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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Total revenues $ 648 $ 479
Operating expenses    
Other property-level 60 50
Management fees 30 22
Casualty loss 1 0
Depreciation and amortization 64 69
Corporate general and administrative 16 16
Other 20 16
Total expenses 583 478
Gain on sales of assets, net 15 0
Operating income 80 1
Interest income 10 0
Interest expense (60) (62)
Equity in earnings from investments in affiliates 4 0
Other gain, net 1 5
Income (loss) before income taxes 35 (56)
Income tax expense 2 0
Net income (loss) 33 (56)
Net income attributable to noncontrolling interests 0 (1)
Net income (loss) attributable to stockholders $ 33 $ (57)
Earnings (loss) per share:    
Earnings (loss) per share - Basic [1] $ 0.15 $ (0.24)
Earnings (loss) per share - Diluted [1] $ 0.15 $ (0.24)
Weighted average shares outstanding - Basic 220 235
Weighted average shares outstanding - Diluted 221 235
Rooms [Member]    
Revenues    
Total revenues $ 382 $ 292
Operating expenses    
Expenses 107 85
Food and Beverage [Member]    
Revenues    
Total revenues 181 110
Operating expenses    
Expenses 127 87
Ancillary Hotel [Member]    
Revenues    
Total revenues 65 61
Other [Member]    
Revenues    
Total revenues 20 16
Other Departmental and Support [Member]    
Operating expenses    
Expenses $ 158 $ 133
[1] Per share amounts are calculated based on unrounded numbers.