Financial Information
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PART II
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
BUSINESS SEGMENTS
We are a diversified global lodging company with operations in three reportable business segments: North American Full-Service, North American Limited-Service, and International. See Footnote 18 “Business Segments” to our Financial Statements for other information about each segment, including revenues and a reconciliation of segment profits to net income.
Properties and Rooms by Segment
At year-end 2016, we operated, franchised, and licensed the following properties by segment and brand:
(1) Other represents unconsolidated equity method investments, which we present in the “Equity in earnings” caption of our Income Statements.