Investment in Nonconsolidated Affiliates (Tables)

6 Months Ended

Jun. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

The investment balance in each nonconsolidated affiliate was as follows (in millions):



Investment	June 30, 2024		December 31, 2023

Investment in Sungenia JV	$	64.3	$	56.8
Investment in GTSC	55.4		60.4
Investment in SV Lift	1.4		1.7
Total	$	121.1	$	118.9

The income / (loss) from each nonconsolidated affiliate is as follows (in millions):


	Three Months Ended				Six Months Ended
Income / (Loss) from Nonconsolidated Affiliates	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
RezPlot Systems LLC equity loss(1)	$	—	$	(0.8)	$	—	$	(2.3)
Sungenia JV equity income	2.3		—		3.2		0.6
GTSC equity income	0.9		0.6		1.8		1.6

SV Lift equity loss	(0.2)		(0.5)		(0.6)		(0.8)
Total Income / (Loss) from Nonconsolidated Affiliates	$	3.0	$	(0.7)	$	4.4	$	(0.9)

(1) Represents an RV reservation software technology company, operating under the Campspot brand, which we invested into in January 2019 and disposed of our ownership interest in December 2023.

The change in the Sungenia JV investment balance is as follows (in millions):


	Six Months Ended		Year Ended
	June 30, 2024		December 31, 2023
Beginning balance	$	56.8	$	44.5
Cumulative translation adjustment	0.4		(0.5)
Contributions	3.9		9.6

Equity earnings	3.2		3.2

Ending Balance	$	64.3	$	56.8

The change in the GTSC investment balance is as follows (in millions):


	Six Months Ended		Year Ended
	June 30, 2024		December 31, 2023
Beginning balance	$	60.4	$	54.5


Contributions	1.4		27.5
Distributions	(13.5)		(20.7)
Equity earnings	1.8		3.3
Fair value adjustment	5.3		(4.2)
Ending Balance	$	55.4	$	60.4