Business Segment Information (Tables)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
	(in millions)
Revenues:
Total consolidated hotel revenue	$	408		$	95		$	876		$	714
Other revenues		15			3			35			25
Total revenues	$	423		$	98		$	911		$	739
Net loss	$	(82	)	$	(276	)	$	(387	)	$	(1,226	)
Other revenues		(15	)		(3	)		(35	)		(25	)
Depreciation and amortization expense		68			75			213			225
Corporate general and administrative expense(1)		14			13			48			40
Impairment and casualty loss, net		2			2			7			696
Acquisition costs		—			9			—			10
Other operating expenses		14			6			34			31
Loss (gain) on sales of assets, net		11			1			5			(62	)
Interest income		—			—			—			(2	)
Interest expense		66			59			195			149
Equity in losses from investments in affiliates		—			7			6			16
Income tax (benefit) expense		(3	)		1			(2	)		14
Severance expense		—			24			—			26
Other loss, net		5			3			7			6
Other items		4			3			(1	)		9
Hotel Adjusted EBITDA	$	84		$	(76	)	$	90		$	(93	)

(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:

	September 30, 2021		December 31, 2020
	(in millions)
Consolidated hotels	$	9,775	$	10,568
All other		19		19
Total assets	$	9,794	$	10,587