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Investments in Affiliates (Tables) | 12 Months Ended
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Dec. 31, 2024
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] |
Summary of Investments in Affiliates | We own investments in joint ventures for which the equity method of accounting is used. The debt of our joint ventures, if any, is non-recourse to, and not guaranteed by, us, and a default of such debt does not trigger a default under any of our debt instruments. We carry our investments at historical cost which, due to debt restructurings or distributions, may result in a negative investment balance. However, a negative investment balance does not represent a funding obligation for us or for our partners. Investments in affiliates consist of the following (in millions):
| As of December 31, 2024
| Ownership Interests |  | Our Investment |  | Our Portion of Debt |  | Total Debt |  | Distributions received in 2024 ⁽¹⁾ |  | Assets
Asia/Pacific JV | 25 | % |  | $ | 10 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | A 36% interest in seven hotels and an office building in India
Maui JV | 67 | % |  | 21 |  |  | 13 |  |  | 20 |  |  | 1 |  |  | 131-unit vacation ownership project in Maui, HI
Hyatt Place JV | 50 | % |  | (15) |  |  | 30 |  |  | 60 |  |  | 2 |  |  | One hotel in Nashville, TN
Harbor Beach JV | 49.9 | % |  | (48) |  |  | 78 |  |  | 156 |  |  | 5 |  |  | One hotel in Fort Lauderdale, FL
Philadelphia Marriott Downtown JV | 11 | % |  | (9) |  |  | 23 |  |  | 213 |  |  | 1 |  |  | One hotel in Philadelphia, PA
Noble JV | 21.15 - 49% |  | 170 |  |  | 96 |  |  | 447 |  |  | 10 |  |  | Asset management and general partner of real estate fund; select-service and extended stay hotels in the United States
Fifth Wall Ventures |  |  | 28 |  |  | — |  |  | — |  |  | — |  |  | Real estate industry technology investment
Other investments |  |  | 9 |  |  | — |  |  | — |  |  | — |  |  |
Total |  |  | $ | 166 |  |  | $ | 240 |  |  | $ | 896 |  |  | $ | 19 |  |  |
| As of December 31, 2023
| Ownership Interests |  | Our Investment |  | Our Portion of Debt |  | Total Debt |  | Distributions received in 2023 ⁽¹⁾ |  | Assets
Asia/Pacific JV | 25 | % |  | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | A 36% interest in seven hotels and an office building in India
Maui JV | 67 | % |  | 28 |  |  | 16 |  |  | 23 |  |  | 8 |  |  | 131-unit vacation ownership project in Maui, HI
Hyatt Place JV | 50 | % |  | (15) |  |  | 30 |  |  | 60 |  |  | 2 |  |  | One hotel in Nashville, TN
Harbor Beach JV | 49.9 | % |  | (45) |  |  | 75 |  |  | 150 |  |  | 11 |  |  | One hotel in Fort Lauderdale, FL
Philadelphia Marriott Downtown JV⁽²⁾ | 11 | % |  | (8) |  |  | 23 |  |  | 213 |  |  | 6 |  |  | One hotel in Philadelphia, PA
Noble JV | 21.15 - 49% |  | 121 |  |  | 64 |  |  | 300 |  |  | 7 |  |  | Asset management and general partner of real estate fund; select-service and extended stay hotels in the United States
Fifth Wall Ventures |  |  | 28 |  |  | — |  |  | — |  |  | 2 |  |  | Real estate industry technology investment
Other investments |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  |
Total |  |  | $ | 126 |  |  | $ | 208 |  |  | $ | 746 |  |  | $ | 36 |  |  |
______________ (1)Distributions received were funded by cash from operations unless otherwise noted. (2)Distributions received from Philadelphia Marriott Downtown JV in 2023 include $5 million related to loan refinancing proceeds.

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- Definition Tabular disclosure of investments in and advances to affiliates. Does not include the tabular disclosure of the disaggregation of investments in and advances to affiliates across legal entities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 + Details
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