Business Segment Information (Tables)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
	(in millions)
Revenues:
Total consolidated hotel revenues	$	643		$	408		$	1,782		$	876
Other revenues		19			15			54			35
Total revenues	$	662		$	423		$	1,836		$	911
Net income (loss)	$	40		$	(82	)	$	138		$	(387	)
Other revenues		(19	)		(15	)		(54	)		(35	)
Depreciation and amortization expense		67			68			204			213
Corporate general and administrative expense		16			14			48			48
Casualty and impairment loss, net		3			2			4			7
Other operating expenses		18			14			52			34
(Gain) loss on sales of assets, net		(14	)		11			(13	)		5
Interest income		(4	)		—			(5	)		—
Interest expense		61			66			185			195
Equity in (earnings) losses from investments in affiliates		(1	)		—			(6	)		6
Income tax benefit		(3	)		(3	)		(2	)		(2	)
Other (gain) loss, net		(1	)		5			(98	)		7
Other items		4			4			11			(1	)
Hotel Adjusted EBITDA	$	167		$	84		$	464		$	90

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, 2022		December 31, 2021
	(in millions)
Consolidated hotels	$	9,778	$	9,724
All other		8		19
Total assets	$	9,786	$	9,743