CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Activities:
Net income (loss)	$ 106	$ 173	$ (452)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	287	269	281
(Gain) loss on sale of assets, net	(15)	(13)	5
Gain on derecognition of assets	(221)	0	0
Impairment and casualty loss	204	6	9
Equity in (earnings) losses from investments in affiliates	(11)	(15)	7
Other (gain) loss, net	(2)	(90)	7
Share-based compensation expense	18	17	19
Amortization of deferred financing costs	9	10	12
Distributions from unconsolidated affiliates	10	7	0
Deferred income taxes	14	(2)	(1)
Accounts receivable, net	9	(33)	(70)
Prepaid expenses	(4)	(23)	4
Other assets	18	32	(12)
Accounts payable and accrued expenses	82	44	0
Due to hotel managers	(10)	30	23
Other liabilities	16	(4)	27
Other	(7)	1	4
Net cash provided by (used in) operating activities	503	409	(137)
Investing Activities:
Capital expenditures for property and equipment	(285)	(168)	(54)
Acquisitions, net	(11)	0	0
Proceeds from asset dispositions, net	116	143	454
Proceeds from the sale of investments in affiliates, net	3	101	0
Reduction of restricted cash from derecognition of assets	(30)	0	0
Insurance proceeds for property damage claims	0	0	4
Distributions from unconsolidated affiliates	0	11	0
Contributions to unconsolidated affiliates	(10)	0	(6)
Purchase of investment security, net	0	0	(4)
Net cash (used in) provided by investing activities	(217)	87	394
Financing Activities:
Proceeds from issuance of Senior Notes	0	0	750
Borrowing from credit facilities	0	50	0
Repayments of credit facilities	(50)	(78)	(1,193)
Proceeds from issuance of mortgage debt	0	30	14
Repayments of mortgage debt	(83)	(64)	(20)
Debt issuance costs	(1)	(11)	(15)
Dividends paid	(152)	(7)	0
Distributions to noncontrolling interests, net	(7)	(10)	(6)
Tax withholdings on share-based compensation	(2)	(3)	(5)
Repurchase of common stock	(180)	(227)	0
Net cash used in financing activities	(475)	(320)	(475)
Net (decrease) increase in cash and cash equivalents and restricted cash	(189)	176	(218)
Cash and cash equivalents and restricted cash, beginning of period	939	763	981
Cash and cash equivalents and restricted cash, end of period	$ 750	$ 939	$ 763