Maintenance of adequate thermal properties is critical for correct operation of a gas foil bearing. In this work, the authors present the results of the experimentally conducted thermal characterization of a prototype installation of the bearing. A novel method of temperature identification, based on integrated thermocouples readings, has been employed to determine the thermal properties of the specialized sensing top foil mounted in the tested bearing. Two measurement campaigns have been subsequently completed, applying freely-suspended and two-node support configurations, to gather complementary knowledge regarding the bearing’s operation. Apart from the rotational speed and temperature field measurements, the authors have also studied the friction torque and the shaft’s journal trajectories based on its radial displacements. The temporal courses for the above-mentioned quantities have enabled inference on the effects present during run-up, run-out and stable state operation at a constant speed. As confirmed, the applied distribution of the integrated sensors allows for temperature readings on the entire outer surface of the foil, and therefore, provides useful data for the bearing characterization. The work is concluded with presentation of the recommended directions regarding future improvements of the proposed measurement technique and more comprehensive study of the bearing’s characteristics.