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Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates
 12 Months Ended
Dec. 31, 2023
Consolidated Variable Interest Entities And Investments In Affiliates [Abstract]  
Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates
Consolidated VIEs
We consolidate VIEs that own three hotels in the U.S. We are the primary beneficiary of these VIEs as we have the power to direct the activities that most significantly affect their economic performance. Additionally, we have the obligation to absorb their losses and the right to receive benefits that could be significant to them. The assets of our VIEs are only available to settle the obligations of these entities. Our consolidated balance sheets include the following assets and liabilities of these entities:
December 31,
20232022
(in millions)
Property and equipment, net$209 $208 
Cash and cash equivalents17 21 
Restricted cash2 2 
Accounts receivable, net5 4 
Prepaid expenses3 2 
Debt202 205 
Accounts payable and accrued expenses11 8 
Due to hotel manager2 2 
Other liabilities3 4 
Unconsolidated Entities
Four of our hotels are owned by unconsolidated joint ventures in which we hold an interest. These hotels are accounted for using the equity method and had total debt of approximately $702 million and $721 million as of December 31, 2023 and 2022, respectively. Substantially all the debt is secured solely by the affiliates' assets or is guaranteed by other partners without recourse to us.