
|  | Hotels |  | Travel Centers |  | Corporate |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Hotel operating revenues |  | $ | 495,550 |  |  | $ | — |  |  | $ | — |  |  | $ | 495,550 |
Rental income |  | 7,617 |  |  | 73,279 |  |  | — |  |  | 80,896 |
FF&E reserve income |  | 1,142 |  |  | — |  |  | — |  |  | 1,142 |
Total revenues |  | 504,309 |  |  | 73,279 |  |  | — |  |  | 577,588 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Hotel operating expenses |  | 343,274 |  |  | — |  |  | — |  |  | 343,274 |
Depreciation and amortization |  | 61,996 |  |  | 36,209 |  |  | — |  |  | 98,205 |
General and administrative |  | — |  |  | — |  |  | 13,404 |  |  | 13,404 |
Total expenses |  | 405,270 |  |  | 36,209 |  |  | 13,404 |  |  | 454,883 |
Operating income (loss) |  | 99,039 |  |  | 37,070 |  |  | (13,404 | ) |  | 122,705 |
Dividend income |  | — |  |  | — |  |  | 626 |  |  | 626 |
Interest income |  | — |  |  | — |  |  | 211 |  |  | 211 |
Interest expense |  | — |  |  | — |  |  | (46,574 | ) |  | (46,574 | )
Income (loss) before income taxes, equity in earnings of an investee and gain on sale of real estate |  | 99,039 |  |  | 37,070 |  |  | (59,141 | ) |  | 76,968 |
Income tax expense |  | — |  |  | — |  |  | (619 | ) |  | (619 | )
Equity in earnings of an investee |  | — |  |  | — |  |  | 31 |  |  | 31 |
Income (loss) before gain on sale of real estate |  | 99,039 |  |  | 37,070 |  |  | (59,729 | ) |  | 76,380 |
Gain on sale of real estate |  | 9,348 |  |  | — |  |  | — |  |  | 9,348 |
Net income (loss) |  | $ | 108,387 |  |  | $ | 37,070 |  |  | $ | (59,729 | ) |  | $ | 85,728 |
|  | For the Nine Months Ended September 30, 2017
|  | Hotels |  | Travel Centers |  | Corporate |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Hotel operating revenues |  | $ | 1,392,995 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,392,995 |
Rental income |  | 22,854 |  |  | 217,420 |  |  | — |  |  | 240,274 |
FF&E reserve income |  | 3,524 |  |  | — |  |  | — |  |  | 3,524 |
Total revenues |  | 1,419,373 |  |  | 217,420 |  |  | — |  |  | 1,636,793 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Hotel operating expenses |  | 965,546 |  |  | — |  |  | — |  |  | 965,546 |
Depreciation and amortization |  | 179,503 |  |  | 107,308 |  |  | — |  |  | 286,811 |
General and administrative |  | — |  |  | — |  |  | 76,097 |  |  | 76,097 |
Total expenses |  | 1,145,049 |  |  | 107,308 |  |  | 76,097 |  |  | 1,328,454 |
Operating income (loss) |  | 274,324 |  |  | 110,112 |  |  | (76,097 | ) |  | 308,339 |
Dividend income |  | — |  |  | — |  |  | 1,878 |  |  | 1,878 |
Interest income |  | — |  |  | — |  |  | 590 |  |  | 590 |
Interest expense |  | — |  |  | — |  |  | (135,329 | ) |  | (135,329 | )
Income (loss) before income taxes, equity in earnings of an investee and gain on sale of real estate |  | 274,324 |  |  | 110,112 |  |  | (208,958 | ) |  | 175,478 |
Income tax expense |  | — |  |  | — |  |  | (1,761 | ) |  | (1,761 | )
Equity in earnings of an investee |  | — |  |  | — |  |  | 533 |  |  | 533 |
Income (loss) before gain on sale of real estate |  | 274,324 |  |  | 110,112 |  |  | (210,186 | ) |  | 174,250 |
Gain on sale of real estate |  | 9,348 |  |  | — |  |  | — |  |  | 9,348 |
Net income (loss) |  | $ | 283,672 |  |  | $ | 110,112 |  |  | $ | (210,186 | ) |  | $ | 183,598 |
|  | As of September 30, 2017
|  | Hotels |  | Travel Centers |  | Corporate |  | Consolidated
Total assets |  | $ | 4,490,298 |  |  | $ | 2,486,179 |  |  | $ | 167,990 |  |  | $ | 7,144,467 |
|  | For the Three Months Ended September 30, 2016
|  | Hotels |  | Travel Centers |  | Corporate |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Hotel operating revenues |  | $ | 464,981 |  |  | $ | — |  |  | $ | — |  |  | $ | 464,981 |
Rental income |  | 7,604 |  |  | 69,866 |  |  | — |  |  | 77,470 |
FF&E reserve income |  | 1,065 |  |  | — |  |  | — |  |  | 1,065 |
Total revenues |  | 473,650 |  |  | 69,866 |  |  | — |  |  | 543,516 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Hotel operating expenses |  | 322,012 |  |  | — |  |  | — |  |  | 322,012 |
Depreciation and amortization |  | 56,397 |  |  | 33,742 |  |  | — |  |  | 90,139 |
General and administrative |  | — |  |  | — |  |  | 37,739 |  |  | 37,739 |
Acquisition related costs |  | 156 |  |  | — |  |  | — |  |  | 156 |
Total expenses |  | 378,565 |  |  | 33,742 |  |  | 37,739 |  |  | 450,046 |
Operating income (loss) |  | 95,085 |  |  | 36,124 |  |  | (37,739 | ) |  | 93,470 |
Dividend income |  |  |  |  |  |  |  | 626 |  |  | 626 |
Interest income |  | — |  |  | — |  |  | 89 |  |  | 89 |
Interest expense |  | — |  |  | — |  |  | (41,280 | ) |  | (41,280 | )
Loss on early extinguishment of debt |  |  |  |  |  |  |  | (158 | ) |  | (158 | )
Income (loss) before income taxes and equity in earnings of an investee |  | 95,085 |  |  | 36,124 |  |  | (78,462 | ) |  | 52,747 |
Income tax expense |  | — |  |  | — |  |  | (948 | ) |  | (948 | )
Equity in earnings of an investee |  | — |  |  | — |  |  | 13 |  |  | 13 |
Net income (loss) |  | $ | 95,085 |  |  | $ | 36,124 |  |  | $ | (79,397 | ) |  | $ | 51,812 |
|  | For the Nine Months Ended September 30, 2016
|  | Hotels |  | Travel Centers |  | Corporate |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Hotel operating revenues |  | $ | 1,334,656 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,334,656 |
Rental income |  | 22,810 |  |  | 206,950 |  |  | — |  |  | 229,760 |
FF&E reserve income |  | 3,517 |  |  | — |  |  | — |  |  | 3,517 |
Total revenues |  | 1,360,983 |  |  | 206,950 |  |  | — |  |  | 1,567,933 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Hotel operating expenses |  | 923,239 |  |  | — |  |  | — |  |  | 923,239 |
Depreciation and amortization |  | 167,485 |  |  | 98,707 |  |  | — |  |  | 266,192 |
General and administrative |  | — |  |  | — |  |  | 91,127 |  |  | 91,127 |
Acquisition related costs |  | 885 |  |  | — |  |  | — |  |  | 885 |
Total expenses |  | 1,091,609 |  |  | 98,707 |  |  | 91,127 |  |  | 1,281,443 |
Operating income (loss) |  | 269,374 |  |  | 108,243 |  |  | (91,127 | ) |  | 286,490 |
Dividend income |  |  |  |  |  |  |  | 1,375 |  |  | 1,375 |
Interest income |  | — |  |  | — |  |  | 227 |  |  | 227 |
Interest expense |  | — |  |  | — |  |  | (124,564 | ) |  | (124,564 | )
Loss on early extinguishment of debt |  |  |  |  |  |  |  | (228 | ) |  | (228 | )
Income (loss) before income taxes and equity in earnings of an investee |  | 269,374 |  |  | 108,243 |  |  | (214,317 | ) |  | 163,300 |
Income tax expense |  | — |  |  | — |  |  | (3,483 | ) |  | (3,483 | )
Equity in earnings of an investee |  | — |  |  | — |  |  | 107 |  |  | 107 |
Net income (loss) |  | $ | 269,374 |  |  | $ | 108,243 |  |  | $ | (217,693 | ) |  | $ | 159,924 |
|  | As of December 31, 2016
|  | Hotels |  | Travel Centers |  | Corporate |  | Consolidated
Total assets |  | $ | 4,005,481 |  |  | $ | 2,483,718 |  |  | $ | 145,029 |  |  | $ | 6,634,228 |

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- 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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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