v3.26.1
Revenue
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Substantially all our operating results represent revenues and expenses generated by property-level operations. Payments are due from customers when services are provided to them. Due to the short-term nature of our contracts and the almost concurrent receipt of payment, we have no material unearned revenue at quarter end. We collect sales, use, occupancy and similar taxes from our customers, which we present on a net basis (excluded from revenues) on our statements of operations.
Disaggregation of Revenues. While we do not consider the following disclosure of hotel revenues by location to consist of reportable segments, we have disaggregated hotel revenues by market location. Our revenues also are presented by country in Note 9 – Geographic and Business Segment Information.
By Location. The following table presents hotel revenues for each of the geographic locations in our consolidated hotel portfolio (in millions):
Quarter ended June 30,Year-to-date ended June 30,
Location2026202520262025
Florida Gulf Coast$136 $122 $319 $276 
San Diego134 134 271 263 
New York142 134 244 228 
San Francisco/San Jose106 101 236 208 
Maui115 104 229 216 
Phoenix94 92 224 216 
Orlando77 132 197 277 
Miami77 71 180 160 
Washington, D.C. (Central Business District)96 94 169 188 
Oahu55 49 101 99 
Jacksonville45 45 85 78 
Boston49 46 79 76 
Los Angeles/Orange County36 35 72 70 
Chicago49 43 69 64 
Houston32 36 68 78 
San Antonio32 31 68 65 
Nashville35 34 64 63 
Northern Virginia28 25 52 49 
New Orleans25 27 51 60 
Seattle30 32 50 51 
Denver27 28 47 47 
Austin23 14 46 37 
Philadelphia26 24 45 43 
Atlanta20 19 40 38 
Other68 85 148 183 
Domestic1,557 1,557 3,154 3,133 
International30 29 52 47 
Total $1,587 $1,586 $3,206 $3,180