Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31,
	2023			2022
	(in millions)
Revenues:
Total consolidated hotel revenues	$	628		$	463
Other revenues		20			16
Total revenues	$	648		$	479
Net income (loss)	$	33		$	(56	)
Other revenues		(20	)		(16	)
Depreciation and amortization expense		64			69
Corporate general and administrative expense		16			16
Casualty loss		1			—
Other operating expenses		20			16
Gain on sales of assets, net		(15	)		—
Interest income		(10	)		—
Interest expense		60			62
Equity in earnings from investments in affiliates		(4	)		—
Income tax expense		2			—
Other gain, net		(1	)		(5	)
Other items		6			3
Hotel Adjusted EBITDA	$	152		$	89

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:

	March 31, 2023		December 31, 2022
	(in millions)
Consolidated hotels	$	9,549	$	9,726
All other		4		5
Total assets	$	9,553	$	9,731