Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Reconciliation of Revenues from Consolidated Hotels to Condensed Combined Consolidated Amounts and Net income (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:

	Year Ended December 31,
	2022			2021			2020
	(in millions)
Revenues:
Total consolidated hotel revenue	$	2,426		$	1,311		$	823
Other revenues		75			51			29
Total revenues	$	2,501		$	1,362		$	852
Net income (loss)	$	173		$	(452	)	$	(1,444	)
Other revenues		(75	)		(51	)		(29	)
Casualty and impairment loss, net		6			9			696
Depreciation and amortization expense		269			281			298
Corporate general and administrative expense(1)		63			62			61
Acquisition costs		—			—			10
Other operating expenses		72			49			36
(Gain) loss on sales of assets, net		(13	)		5			(62	)
Interest income		(13	)		(1	)		(2	)
Interest expense		247			258			213
Equity in (earnings) losses from investments in affiliates		(15	)		7			22
Income tax expense (benefit)		—			2			(6	)
Other (gain) loss, net		(96	)		7			15
Severance expense		—			—			33
Other items		12			1			12
Hotel Adjusted EBITDA	$	630		$	177		$	(147	)

(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:

	December 31,
	2022		2021
	(in millions)
Consolidated hotels	$	9,726	$	9,724
All other		5		19
Total assets	$	9,731	$	9,743