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Segment Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information
Note 13. Segment Information
We aggregate our hotels and net lease portfolio into two reportable segments, hotel investments and net lease investments (previously named travel centers), based on their similar operating and economic characteristics.
For the Year Ended December 31, 2022
HotelsNet LeaseCorporateConsolidated
Revenues:
Hotel operating revenues$1,467,344 $— $— $1,467,344 
Rental income— 395,667 — 395,667 
Total revenues1,467,344 395,667 — 1,863,011 
Expenses:
Hotel operating expenses1,227,357 — — 1,227,357 
Other operating expenses— 13,176 — 13,176 
Depreciation and amortization221,416 179,692 — 401,108 
General and administrative— — 44,404 44,404 
Transaction related costs— — 1,920 1,920 
Loss on asset impairment10,537 452 — 10,989 
Total expenses1,459,310 193,320 46,324 1,698,954 
Gain on sale of real estate, net48,202 (384)— 47,818 
Unrealized (losses) on equity securities— — (8,104)(8,104)
Interest income24 29 3,326 3,379 
Interest expense— — (341,795)(341,795)
Loss on early extinguishment of debt— — (791)(791)
Income (loss) before income taxes and equity in losses of an investee56,260 201,992 (393,688)(135,436)
Income tax benefit— — 199 199 
Equity in earnings of an investee— — 2,856 2,856 
Net income (loss)$56,260 $201,992 $(390,633)$(132,381)
As of December 31, 2022
HotelsNet LeaseCorporateConsolidated
Total assets3,882,701 3,376,295 229,195 7,488,191 
For the Year Ended December 31, 2021
HotelsNet LeaseCorporateConsolidated
Revenues:
Hotel operating revenues$1,104,678 $— $— $1,104,678 
Rental income1,808 389,094 — 390,902 
Total revenues1,106,486 389,094 — 1,495,580 
Expenses:
Hotel operating expenses1,010,737 — — 1,010,737 
Other operating expenses— 15,658 — 15,658 
Depreciation and amortization266,641 219,324 — 485,965 
General and administrative— — 53,439 53,439 
Transaction related costs64,764 — — 64,764 
Loss on asset impairment60,980 17,640 — 78,620 
Total expenses1,403,122 252,622 53,439 1,709,183 
Gain on sale of real estate, net9,558 1,964 — 11,522 
Unrealized gains on equity securities, net— — 22,535 22,535 
Interest income1 — 663 664 
Interest expense— — (365,721)(365,721)
Income (loss) before income taxes and equity in earnings of an investee
(287,077)138,436 (395,962)(544,603)
Income tax benefit— — 941 941 
Equity in losses of an investee— — (941)(941)
Net income (loss)$(287,077)$138,436 $(395,962)$(544,603)
As of December 31, 2021
HotelsNet LeaseCorporateConsolidated
Total assets$4,487,101 $3,580,095 $1,086,119 $9,153,315 
For the Year Ended December 31, 2020
HotelsNet LeaseCorporateConsolidated
Revenues:
Hotel operating revenues$875,098 $— $— $875,098 
Rental income2,472 387,684 — 390,156 
Total revenues877,570 387,684 — 1,265,254 
Expenses:
Hotel operating expenses682,804 — — 682,804 
Other operating expenses— 15,208 — 15,208 
Depreciation and amortization263,673 235,235 — 498,908 
General and administrative— — 50,668 50,668 
Transaction related costs15,100 — — 15,100 
Loss on asset impairment17,131 38,625 — 55,756 
Total expenses978,708 289,068 50,668 1,318,444 
Gain on sale of real estate, net14,927 (12,666)— 2,261 
Gain on insurance settlement62,386 — — 62,386 
Unrealized gains on equity securities— — 19,882 19,882 
Interest income6 — 278 284 
Interest expense— — (306,490)(306,490)
Loss on early extinguishment of debt— — (9,394)(9,394)
Income (loss) before income taxes and equity in losses of an investee(23,819)85,950 (346,392)(284,261)
Income tax benefit— — (17,211)(17,211)
Equity in losses of an investee— — (9,910)(9,910)
Net income (loss)$(23,819)$85,950 $(373,513)$(311,382)
As of December 31, 2020
HotelsNet LeaseCorporateConsolidated
Total assets$4,846,410 $3,721,418 $119,491 $8,687,319