v3.26.1
Business Segment Information - Reconciliation of Revenues from Consolidated Hotels to Condensed Combined Consolidated Amounts and Net Loss to Hotel Adjusted EBITDA (Detail) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended 6 Months Ended
May 31, 2025
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   $ 680   $ 672   $ 1,302 $ 1,302
Hotel Adjusted EBITDA   208   191   359 342
Depreciation and amortization expense   (66)   (122)   (130) (191)
Corporate general and administrative expense   (20)   (19)   (38) (37)
Impairment and casualty loss   (22)   0   (27) (70)
Other operating expenses   (22)   (23)   (46) (44)
(Loss) gain on sales of assets, net $ 1 (2)   1   (3) 1
Gain on derecognition of assets   0   16   0 32
Interest income   2   2   3 5
Interest expense   (52)   (53)   (103) (105)
Interest expense associated with hotels in receivership   0   (16)   0 (32)
Equity in earnings from investments in affiliates   1   2   2 2
Income tax expense   (5)   (1)   (6) (2)
Other gain (loss), net   9   (1)   9 1
Other items   (5)   (2)   (6) (6)
Net income (loss)   50 $ 12 (2) $ (57) 62 (59)
Operating Segments              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   656   649   1,254 1,257
Other              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   24   23   48 45
Management fees              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   33   31   63 61
Rooms              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   401   401   757 764
Cost of goods and services sold   104   105   201 205
Food and beverage              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   188   180   370 362
Cost of goods and services sold   125   122   247 245
Ancillary hotel              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   67   68   127 131
Other departmental and support              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   149   152   294 303
Corporate Segment              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   448   458   895 915
Other property segment expenses   37   48   90 101
Corporate Segment | Management fees              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   33   31   63 61
Corporate Segment | Rooms              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   104   105   201 205
Corporate Segment | Food and beverage              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   125   122   247 245
Corporate Segment | Other departmental and support              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   149   152   294 303
Core Hotels              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   378   359   747 717
Other property segment expenses   35   36   75 75
Hotel Adjusted EBITDA   182   166   323 310
Core Hotels | Operating Segments              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   560   525   1,070 1,027
Core Hotels | Management fees              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   29   27   55 52
Core Hotels | Rooms              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   335   316   634 610
Cost of goods and services sold   86   81   166 158
Core Hotels | Food and beverage              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   164   151   321 303
Cost of goods and services sold   108   101   214 203
Core Hotels | Ancillary hotel              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   61   58   115 114
Core Hotels | Other departmental and support              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   120   114   237 229
Non-Core Hotels              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   70   99   148 198
Other property segment expenses   2   12   15 26
Hotel Adjusted EBITDA   26   25   36 32
Non-Core Hotels | Operating Segments              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   96   124   184 230
Non-Core Hotels | Management fees              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   4   4   8 9
Non-Core Hotels | Rooms              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   66   85   123 154
Cost of goods and services sold   18   24   35 47
Non-Core Hotels | Food and beverage              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   24   29   49 59
Cost of goods and services sold   17   21   33 42
Non-Core Hotels | Ancillary hotel              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Total revenues   6   10   12 17
Non-Core Hotels | Other departmental and support              
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]              
Cost of goods and services sold   $ 29   $ 38   $ 57 $ 74