Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

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 income (loss) to Hotel Adjusted EBITDA:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
	(in millions)
Revenues:
Total consolidated hotel revenues	$	676		$	311		$	1,139		$	468
Other revenues		19			12			35			20
Total revenues	$	695		$	323		$	1,174		$	488
Net income (loss)	$	154		$	(114	)	$	98		$	(305	)
Other revenues		(19	)		(12	)		(35	)		(20	)
Depreciation and amortization expense		68			71			137			145
Corporate general and administrative expense		16			16			32			34
Casualty and impairment loss, net		1			5			1			5
Other operating expenses		18			13			34			20
Loss (gain) on sales of assets, net		1			(6	)		1			(6	)
Interest income		(1	)		—			(1	)		—
Interest expense		62			66			124			129
Equity in (earnings) losses from investments in affiliates		(5	)		2			(5	)		6
Income tax expense		1			—			1			1
Other (gain) loss, net		(92	)		2			(97	)		2
Other items		4			(1	)		7			(5	)
Hotel Adjusted EBITDA	$	208		$	42		$	297		$	6

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, 2022		December 31, 2021
	(in millions)
Consolidated hotels	$	9,693	$	9,724
All other		8		19
Total assets	$	9,701	$	9,743