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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Revenues $ 107,000,000 $ 215,000,000 $ 325,000,000 $ 642,000,000
Operating Expenses:        
Property tax, insurance and other 14,000,000 19,000,000 45,000,000 55,000,000
Management and royalty fees 11,000,000 22,000,000 32,000,000 64,000,000
Corporate general and administrative 7,000,000 9,000,000 21,000,000 31,000,000
Depreciation and amortization 39,000,000 47,000,000 121,000,000 137,000,000
Impairment loss 0 0 54,000,000 0
Gain on sales of real estate (27,000,000) (14,000,000) (59,000,000) (16,000,000)
Gain on casualty (4,000,000) (1,000,000) (7,000,000) (5,000,000)
Total Operating Expenses 112,000,000 215,000,000 437,000,000 653,000,000
Operating Income (Loss) (5,000,000) 0 (112,000,000) (11,000,000)
Other Income (Expense):        
Interest expense (9,000,000) (17,000,000) (35,000,000) (53,000,000)
Other income, net 3,000,000 3,000,000 5,000,000 10,000,000
Total Other Expenses (6,000,000) (14,000,000) (30,000,000) (43,000,000)
Loss before income taxes (11,000,000) (14,000,000) (142,000,000) (54,000,000)
Income tax benefit (expense) 3,000,000 2,000,000 6,000,000 (4,000,000)
Net loss $ (8,000,000) $ (12,000,000) $ (136,000,000) $ (58,000,000)
Weighted average number of shares outstanding, basic and diluted (in shares) 56.7 56.5 56.6 57.4
Loss per share:        
Basic and diluted loss per share (in usd per share) $ (0.14) $ (0.22) $ (2.40) $ (1.02)
Rooms        
Revenues:        
Revenues $ 105,000,000 $ 210,000,000 $ 318,000,000 $ 629,000,000
Operating Expenses:        
Cost of goods and services 52,000,000 99,000,000 171,000,000 294,000,000
Other        
Revenues:        
Revenues 2,000,000 5,000,000 7,000,000 13,000,000
Operating Expenses:        
Cost of goods and services $ 20,000,000 $ 34,000,000 $ 59,000,000 $ 93,000,000