Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Reconciliation of Revenues from Consolidated Hotels to Condensed Combined Consolidated Amounts and Net Loss to Hotel Adjusted EBITDA

The following table presents revenues for our consolidated hotels reconciled to our consolidated amounts and net loss to Hotel Adjusted EBITDA:

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
	(in millions)
Revenues:
Total consolidated hotel revenue	$	311		$	39		$	468		$	619
Other revenues		12			3			20			22
Total revenues	$	323		$	42		$	488		$	641
Net loss	$	(114	)	$	(261	)	$	(305	)	$	(950	)
Other revenues		(12	)		(3	)		(20	)		(22	)
Depreciation and amortization expense		71			75			145			150
Corporate general and administrative expense(1)		16			14			34			28
Impairment loss and casualty gain, net		5			—			5			694
Other operating expenses		13			4			20			25
Gain on sales of assets, net		(6	)		(1	)		(6	)		(63	)
Interest income		—			(1	)		—			(2	)
Interest expense		66			50			129			90
Equity in losses from investments in affiliates		2			8			6			9
Income tax expense		—			3			1			13
Severance expense		—			—			—			2
Other loss, net		2			1			2			3
Other items		(1	)		3			(5	)		6
Hotel Adjusted EBITDA	$	42		$	(108	)	$	6		$	(17	)

(1)        Excludes severance expense.

Schedule of Total Assets by Consolidated Hotels, Reconciled to Total Assets

The following table presents total assets for our consolidated hotels, reconciled to total assets:

	June 30, 2021		December 31, 2020
	(in millions)
Consolidated hotels	$	10,248	$	10,568
All other		18		19
Total assets	$	10,266	$	10,587