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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 72,000,000 $ 219,000,000 $ 218,000,000 $ 427,000,000
Operating Expenses:        
Property tax, insurance and other 15,000,000 19,000,000 31,000,000 36,000,000
Management and royalty fees 7,000,000 21,000,000 21,000,000 42,000,000
Corporate general and administrative 6,000,000 14,000,000 14,000,000 22,000,000
Depreciation and amortization 42,000,000 46,000,000 82,000,000 90,000,000
Impairment loss 52,000,000 0 54,000,000 0
Gain on sales of real estate (9,000,000) (2,000,000) (32,000,000) (2,000,000)
Gain on casualty (1,000,000) (4,000,000) (3,000,000) (4,000,000)
Total Operating Expenses 167,000,000 224,000,000 325,000,000 438,000,000
Operating Loss (95,000,000) (5,000,000) (107,000,000) (11,000,000)
Other Income (Expense):        
Interest expense (12,000,000) (18,000,000) (26,000,000) (36,000,000)
Other income (expense), net (1,000,000) 5,000,000 2,000,000 7,000,000
Total Other Expenses (13,000,000) (13,000,000) (24,000,000) (29,000,000)
Loss before income taxes (108,000,000) (18,000,000) (131,000,000) (40,000,000)
Income tax benefit (expense) 1,000,000 (1,000,000) 3,000,000 (6,000,000)
Net loss $ (107,000,000) $ (19,000,000) $ (128,000,000) $ (46,000,000)
Weighted average number of shares outstanding, basic and diluted (in shares) 56.6 57.0 56.6 57.8
Loss per share:        
Basic and diluted earnings (loss) per share (in usd per share) $ (1.89) $ (0.32) $ (2.26) $ (0.80)
Rooms        
Revenues:        
Revenues $ 70,000,000 $ 215,000,000 $ 213,000,000 $ 419,000,000
Operating Expenses:        
Cost of goods and services 40,000,000 102,000,000 119,000,000 195,000,000
Other        
Revenues:        
Revenues 2,000,000 4,000,000 5,000,000 8,000,000
Operating Expenses:        
Cost of goods and services $ 15,000,000 $ 28,000,000 $ 39,000,000 $ 59,000,000