Investments in Affiliates (Tables)

12 Months Ended

Dec. 31, 2022

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Summary of Investments in Affiliates

We own investments in joint ventures for which the equity method of accounting is used. The debt of our joint ventures, if any, is non-recourse to, and not guaranteed by, us, and a default of such debt does not trigger a default under any of our debt instruments. We carry our investments at historical cost which, due to debt restructurings or distributions, may result in a negative investment balance. However, a negative investment balance does not represent a funding obligation for us or for our partners. Investments in affiliates consist of the following (in millions):

	As of December 31, 2022
	Ownership Interests			Our Investment			Our Portion of Debt		Total Debt		Distributions received in 2022 ⁽¹⁾		Assets
Asia/Pacific JV		25	%	$	8		$	—	$	—	$	—	A 36% interest in seven hotels and an office building in India
Maui JV		67	%		38			16		24		11	131-unit vacation ownership project in Maui, HI
Hyatt Place JV		50	%		(15	)		30		60		5	One hotel in Nashville, TN
Harbor Beach JV		49.9	%		(39	)		75		150		8	One hotel in Fort Lauderdale, FL
Philadelphia Marriott Downtown JV		11	%		(6	)		21		195		—	One hotel in Philadelphia, PA
Noble JV	19 - 49%				107			63		329		3	Asset management and general partner of real estate fund; select-service and extended stay hotels in the United States
Fifth Wall Ventures					31			—		—		3	Real estate industry technology investment
Other investments					8			—		—		—
Total				$	132		$	205	$	758	$	30

	As of December 31, 2021
	Ownership Interests			Our Investment			Our Portion of Debt		Total Debt		Distributions received in 2021 ⁽¹⁾		Assets
Asia/Pacific JV		25	%	$	7		$	—	$	—	$	—	A 36% interest in seven hotels and an office building in India
Maui JV		67	%		44			17		25		10	131-unit vacation ownership project in Maui, HI
Hyatt Place JV		50	%		(11	)		30		60		—	One hotel in Nashville, TN
Harbor Beach JV		49.9	%		(39	)		75		150		6	One hotel in Fort Lauderdale, FL
Philadelphia Marriott Downtown JV		11	%		(7	)		22		201		—	One hotel in Philadelphia, PA
Fifth Wall Ventures					42			—		—		5	Real estate industry technology investment
Other investments					6			—		—		—
Total				$	42		$	144	$	436	$	21

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(1)Distributions received were funded by cash from operations unless otherwise noted.