Three Times The Hobbit?

[Tuor in Gondolin]

Well, I'll play the 3 Hobbits game (although given PJ and
friends abysmal rewriting in TTT and RoTK) there will
probably be many foolish improvs.

Part 1- ends with Thorin and Co. entering Mirkwood and Gandalf
riding off to join the attack (another PJ extravaganza) of the
White Council. Meeting of the White Council spliced in (this could
get interesting if the implied interactions of Gandalf, Saruman, and Galadriel
in the book are handled well).

Part 2-Mirkwood to the Death of Smaug, with orcs, elves, and Laketowners
shown converging on Erebor with they and the dwarves beginning to lay
out their conflicting claims, and Gandalf racing up to meet them.

Part 3- The rest of the book, with an allusion to The Scouring of the Shire,
with Bilbo straightening out the mess at Bagend. Then Bilbo recounting to
a tweenage Frodo the tale and instructing Sam in his letters (generally to
the Gaffer's disapproval).