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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Revenues $ 2,501 $ 1,362 $ 852
Operating expenses      
Other property-level 223 191 258
Management fees 115 59 30
Casualty and impairment loss, net 6 9 696
Depreciation and amortization 269 281 298
Corporate general and administrative 63 62 63
Acquisition costs 0 0 10
Other 72 49 36
Total expenses 2,218 1,536 2,116
Gain (loss) on sales of assets, net 13 (5) 62
Operating income (loss) 296 (179) (1,202)
Interest income 13 1 2
Interest expense (247) (258) (213)
Equity in earnings (losses) from investments in affiliates 15 (7) (22)
Other gain (loss), net 96 (7) (15)
Income (loss) before income taxes 173 (450) (1,450)
Income tax (expense) benefit 0 (2) 6
Net income (loss) 173 (452) (1,444)
Net (income) loss attributable to noncontrolling interests (11) (7) 4
Net income (loss) attributable to stockholders 162 (459) (1,440)
Other comprehensive income (loss) net of tax expense:      
Currency translation adjustment, net of tax expense of $0 0 0 4
Change in fair value of interest rate swap, net of tax expense of $0 0 2 (5)
Loss from interest rate swap reclassified into earnings 0 2 0
Total other comprehensive income (loss) 0 4 (1)
Comprehensive income (loss) 173 (448) (1,445)
Comprehensive (income) loss attributable to noncontrolling interests (11) (7) 4
Comprehensive income (loss) attributable to stockholders $ 162 $ (455) $ (1,441)
(Loss) Earnings per share:      
Earnings (loss) per share - Basic [1] $ 0.71 $ (1.95) $ (6.11)
Earnings (loss) per share - Diluted [1] $ 0.71 $ (1.95) $ (6.11)
Weighted average shares outstanding - Basic 228 236 236
Weighted average shares outstanding - Diluted 228 236 236
Rooms [Member]      
Revenues      
Revenues $ 1,559 $ 870 $ 526
Operating expenses      
Expenses 408 254 193
Food and Beverage [Member]      
Revenues      
Revenues 606 251 189
Operating expenses      
Expenses 449 208 173
Ancillary Hotel [Member]      
Revenues      
Revenues 261 190 108
Other [Member]      
Revenues      
Revenues 75 51 29
Other Departmental and Support [Member]      
Operating expenses      
Expenses $ 613 $ 423 $ 359
[1] Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.