Park Hotels & Resorts (PK) 10-K 1 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Feb. 26, 2018	Jun. 30, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	PK
Entity Registrant Name	Park Hotels & Resorts Inc.
Entity Central Index Key	1,617,406
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		215,131,460
Entity Public Float			$ 3,863

Combined Consolidated Balance S

Combined Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2017		Dec. 31, 2016
ASSETS
Property and equipment, net	$ 8,311	[1]	$ 8,541
Assets held for sale, net	37
Investments in affiliates	84		81
Goodwill	606		604
Intangibles, net	41		44
Cash and cash equivalents	364		337
Restricted cash	15		13
Accounts receivable, net of allowance for doubtful accounts of $1 and $2	125		130
Prepaid expenses	48		58
Other assets	83		26
TOTAL ASSETS (variable interest entities - $245 and $239)	9,714		9,834
Liabilities
Debt	2,961		3,012
Accounts payable and accrued expenses	215		167
Due to hotel manager	141		91
Due to Hilton Grand Vacations	138		210
Deferred income tax liabilities	65		2,437
Other liabilities	232		94
Total liabilities (variable interest entities - $222 and $262)	3,752		6,011
Commitments and contingencies - refer to Note 17
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 214,873,778 shares issued and 214,845,244 shares outstanding as of December 31, 2017	2
Additional paid-in capital	3,825
Retained earnings	2,229
Accumulated other comprehensive loss	(45)		(67)
Net Parent investment			3,939
Total stockholders' equity	6,011		3,872
Noncontrolling interests	(49)		(49)
Total equity	5,962		3,823
TOTAL LIABILITIES AND EQUITY	$ 9,714		$ 9,834
[1]	Excludes $31 million of property and equipment, net classified as held for sale as of December 31, 2017.

Combined Consolidated Balance 3

Combined Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 1	$ 2
Variable interest entities - assets	245	239
Variable interest entities - liabilities	$ 222	$ 262
Common stock, par value (per share)	$ 0.01
Common stock, authorized shares	6,000,000,000
Common stock, issued shares	214,873,778
Common stock, outstanding shares	214,845,244

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015
Revenues
Rooms		$ 1,794		$ 1,795		$ 1,783
Food and beverage		739		719		691
Ancillary hotel		194		190		194
Other		64		23		20
Total revenues		2,791		2,727		2,688
Operating expenses
Rooms		466		464		454
Food and beverage		511		503		487
Other departmental and support		671		665		649
Other property-level		187		181		180
Management and franchise fees		141		91		89
Casualty and impairment loss, net		26		15
Depreciation and amortization		288		300		287
Corporate general and administrative		68		71		83
Other		63		19		16
Total expenses		2,421		2,309		2,245
Gain on sale of assets, net		1		1		143
Operating income		371		419		586
Interest income		2		2		1
Interest expense		(124)		(181)		(186)
Equity in earnings from investments in affiliates		40		3		22
(Loss) gain on foreign currency transactions		(4)		3
Other loss, net				(25)		(6)
Income before income taxes		285		221		417
Income tax benefit (expense)		2,346		(82)		(118)
Net income		2,631		139		299
Net income attributable to noncontrolling interests		(6)		(6)		(7)
Net income attributable to stockholders	[1]	2,625		133	[2]	292	[2]
Other comprehensive loss, net of tax expense:
Currency translation adjustment, net of tax of $0, $(4) and $13		22		(7)		(12)
Total other comprehensive income (loss)		22		(7)		(12)
Comprehensive income		2,653		132		287
Comprehensive income attributable to noncontrolling interests		(6)		(6)		(7)
Comprehensive income attributable to stockholders		$ 2,647		$ 126		$ 280
Earnings per share:
Earnings per share - Basic	[4]	$ 12.38	[3]	$ 0.67	[2],[5]	$ 1.48	[2]
Earnings per share - Diluted	[4]	$ 12.21	[3]	$ 0.67	[2],[5]	$ 1.48	[2]
Weighted Average shares outstanding - Basic		211		198	[2]	198	[2]
Weighted Average shares outstanding - Diluted		214		198	[2]	198	[2]
Dividends declared per common share		$ 1.84
[1]	Includes the derecognition and remeasurement of deferred tax assets and liabilities for the year ended December 31, 2017 of $2,347 million associated with our intent to be taxed as a REIT.
[2]	For 2016 and 2015, basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off.
[3]	Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented, therefore, the sum of the quarterly EPS does not equal the EPS for the full year.
[4]	Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.
[5]	Basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off. Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.

Consolidated Statements of Com5

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ (4)	$ 13

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Activities:
Net income	$ 2,631	$ 139	$ 299
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	288	300	287
Casualty and impairment loss, net	16	15
Gain on sale of assets, net	(1)	(1)	(143)
Equity in earnings from investments in affiliates	(40)	(3)	(22)
Loss (gain) on foreign currency transactions	4	(3)
Other loss, net		25	6
Share-based compensation expense	14
Amortization of deferred financing costs	5	11	11
Distributions from unconsolidated affiliates	19	19	27
Deferred income taxes	(2,378)	(66)	(7)
Changes in operating assets and liabilities:
Accounts receivable, net	4	(9)	(25)
Accounts payable and accrued expenses	20	(1)	(16)
Due to hotel manager	50	(18)	15
Other	21	(9)	87
Net cash provided by operating activities	653	399	519
Investing Activities:
Capital expenditures for property and equipment	(185)	(227)	(226)
Acquisitions, net of cash and restricted cash acquired			(1,402)
Insurance proceeds for property damage claims	2
Investments in affiliates	(1)		(1)
Distributions from unconsolidated affiliates	19	3	15
Proceeds from asset dispositions			1,866
Net cash (used in) provided by investing activities	(165)	(224)	252
Financing Activities:
Borrowings		2,915	271
Repayment of debt	(55)	(3,680)	(883)
Debt issuance costs		(21)
Dividends paid	(386)	(180)	(81)
Distributions to noncontrolling interests	(6)	(32)	(7)
Tax withholdings on share-based compensation	(3)
Contribution from Parent		987
Net transfers (to) from Parent	(9)	40	3
Net cash (used in) provided by financing activities	(459)	29	(697)
Effect of exchange rate changes on cash and cash equivalents and restricted cash		2	(4)
Net increase in cash and cash equivalents and restricted cash	29	206	70
Cash and cash equivalents and restricted cash, beginning of period	350	144	74
Cash and cash equivalents and restricted cash, end of period	$ 379	$ 350	$ 144

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock [member]	Additional Paid-in Capital [member]	Retained Earnings [member]	Accumulated Other Comprehensive Loss [member]	Net Parent Investment [Member]	Non-Controlling Interests [member]
Balance at Dec. 31, 2014	$ 2,593				$ (51)	$ 2,668	$ (24)
Net income	299					292	7
Other comprehensive income (loss)	(12)				(12)
Net transfers (to) from Parent	3					3
Capital contribution from Parent	2					2
Cash dividends paid to Parent	(81)					(81)
Distributions to noncontrolling interests	(7)						(7)
Balance at Dec. 31, 2015	2,797				(63)	2,884	(24)
Net income	139					133	6
Other comprehensive income (loss)	(7)				(7)
Net transfers (to) from Parent	40					40
Capital contribution from Parent	337					337
Cash contribution from Parent	987					987
Distribution to Parent	(256)				3	(259)
Cash dividends paid to Parent	(180)					(180)
Distributions to noncontrolling interests	(32)						(32)
Cumulative effect of the adoptionof ASU 2015-02	(2)					(3)	1
Balance at Dec. 31, 2016	3,823				(67)	3,939	(49)
Net income	2,631			$ 2,625			6
Other comprehensive income (loss)	22				22
Net transfers (to) from Parent	(13)					(13)
Issuance of common stock and reclassification of former Parent investment		$ 2	$ 3,924			(3,926)
Issuance of common stock and reclassification of former Parent investment (shares)		198,000,000
Share-based compensation	11		11
Share-based compensation (Shares)		1,000,000
Dividends and dividend equivalents	(506)		(110)	(396)
Dividends and dividend equivalents (Shares)		16,000,000
Distributions to noncontrolling interests	(6)						(6)
Balance at Dec. 31, 2017	$ 5,962	$ 2	$ 3,825	$ 2,229	$ (45)	$ 0	$ (49)
Balance (shares) at Dec. 31, 2017	214,845,244	215,000,000

Organization

Organization	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Organization	Note 1: Organization Park Hotels & Resorts Inc. (“we,” “us,” “our” or the “Company”) was formed as a Delaware corporation that owns a portfolio of premium-branded hotels and resorts located in prime United States (“U.S.”) and international markets. On January 3, 2017, Hilton Worldwide Holdings Inc. (“Hilton” or “Parent”) completed the spin-off of a portfolio of hotels and resorts that established Park Hotels & Resorts Inc. as an independent, publicly traded company. The spin-off transaction, which was effected through a pro rata distribution of Park Hotels & Resorts Inc. stock to existing Hilton stockholders, was intended to be tax-free to both Hilton and Hilton’s stockholders. As a result of the spin-off, each holder of Hilton common stock on the record date of December 15, 2016 received one share of our common stock for every five shares of Hilton common stock owned. For U.S. federal income tax purposes, we intend to elect to be taxed as a real estate investment trust (“REIT”), effective January 4, 2017. We are currently, and expect to continue to be, organized and operate in a REIT qualified manner. From the spin-off date, Park Intermediate Holdings LLC (our “Operating Company”), directly or indirectly, holds all of our assets and conducts all of our operations. We own 100% of the interests in our Operating Company.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Note 2: Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation Principles of Combination and Consolidation Subsequent to January 3, 2017, the consolidated financial statements include the accounts of the Company, our wholly owned subsidiaries and entities in which we have a controlling financial interest, including variable interest entities (“VIEs”) where we are the primary beneficiary. The pre-spin consolidated financial statements through January 3, 2017 represent the financial position and results of operations of entities held by us after the spin-off that had historically been under common control of the Parent. The pre-spin consolidated financial statements were prepared on a carve-out basis and reflect significant assumptions and allocations. The consolidated financial statements reflect our financial position, results of operations and cash flows, in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). All significant intercompany transactions and balances within these consolidated financial statements have been eliminated. On October 24, 2007, a predecessor to Hilton became a wholly owned subsidiary of an affiliate of The Blackstone Group L.P. (“Blackstone”) following the completion of a merger (“Merger”). Our consolidated financial statements reflect adjustments made as a result of applying push down accounting at the time of the Merger. The Company’s consolidated financial statements include certain assets and liabilities that have historically been held by Hilton but are specifically identifiable or otherwise attributable to the Company, including goodwill and intangibles. Allocations Through January 3, 2017, the pre-spin consolidated statements of comprehensive income included allocations of corporate general and administrative expenses from Hilton on the basis of financial and operating metrics that Hilton historically used to allocate resources and evaluate performance against its strategic objectives. We considered the basis on which expenses were allocated to be a reasonable reflection of the utilization of services provided to or the benefit received by us during the historical periods presented. However, the allocations may not include all of the actual expenses that would have been incurred by us and may not reflect our consolidated results of operations, financial position and cash flows had we been a stand-alone company during the historical periods presented. Actual costs that might have been incurred had we been a stand-alone company would depend on a number of factors, including the chosen organizational structure, what functions we might have performed ourselves or outsourced and strategic decisions we might have made in areas such as information technology and infrastructure. Following the spin-off, we performed these functions using our own resources or purchased services. For an interim period, some of these functions will continue to be provided by Hilton under our transition services agreement (“TSA”). Most of the functions performed under the TSA have concluded as of January 2018. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Reclassifications Certain line items on the consolidated balance sheets as of December 31, 2016 and 2015 and on the statements of comprehensive income and statements of cash flows for the years ended December 31, 2016 and 2015 have been reclassified to conform to the current period presentation. Summary of Significant Accounting Policies Property and Equipment Property and equipment are recorded at cost, and interest applicable to major construction or development projects is capitalized. Costs of improvements that extend the economic life or improve service potential are also capitalized. Capitalized costs are depreciated over their estimated useful lives. Costs for normal repairs and maintenance are expensed as incurred. Depreciation is recorded using the straight-line method over the assets’ estimated useful lives, which are generally as follows: buildings and improvements (8 to 40 years); furniture and equipment (3 to 8 years); and computer equipment and acquired software (3 years). Leasehold improvements are depreciated over the shorter of the estimated useful life, based on the estimates above, or the lease term. We evaluate the carrying value of our property and equipment if there are indicators of potential impairment. We perform an analysis to determine the recoverability of the asset’s carrying value by comparing the expected undiscounted future cash flows to the net book value of the asset. If it is determined that the expected undiscounted future cash flows are less than the net book value of the asset, the excess of the net book value over the estimated fair value is recorded in our consolidated statements of comprehensive income within impairment losses. Fair value is generally estimated using valuation techniques that consider the discounted cash flows of the asset using discount and capitalization rates deemed reasonable for the type of asset, as well as prevailing market conditions, appraisals, recent similar transactions in the market and, if appropriate and available, current estimated net sales proceeds from pending offers. If sufficient information exists to reasonably estimate the fair value of a conditional asset retirement obligation, including environmental remediation liabilities, we recognize the fair value of the obligation when the obligation is incurred, which is generally upon acquisition, construction or development and/or through the normal operation of the asset. Assets Held for Sale We classify a property as held for sale when we commit to a plan to sell the asset, the sale of the asset is probable within one year, and it is unlikely that action to complete the sale will change or that the sale will be withdrawn. When we determine that classification of an asset as held for sale is appropriate, we cease recording depreciation for the asset and value the property at the lower of depreciated cost or fair value, less costs to dispose. Further, the related assets and liabilities of the held for sale property will be classified as assets held for sale in our consolidated balance sheets. Any gains on sales of properties are recognized at the time of sale or deferred and recognized in net income (loss) in subsequent periods as any relevant conditions requiring deferral are satisfied. Investments in Affiliates The consolidated financial statements include entities in which we have a controlling financial interest, including variable interest entities (“VIE”) where we are the primary beneficiary. The determination of a controlling financial interest is based upon the terms of the governing agreements of the respective entities, including the evaluation of rights held by other interests. If the entity is considered to be a VIE, we determine whether we are the primary beneficiary, and then consolidate those VIEs for which we have determined we are the primary beneficiary. If the entity in which we hold an interest does not meet the definition of a VIE, we evaluate whether we have a controlling financial interest through our voting interests in the entity. We consolidate entities when we own more than 50 percent of the voting shares of a company or otherwise have a controlling financial interest. References in these financial statements to Net income (loss) attributable to stockholders do not include non-controlling interests, which represent the outside ownership interests of our consolidated, non-wholly owned entities and are reported separately. We hold investments in affiliates that primarily own or lease hotels. Investments in affiliates over which we exercise significant influence, but lack a controlling financial interest, are accounted for using the equity method. We account for investments using the equity method when we have the ability to exercise significant influence over the entity, typically through a more than minimal investment. Our proportionate share of earnings (losses) from our equity method investments is presented as Equity in earnings (losses) from investments in affiliates in our consolidated statements of comprehensive income. Distributions from investments in affiliates are presented as an operating activity in our consolidated statements of cash flows when such distributions are a return on investment. Distributions from investments in affiliates are recorded as an investing activity in our consolidated statements of cash flows when such distributions are a return of investment. We assess the recoverability of our equity method investments if there are indicators of potential impairment. If an identified event or change in circumstances requires an evaluation to determine if an investment may have an other-than-temporary impairment, we assess the fair value of the investment based on accepted valuation methodologies, which include discounted cash flows, estimates of sales proceeds and external appraisals. If an investment’s fair value is below its carrying value and the decline is considered to be other-than-temporary, we will recognize an impairment loss in Equity in earnings (losses) from investments in affiliates in our consolidated statements of comprehensive income. Non-controlling Interests We present the portion of any equity that we do not own in entities that we have a controlling financial interest (and thus consolidate) as non-controlling interests and classify those interests as a component of total equity, separate from total stockholders’ equity, on our consolidated balance sheets. For consolidated joint ventures with pro rata distribution allocations, net income or loss is allocated between the joint venture partners based on their respective stated ownership percentages. In addition, we include net income (loss) attributable to the noncontrolling interest in Net income (loss) in our consolidated statements of comprehensive income. Goodwill Goodwill represents the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. We do not amortize goodwill, but rather evaluate goodwill for potential impairment on an annual basis or at other times during the year if events or circumstances indicate that the carrying amount may not be recoverable. We have two reporting units, consolidated and unconsolidated hotels, to which goodwill has been allocated. Certain of the entities that are included in our consolidated financial statements were consolidated subsidiaries of our Parent at the time of the Merger. Our Parent allocated goodwill to us based on the relative fair value of our properties compared to that of Parent’s ownership segment as of the date of the Merger. We review the carrying value of goodwill by comparing the carrying value of a reporting unit to its fair value. In any year, we may elect to perform a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is in excess of its carrying value. If we cannot determine qualitatively that the fair value is in excess of the carrying value, or we decide to bypass the qualitative assessment, we proceed to the two-step quantitative process. In the first step, we determine the fair value of the reporting unit. The valuation is based on internal projections of expected future cash flows and operating plans, as well as market conditions relative to the operations of our reporting unit. If the estimated fair value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired and the second step of the impairment test is not necessary. However, if the carrying amount of the reporting unit exceeds its estimated fair value, then the second step must be performed. In the second step, we estimate the implied fair value of goodwill, which is determined by taking the fair value of the reporting unit and allocating it to all of its assets and liabilities (including any unrecognized intangible assets) as if the reporting unit had been acquired in a business combination. If the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of that goodwill, the excess is recognized within Casualty and impairment loss, net in our consolidated statements of comprehensive income. Intangible Assets Intangible assets with finite useful lives primarily include ground and hotel operating lease contracts recorded by our Parent at the time of the Merger and allocated to us based on either specific identification or the relative fair values as of the date of the Merger. These contract values are based on the present value of the difference between contractual amounts to be paid pursuant to the contracts acquired and the estimate of the fair value of rates for corresponding contracts measured over the period equal to the remaining non-cancelable term of the contract. Intangible assets are amortized using the straight-line method over the remaining non-cancelable term of the contract. We review all finite lived intangible assets for impairment when circumstances indicate that their carrying amounts may not be recoverable. If the carrying value of an asset group is not recoverable, we recognize an impairment loss for the excess of the carrying value over the fair value in our consolidated statements of comprehensive income. Asset Acquisitions We consider an asset acquisition to occur when substantially all the fair value of an acquisition is concentrated in a single identifiable asset or a group of similar identifiable assets. In an acquisition of assets, we are not required to expense our acquisition-related costs, and goodwill is not assigned. We will account for the properties purchased as asset acquisitions by allocating the total cash consideration, including transaction costs, to the individual assets acquired and liabilities assumed, respectively, on a relative fair value basis. Business Combinations We consider a business combination to occur when we take control of a business by acquiring its net assets or equity interests. We record the assets acquired, liabilities assumed and non-controlling interests at fair value as of the acquisition date, including any contingent consideration. We evaluate factors, including market data for similar assets, expected future cash flows discounted at risk-adjusted rates and replacement cost for the assets to determine an appropriate fair value of the assets. Acquisition-related costs, such as due diligence, legal and accounting fees, are expensed in the period incurred and are not capitalized or applied in determining the fair value of the acquired assets. Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with original maturities, when purchased, of three months or less. Restricted Cash Restricted cash includes cash balances established as lender reserves required by our debt agreements. For purposes of our consolidated statement of cash flows, changes in restricted cash caused by changes in lender reserves due to restrictions under our loan agreements are shown as financing activities and changes in deposits for assets we plan to acquire are shown as investing activities. Allowance for Doubtful Accounts An allowance for doubtful accounts is provided on accounts receivable when losses are probable based on historical collection activity and current business conditions. Fair Value Measurements—Valuation Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date (an exit price). We use the three-level valuation hierarchy for classification of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing an asset or liability. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources. Unobservable inputs are inputs that reflect our own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-level hierarchy of inputs is summarized below: • Level 1—Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2—Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the instrument. • Level 3—Valuation is based upon other unobservable inputs that are significant to the fair value measurement. The classification of assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement in its entirety at the end of each reporting period. Derivative Instruments We may use derivative instruments as part of our overall strategy to manage our exposure to market risks associated with fluctuations in interest rates. We will regularly monitor the financial stability and credit standing of the counterparties to our derivative instruments. Under the terms of certain loan agreements, we may be required to maintain derivative financial instruments to manage interest rates. We do not enter into derivative financial instruments for trading or speculative purposes. We record all derivatives at fair value. On the date the derivative contract is entered, we designate the derivative as one of the following: a hedge of a forecasted transaction or the variability of cash flows to be paid (“cash flow hedge”); a hedge of the fair value of a recognized asset or liability (“fair value hedge”); or an undesignated hedge instrument. Changes in the fair value of a derivative that is qualified, designated and highly effective as a cash flow hedge or net investment hedge are recorded in Other comprehensive income (loss) in the consolidated statements of comprehensive income until they are reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Changes in the fair value of a derivative that is qualified, designated and highly effective as a fair value hedge, along with the gain or loss on the hedged asset or liability that is attributable to the hedged risk, are recorded in current period earnings. Changes in the fair value of undesignated derivative instruments and the ineffective portion of designated derivative instruments are reported in current period earnings. Cash flows from designated derivative financial instruments are classified within the same category as the item being hedged in the consolidated statements of cash flows. Cash flows from undesignated derivative financial instruments are included as an investing activity in our consolidated statements of cash flows. If we determine that we qualify for and will designate a derivative as a hedging instrument, at the designation date we formally document all relationships between hedging activities, including the risk management objective and strategy for undertaking various hedge transactions. This process includes matching all derivatives that are designated as cash flow hedges to specific forecasted transactions and linking all derivatives designated as fair value hedges to specific assets and liabilities in our consolidated balance sheets. To the extent we have designated a derivative as a hedging instrument, each reporting period we assess the effectiveness of our designated hedges in offsetting the variability in the cash flows or fair values of the hedged assets or obligations using the Hypothetical Derivative Method. This method compares the cumulative change in fair value of each hedging instrument to the cumulative change in fair value of a hypothetical hedging instrument, which has terms that identically match the critical terms of the respective hedged transactions. Thus, the hypothetical hedging instrument is presumed to perfectly offset the hedged cash flows. Ineffectiveness results when the cumulative change in the fair value of the hedging instrument exceeds the cumulative change in the fair value of the hypothetical hedging instrument. We discontinue hedge accounting prospectively, when the derivative is not highly effective as a hedge, the underlying hedged transaction is no longer probable, or the hedging instrument expires, is sold, terminated or exercised. Revenue Recognition Our results of operations primarily consist of room rentals, food and beverage sales and other ancillary goods and services from hotel properties. Other revenues are from our laundry business and service arrangements with Hilton Grand Vacations (“HGV”). Revenues are recognized when rooms are occupied or goods and services have been delivered or rendered. Additionally, we collect sales, use, occupancy and similar taxes at our hotels, which we present on a net basis (excluded from revenues) in our consolidated statements of comprehensive income. Currency Translation The United States dollar (“USD”) is our reporting currency and is the functional currency of our consolidated and unconsolidated entities operating in the U.S. The functional currency for our consolidated and unconsolidated entities operating outside of the U.S. is the currency of the primary economic environment in which the respective entity operates. Assets and liabilities measured in foreign currencies are translated into USD at the prevailing exchange rates in effect as of the financial statement date and the related gains and losses, net of applicable deferred income taxes, are reflected in Accumulated other comprehensive income (loss) in our consolidated balance sheets. Income and expense accounts are translated at the average exchange rate for the period. Gains and losses from foreign exchange rate changes related to transactions denominated in a currency other than an entity’s function currency are recognized as Gain (loss) on foreign currency transactions in our consolidated statements of comprehensive income. Share-based Compensation We recognize the cost of services received in share-based payment transactions with employees and non-employee directors as services are received and recognize a corresponding increase in additional paid-in capital for equity classified awards. We account for any forfeitures when they occur. The measurement objective for these equity awards is the estimated fair value at the grant date of the equity instruments that we will be obligated to issue when employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. The compensation expense for an award classified as an equity instrument is recognized ratably over the requisite service period. The requisite service period is the period during which an employee is required to provide service in exchange for an award. Income Taxes We believe that we are organized in conformity with, and operate in a manner that will allow us to elect to be taxed as a REIT, for U.S. federal income tax purposes for our tax year ending December 31, 2017, and we expect to continue to be organized and operate in a manner qualify as a REIT. To qualify as a REIT, we must continually satisfy tests concerning, among other things, the real estate qualification of sources of our income, the real estate composition and values of our assets, the amounts we distribute to our stockholders and the diversity of ownership of our stock. To the extent we qualify as a REIT, we generally will not be subject to U.S. federal income tax on taxable income generated by our REIT activities that we distribute to our stockholders. Accordingly, no provision for U.S. federal income taxes has been included in our accompanying consolidated financial statements for the year ended December 31, 2017 related to our REIT activities, other than the derecognition and remeasurement of deferred tax assets and liabilities associated with our intention to be taxed as a REIT. In addition, we are subject to non-U.S. income tax on foreign held REIT activities. Further, our taxable REIT subsidiaries (“TRSs”) are generally subject to U.S. federal, state and local, and foreign income taxes (as applicable). Historically, we have been included in the consolidated federal income tax return of Hilton, as well as certain state tax returns where Hilton files on a consolidated or combined basis. For purposes of our pre-spin consolidated financial statements, we have recorded deferred tax balances as if we filed tax returns on a stand-alone basis separate from Hilton, but not as a REIT. The separate return method applies the accounting guidance for income taxes to the stand-alone financial statements as if we were a separate taxpayer and a standalone enterprise for the periods presented. The calculation of our income taxes on a separate return basis requires a considerable amount of judgment and use of both estimates and allocations. We believe that the assumptions and estimates used to determine these tax amounts are reasonable. However, our consolidated financial statements may not necessarily reflect what our tax amounts would have been if we had been a stand-alone enterprise during the periods presented. We account for income taxes using the asset and liability method. The objectives of accounting for income taxes are to recognize the amount of taxes payable or refundable for the current year, to recognize the deferred tax assets and liabilities that relate to tax consequences in future years, which result from differences between the respective tax basis of assets and liabilities and their financial reporting amounts, and tax loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the respective temporary differences or operating loss or tax credit carry forwards are expected to be recovered or settled. The realization of deferred tax assets and tax loss and tax credit carry forwards is contingent upon the generation of future taxable income and other restrictions that may exist under the tax laws of the jurisdiction in which a deferred tax asset exists. Valuation allowances are provided to reduce such deferred tax assets to amounts more likely than not to be ultimately realized. We use a prescribed recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken in a tax return. For all income tax positions, we first determine whether it is “more-likely-than-not” that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. If it is determined that a position meets the more-likely-than-not recognition threshold, the benefit recognized in the financial statements is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon settlement. Recently Issued Accounting Pronouncements Adopted Accounting Standards In November 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-18 ("ASU 2016-18"), Statement of Cash Flows (Topic 230): Restricted Cash In May 2017, the FASB issued ASU 2017-09 (“ASU 2017-09”), Stock Compensation (Topic 718): Scope of Modification Accounting, Stock Compensation. Accounting Standards Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09 (“ASU 2014-09”), Revenue from Contracts with Customers (Topic 606) Revenue Recognition (Topic 605) In February 2016, the FASB issued ASU No. 2016-02 (“ASU 2016-02”), Leases (Topic 842) Leases (Topic 840) In January 2017, the FASB issued ASU No. 2017-01(“ASU 2017-01”), Business combinations (Topic 805) – Clarifying the definition of a business

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2017
Acquisitions Disclosure [Abstract]
Acquisitions	Note 3: Acquisitions During the year ended December 31, 2015, we used proceeds from the sale of the Waldorf Astoria New York (refer to Note 4: “Assets Held for Sale and Disposals”) to acquire, as part of a tax deferred like-kind exchange of real property, the following properties for a total purchase price of $1.87 billion: • the resort complex consisting of the Waldorf Astoria Orlando and the Hilton Orlando Bonnet Creek in Orlando, Florida (“Bonnet Creek Resort”); • the Casa Marina, A Waldorf Astoria Resort in Key West, Florida; • the Reach, a Waldorf Astoria Resort in Key West, Florida; • the Parc 55 San Francisco – a Hilton Hotel in San Francisco, California; and • the Juniper Hotel Cupertino, Curio Collection in Cupertino, California. • These properties, except for the Juniper Hotel Cupertino, Curio Collection, were acquired from sellers affiliated with Blackstone, a related party at the time of the transaction, for a total purchase price of $1.76 billion. We incurred transaction costs of $26 million, which are included in Corporate and other expense in our consolidated statement of comprehensive income, for the year ended December 31, 2015. As of the acquisition dates, the fair values of the assets acquired and liabilities assumed were: (in millions) Property and equipment $ 1,868 Intangibles 4 Cash and cash equivalents 16 Restricted cash 8 Prepaid expenses 3 Other assets 2 Accounts payable and accrued expenses (25 ) Debt (450 ) Net assets acquired $ 1,426 Refer to Note 9: “Fair Value Measurements” for additional information on the fair value techniques and inputs used for the measurement of the assets and liabilities. The results of operations from these properties included in the consolidated statement of comprehensive income for the year ended December 31, 2015 were: (in millions) Total revenues $ 316 Income before income taxes 58

Assets Held for Sale and Dispos

Assets Held for Sale and Disposals	12 Months Ended
	Dec. 31, 2017
Discontinued Operations And Disposal Groups [Abstract]
Assets Held for Sale and Disposals	Note 4: Assets Held for Sale and Disposals Assets Held for Sale Hilton Durban In December 2017, we executed an agreement to sell the Hilton Durban, a wholly owned hotel, for a sales price of $33 million, which is payable in cash at closing and is subject to customary pro rations and adjustments. The buyer provided a $3 million cash deposit, which was held in escrow as earnest money. For further discussion see Note 20: "Subsequent Events" in our consolidated financial statements. Assets and liabilities held for sale related to the Hilton Durban were as follows as of December 31, 2017: (in millions) Assets: Property and equipment, net 31 Cash and cash equivalents 2 Accounts receivable 2 Prepaid expenses 2 Total Assets Held for Sale $ 37 Liabilities: Liabilities related to assets held for sale (1) $ 1 Total Liabilities Held for Sale $ 1 (1) Amounts included in Other liabilities in our consolidated balance sheet as of December 31, 2017. Disposals Waldorf Astoria New York During the year ended December 31, 2015, we completed the sale of the Waldorf Astoria New York for a purchase price of $1.95 billion and we repaid in full the existing mortgage loan secured by our Waldorf Astoria New York property (“Waldorf Astoria Loan”) of approximately $525 million. As a result of the sale, we recognized a gain of $143 million included in gain on sale of assets, net in our consolidated statement of comprehensive income for the year ended December 31, 2015. The gain was net of transaction costs and a goodwill reduction of $185 million. The Waldorf Astoria New York was considered a business within our hotel ownership segment; therefore, we reduced the carrying amount of our goodwill by the amount representing the fair value of the business disposed relative to the fair value of the portion of our reporting unit goodwill that was retained. Additionally, we recognized a loss of $6 million in other loss, net in our consolidated statement of comprehensive income for the year ended December 31, 2015 related to the reduction of the Waldorf Astoria Loan’s remaining carrying amount of debt issuance costs.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Property and Equipment	Note 5: Property and Equipment Property and equipment were: December 31, 2017 (1) 2016 (in millions) Land $ 3,364 $ 3,397 Buildings and leasehold improvements 5,911 6,015 Furniture and equipment 966 922 Construction-in-progress 117 79 10,358 10,413 Accumulated depreciation and amortization (2,047 ) (1,872 ) $ 8,311 $ 8,541 (1) Excludes $31 million of property and equipment, net classified as held for sale as of December 31, 2017. Depreciation of property and equipment, including capital lease assets, was $283 million, $295 million and $283 million during the years ended December 31, 2017, 2016 and 2015, respectively. As of December 31, 2017 and 2016, property and equipment included approximately $20 million and $19 million, respectively, of capital lease assets primarily consisting of buildings and leasehold improvements, net of $10 million and $8 million, respectively, of accumulated depreciation. Transactions with Wholly Owned Subsidiary of Hilton In 2014, we completed the sale of certain floors at the New York Hilton Midtown to HGV, a wholly-owned subsidiary of Parent prior to its spin-off from Hilton in 2017, for $22 million in connection with a timeshare project. At closing, legal title of these floors was transferred to HGV. The net book value of these floors was approximately $66 million. The difference between the proceeds received and net book value of the floors was recognized as a non-cash equity distribution to Hilton, $30 million of which was recognized for the year ended December 31, 2014. Additionally, in October 2016, we completed the sale of an additional 25 rooms at the New York Hilton Midtown to HGV in connection with timeshare projects. The net book value of these assets was approximately $33 million. Due to our continuing involvement, both of these transactions were not recognized as sales and were accounted for as sales-leaseback liabilities under the financing method. Pursuant to an arrangement representing a lease, we reserved exclusive rights to occupy and operate these rooms beginning on the date of transfer and continuing until the end of the lease term. In December 2017, the remaining rooms were released to HGV; accordingly, we derecognized $32 million of property and equipment, net, and the related $33 million liability due to HGV. In October 2016, we completed the sale of 600 rooms at the Hilton Waikoloa Village to HGV in connection with timeshare projects. The net book value of these assets was approximately $177 million. Due to our continuing involvement, this transaction was not recognized as a sale and was accounted for as a sales-leaseback liability under the financing method. The assets will be derecognized at the end of lease term. Pursuant to an arrangement representing a lease, we reserved exclusive rights to occupy and operate these rooms beginning on the date of transfer and continuing until the end of the lease term. The lease term expires December 2019, but may be extended if mutually agreed to by all parties. During 2017, 134 of the 600 rooms at the Hilton Waikoloa Village previously transferred to HGV and leased back by us were released to HGV; accordingly, we derecognized $38 million of property and equipment, net, and the related $39 million liability due to HGV. Due to HGV on the consolidated balance sheets represents the remaining sale-leaseback liabilities of $138 million as of December 31, 2017 related to the Hilton Waikoloa Village and $210 million as of December 31, 2016 related to the Hilton Waikoloa Village and the New York Hilton Midtown. In June 2016, we transferred assets, including legal title, related to certain floors at the Embassy Suites Washington, D.C. to HGV in connection with a timeshare project. The net book value of these assets was approximately $40 million. No cash consideration was received for this transfer; therefore, the net book value of the assets was recognized as a $33 million non-cash equity distribution to Parent for the year ended December 31, 2016. Hurricanes Irma and Maria In September 2017, Hurricanes Irma and Maria caused damage and disruption at certain of our hotels in Florida and the Caribe Hilton. We have incurred $20 million of expenses and recognized a loss of $54 million for property and equipment that was damaged during the hurricanes during the year ended December 31, 2017, both which are included in Casualty and impairment loss, net in our consolidated statement of comprehensive income. Our insurance coverage provides us with reimbursement for the replacement cost for the damage to these hotels, which includes certain clean-up and repair costs, exceeding the applicable deductibles. During the year ended December 31, 2017, we received $2 million of insurance proceeds and recognized an insurance receivable of $56 million, both of which are included as a reduction to the Casualty and impairment loss, net in our consolidated statements of comprehensive income. The insurance receivable is included within Other assets in our consolidated balance sheet as of December 31, 2017. As of December 31, 2017, no amounts have been recognized related to business interruption insurance. Refer to Note 17: “Commitments and Contingencies” for additional information.

Consolidated Variable Interest

Consolidated Variable Interest Entities and Investments in Affiliates	12 Months Ended
	Dec. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Consolidated Variable Interest Entities and Investments in Affiliates	Note 6: Consolidated Variable Interest Entities and Investments in Affiliates Consolidated VIEs We consolidate three VIEs that own hotels in the U.S. We are the primary beneficiary of these VIEs as we have the power to direct the activities that most significantly affect their economic performance. Additionally, we have the obligation to absorb their losses and the right to receive benefits that could be significant to them. The assets of our VIEs are only available to settle the obligations of these entities. Our consolidated balance sheets include the following assets and liabilities of these entities: December 31, 2017 2016 (in millions) Property and equipment, net $ 215 $ 208 Cash and cash equivalents 14 14 Restricted cash 7 13 Accounts receivable, net 2 2 Prepaid expenses 2 2 Other assets 5 — Debt 207 207 Accounts payable and accrued expenses 15 6 Deferred income tax liabilities — 49 During the years ended December 31, 2017 and 2016, we did not provide any financial or other support to these VIEs that we were not previously contractually required to provide, nor do we intend to provide any such support in the future. Unconsolidated Entities Investments in affiliates were: December 31, Ownership % 2017 2016 (in millions) Hilton Berlin 40% $ 33 $ 31 Hilton San Diego Bayfront 25% 20 20 All others (7 hotels) 20% - 50% 31 30 $ 84 $ 81 The affiliates in which we own investments accounted for under the equity method had total debt of approximately $962 million and $861 million as of December 31, 2017 and 2016, respectively. Substantially all of the debt is secured solely by the affiliates’ assets or is guaranteed by other partners without recourse to us.

Goodwill and Intangibles

Goodwill and Intangibles	12 Months Ended
	Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	Note 7: Goodwill and Intangibles Hilton allocated $3.5 billion of goodwill to us as part of the Merger and during the year ended December 31, 2008, we recognized a $2.7 billion impairment loss. Our goodwill balance and related activity was: Goodwill Accumulated Impairment Losses Balance (in millions) Balance as of December 31, 2015 $ 2,751 $ (2,134 ) $ 617 Distribution to Parent (1) (41 ) 32 (9 ) Foreign currency translation (4 ) — (4 ) Balance as of December 31, 2016 2,706 (2,102 ) 604 Distribution to Parent — — — Foreign currency translation 2 — 2 Balance as of December 31, 2017 $ 2,708 $ (2,102 ) $ 606 (1) Intangible assets were: December 31, 2017 2016 (in millions) Acquired below market leases $ 60 $ 60 Acquired below market ground leases 14 13 Other 10 9 Accumulated amortization (43 ) (38 ) $ 41 $ 44 As of December 31, 2017, we estimated our future amortization expense for our intangible assets to be: Year (in millions) 2018 $ 5 2019 5 2020 4 2021 3 2022 3 Thereafter 21 $ 41

Debt

Debt	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt	Note 8: Debt Debt balances, including obligations for capital leases, and associated interest rates as of December 31, 2017 were: Principal balance as of Interest Rate at December 31, 2017 Maturity Date December 31, 2017 December 31, 2016 (in millions) SF CMBS Loan 4.11% November 2023 $ 725 $ 725 HHV CMBS Loan 4.20% November 2026 1,275 1,275 Mortgage loans Average rate of 4.08% 2020 to 2026 (1) 207 207 Term Loan L + 1.45% December 2021 750 750 Revolving Credit Facility (2) L + 1.50% December 2021 (1) — — Unsecured notes N/A December 2017 — 55 Capital lease obligations Average rate of 7.00% 2019 to 2094 16 14 2,973 3,026 Less: unamortized deferred financing costs and discount (12 ) (14 ) $ 2,961 $ 3,012 (1) Assumes the exercise of all extensions that are exercisable solely at our option. (2) $1 billion available. CMBS Loans and Mortgage Loans In October 2016, we entered into a $725 million CMBS loan secured by the Hilton San Francisco Union Square and the Parc 55 Hotel San Francisco (“SF CMBS Loan”) and a $1.275 billion CMBS loan secured by the Hilton Hawaiian Village (“HHV CMBS Loan”). Both the SF CMBS Loan and the HHV CMBS Loan bear interest at a fixed-rate and require interest-only payments through their respective maturity dates. At any time after the permitted release date of May 1, 2019, or earlier subject to certain conditions, the SF CMBS Loan and HHV CMBS Loan may be partially or fully prepaid, subject to prepayment penalties. Our mortgage loans, which are associated with our three consolidated VIEs, bear interest at either a fixed-rate or variable rate and require interest-only loans payments their respective maturity dates. We are required to deposit with the lender certain cash reserves for restricted uses. As of December 31, 2017 and 2016, our consolidated balance sheets included $14 million and $13 million, respectively, of restricted cash related to our CMBS loans and mortgage loans. Credit Facilities In December 2016, we entered into a credit agreement (“Credit Agreement”) with Wells Fargo Bank, National Association as administrative agent, and certain others financial institutions party thereto as lenders. The facility includes a $1 billion revolving credit facility (“Revolver”), which has a scheduled maturity date of December 24, 2020 with two, six-month extension options if certain conditions are satisfied, and a $750 million term loan (“Term Loan”). The Credit Agreement includes the option to increase the size of the Revolver and enter into additional incremental term loan credit facilities, subject to certain limitations, in an aggregate commitment or principal amount not to exceed $500 million for all such increases. The Revolver permits one or more standby letters of credit, up to a maximum aggregate outstanding balance of $50 million, to be issued on behalf of us. Any outstanding standby letters of credit reduce the available borrowings on the Revolver by a corresponding amount. Revolver and Term Loan borrowings bear interest at variable rates at our option, based upon either a base rate or LIBOR rate, plus an applicable margin based on our leverage ratio. We incur an unused facility fee on the Revolver of between 0.2% and 0.3%, based on our level of usage. The Credit Agreement contains certain financial covenants relating to our maximum leverage ratio, minimum fixed charge coverage ratio, maximum secured indebtedness, maximum unsecured indebtedness and minimum unsecured interest coverage ratio. If an event of default exists, we are not permitted to make distributions to shareholders, other than those required to qualify for and maintain REIT status. Debt Maturities The contractual maturities of our debt as of December 31, 2017 were: Year (in millions) 2018 $ — 2019 — 2020 (1) 12 2021 750 2022 33 Thereafter 2,178 $ 2,973 (1) Assumes the exercise of all extensions that are exercisable solely at our option. Unsecured Notes We repaid in full our unsecured notes upon maturity in December 2017.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9: Fair Value Measurements We did not elect the fair value measurement option for any of our financial assets or liabilities. The fair values of our Level 1 unsecured notes were based on prices in active debt markets. The fair values of our other Level 3 liabilities presented below were determined based on: (i) indicative quotes received for similar issuances; or (ii) the expected future cash flows discounted at risk-adjusted rates. The fair values of financial instruments not included in the table below are estimated to be equal to their carrying amounts. The fair value of certain financial instruments and the hierarchy level we used to estimate fair values are shown below: December 31, 2017 December 31, 2016 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (in millions) Liabilities: SF CMBS Loan 3 $ 725 $ 721 $ 725 $ 725 HHV CMBS Loan 3 1,275 1,256 1,275 1,275 Term Loan 3 750 749 750 750 Mortgage loans 3 207 204 207 208 Unsecured notes 1 — — 55 57 During the years ended December 31, 2017 and 2016, respectively, we recognized impairment losses from the classification of the asset held for sale, a current expectation that is more likely than not an asset will be sold before the end of its previously estimated useful life, or for certain assets resulting from a significant decline in market value of those assets. The estimated fair values of these assets that were measured on a nonrecurring basis were: December 31, 2017 December 31, 2016 Fair Value (1) Impairment Loss Fair Value (2) Impairment Loss (in millions) Investments in affiliates $ — $ — $ 7 $ 17 Property and equipment 92 10 6 14 Intangibles — — — 1 Total $ 92 $ 10 $ 13 $ 32 (1) (2) Fair value for the year ended December 31, 2016, is measured using significant unobservable inputs (Level 3). We estimated fair value of the assets using discounted cash flow analyses, with estimated stabilized growth rates ranging from 1% to 3%, a discounted cash flow term between 10 to 15 years, terminal capitalization rates ranging from 5% to 8% percent, and discount rates ranging from 7% to 10%. The discount and terminal capitalization rates used for the fair value of the assets reflect the risk profile of the market where the property is located and are not necessarily indicative of our hotel portfolio as a whole.

Leases

Leases	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Leases	Note 10: Leases We lease hotel properties, land and equipment under operating and capital leases. As of December 31, 2017 and 2016, we had operating leases for five hotels and a capital lease for one hotel. We also lease land for 13 hotels and certain facilities for eight hotels. Our leases expire at various dates from 2018 through 2141, with varying renewal options, and the majority expire before 2027. Our operating leases may require minimum rent payments, contingent rent payments based on a percentage of revenue or income or rent payments equal to the greater of a minimum rent or contingent rent. In addition, we may be required to pay some, or all, of the capital costs for property and equipment in the hotel during the term of the lease. Amortization of capital lease assets is recorded in Depreciation and amortization in our consolidated statements of comprehensive income and is recognized over the lease term. The future minimum rent payments under non-cancelable leases, due in each of the next five years and thereafter as of December 31, 2017, were: Operating Leases Capital Leases Year (in millions) 2018 $ 26 $ 1 2019 24 1 2020 25 1 2021 25 1 2022 25 1 Thereafter 201 74 Total minimum rent payments $ 326 79 Less: amount representing interest (63 ) Present value of net minimum rent payments $ 16 Rent expense for all operating leases, included in other property-level expenses, was: Year Ended December 31, 2017 2016 2015 (in millions) Minimum rentals $ 26 $ 25 $ 26 Contingent rentals 23 21 22 $ 49 $ 46 $ 48

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 11: Income Taxes We believe that we are organized in conformity with, and operate in a manner that will allow us to elect to be taxed as a REIT, for U.S. federal income tax purposes for our tax year ending December 31, 2017, and we expect to continue to be organized and operate so as to qualify as a REIT. To qualify as a REIT, we must continually satisfy tests concerning, among other things, the real estate qualification of sources of our income, the real estate composition and values of our assets, the amounts we distribute to our stockholders and the diversity of ownership of our stock. To the extent we qualify as a REIT, we generally will not be subject to U.S. federal income tax on taxable income generated by our REIT activities that we distribute to our stockholders. Accordingly, no provision for U.S. federal income taxes has been included in our accompanying consolidated financial statements for the year ended December 31, 2017 related to our REIT activities, other than the derecognition of deferred tax assets and liabilities discussed below. The Tax Cuts and Jobs Act (the “Act”) was enacted on December 22, 2017. The Act, which amended the Internal Revenue Code of 1986 (“Code”), was the most significant tax legislative development in decades. Major elements of the Act from our perspective include reducing the corporate tax rate; restricting the eligibility for tax deferred like-kind exchange treatment solely to real property; limiting the deductibility of interest expense; and the one-time transition tax on foreign cash and unremitted earnings. At December 31, 2017, we have not completed the internal assessment for the tax effects of enactment of the Act; specifically, the analysis to determine the potential tax liability and deferred tax related to a potential sale of ancillary hotel furniture, fixtures, and equipment that may be sold in a like-kind exchange transaction was not able to be completed. Accordingly, Staff Accounting Bulletin 118, issued by the Securities and Exchange Commission, states that companies that are unable to calculate a reasonable estimate are able to record the adjustment to the tax provision as the information becomes available, but no later than one year from the enactment date. We intend to continue our analysis and record the effects of the provision through deferred taxes when the information is available and an assessment is made. We will be subject to U.S. federal income tax on taxable sales of built-in gain property (representing property with an excess of fair value over tax basis held by us on January 4, 2017) during the five-year period following our election to be taxed as a REIT. In addition, we are subject to non-U.S. income tax on foreign held REIT activities. Further, our taxable REIT subsidiaries (“TRSs”) are generally subject to U.S. federal, state and local, and foreign income taxes (as applicable). Our tax provision includes federal, state and foreign income taxes payable. The domestic and foreign components of income before income taxes were: Year Ended December 31, 2017 2016 2015 (in millions) U.S. income before tax $ 279 $ 188 $ 379 Foreign income before tax 6 33 38 Income before income taxes $ 285 $ 221 $ 417 The components of our (benefit) provision for income taxes were: Year Ended December 31, 2017 2016 2015 (in millions) Current: Federal $ 21 $ 130 $ 102 State 2 16 15 Foreign 9 2 8 Total current 32 148 125 Deferred: Federal (2,373 ) (60 ) 69 State — (7 ) (74 ) Foreign (5 ) 1 (2 ) Total deferred (2,378 ) (66 ) (7 ) Total (benefit) provision for income taxes $ (2,346 ) $ 82 $ 118 Reconciliations of our tax provision at the U.S. statutory rate to the (benefit) provision for income taxes were: Year Ended December 31, 2017 2016 2015 (in millions) Statutory U.S. federal income tax provision $ 100 $ 77 $ 146 State income taxes, net of U.S. federal tax benefit 2 9 26 Foreign income tax expense 4 5 9 U.S. benefit of foreign taxes — (3 ) (6 ) Nontaxable liquidation of subsidiaries — — (34 ) Change in deferred tax asset valuation allowance 3 (2 ) (3 ) Change in basis difference in foreign subsidiaries — (5 ) (2 ) Tax rate change (25 ) — (81 ) Non-deductible goodwill — — 65 Non-deductible transaction costs — 3 — REIT income not subject to tax (83 ) — — Derecognition and remeasurement of deferred taxes (2,347 ) — — Other, net — (2 ) (2 ) (Benefit) provision for income taxes $ (2,346 ) $ 82 $ 118 Through January 3, 2017, we had been included in the consolidated U.S. federal income tax return of Hilton, as well as certain state tax returns where Hilton filed on a consolidated or combined basis, and foreign tax returns, as applicable. During the years ended December 31, 2016 and 2015, Hilton paid $146 million and $119 million, respectively of income tax liabilities related to us. During the year ended December 31, 2015, certain of our controlled foreign corporation subsidiaries elected to be disregarded for U.S. federal income tax purposes. These transactions were treated as tax-free liquidations for federal tax purposes. As a result of these liquidation transactions, we recognized $34 million of previously unrecognized deferred tax assets associated with assets and liabilities distributed from the liquidated controlled foreign corporations. These previously unrecognized deferred tax assets were a component of our investment in foreign subsidiaries deferred tax balances that were connected to the liquidated controlled foreign corporations. Prior to these liquidations, we did not believe that the benefit of these deferred tax assets would be realized within the foreseeable future; therefore, we did not recognize these deferred tax assets. As a result of the sale of the Waldorf Astoria New York during the year ended December 31, 2015, we reduced our U.S. deferred tax liabilities and provision for income taxes by $81 million due to a decrease in the state effective tax rate being applied to our gross temporary differences. Deferred income taxes represent the tax effect of the differences between the book and tax bases of assets and liabilities plus carryforward items. The composition of net deferred tax balances were as follows: December 31, 2017 2016 (in millions) Deferred income tax assets (1) $ 6 $ 4 Deferred income tax liabilities (65 ) (2,437 ) Net deferred tax liability $ (59 ) $ (2,433 ) (1) Included within Other assets in our consolidated balance sheets. The tax effects of the temporary differences and carryforwards that give rise to our net deferred tax liability were: December 31, 2017 2016 (in millions) Deferred tax assets: Net operating loss carryforwards $ 10 $ 6 Unrealized foreign currency losses — 4 Other reserves 1 4 Capital lease obligations 2 8 Deferred income 3 7 Property and equipment 7 — Accrued compensation 2 — Other 2 4 Total gross deferred tax assets 27 33 Less: valuation allowance (4 ) — Deferred tax assets $ 23 $ 33 Deferred tax liabilities: Property and equipment $ (77 ) $ (2,382 ) Investments (4 ) (75 ) Amortizable intangible assets — (9 ) Other (1 ) — Deferred tax liabilities (82 ) (2,466 ) Net deferred tax liability $ (59 ) $ (2,433 ) As of December 31, 2017, we had federal, state and foreign net operating loss carryforwards of $71 million, which resulted in deferred tax assets of $10 million. Our federal and state net operating loss carryforwards of approximately $5 million and $14 million begin to expire in 2023 and 2025, respectively and our foreign net operating loss carryforwards of approximately $52 million are not subject to expiration. Our valuation allowance increased $4 million during the year ended December 31, 2017. For periods ended prior to January 4, 2017, Hilton filed income tax returns, including returns for us, with federal, state and foreign jurisdictions. Hilton is under regular and recurring audit by the Internal Revenue Service on open tax positions. The timing of the resolution of tax audits is highly uncertain, as are the amounts, if any, that may ultimately be paid upon such resolution. Changes may result from the conclusion of ongoing audits, appeals or litigation in state, local, federal and foreign tax jurisdictions or from the resolution of various proceedings between the U.S. and foreign tax authorities. Hilton is no longer subject to U.S. federal income tax examination for years through 2004. As of December 31, 2017, Hilton remains subject to federal examinations from 2005 through 2016, state examinations from 2005 through 2016 and foreign examinations of their income tax returns for the years 1996 through 2016. We will be subject to federal, state and foreign examinations for 2017. For federal income tax purposes, the cash distributions to stockholders are characterized as follows: For the Year Ended December 31, 2017 Common distributions: Ordinary dividends $ 4.41 Qualified dividends 2.62

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	Note 12: Share-Based Compensation We issue equity-based awards to our employees pursuant to the 2017 Omnibus Incentive Plan (“2017 Employee Plan”) and our non-employee directors pursuant to the 2017 Stock Plan for Non-Employee Directors (“2017 Director Plan”), both effective January 3, 2017. The 2017 Employee Plan provides that a maximum of 8,000,000 shares of our common stock may be issued, and as of December 31, 2017, 6,554,307 shares of common stock remain available for future issuance. The 2017 Director Plan provides that a maximum of 450,000 shares of our common stock may be issued, and as of December 31, 2017, 393,958 shares of common stock remain available for future issuance. For the year ended December 31, 2017, we recognized $15 million of share-based compensation expense. As of December 31, 2017, unrecognized compensation expense was $19 million, which is expected to be recognized over a weighted-average period of 1.6 years. Restricted Stock Awards Restricted Stock Awards (“RSAs”) generally vest in annual installments between one and three years from each grant date. The following table provides a summary of RSAs for the year ended December 31, 2017: Number of Shares Weighted-Average Grant Date Fair Value Unvested at January 1, 2017 — $ — Granted 594,213 26.52 Vested (106,795 ) 26.85 Forfeited (25,779 ) 26.22 Unvested at December 31, 2017 461,639 $ 26.47 Performance Stock Units Performance Stock Units (“PSUs”) generally vest at the end of a two or three-year performance period and are subject to the achievement of a market condition based on a measure of our total shareholder return relative to the total shareholder return of the companies that comprise the FTSE NAREIT Lodging Resorts Index (that have a market capitalization in excess of $1 billion as of the first day of the applicable performance period). The number of PSUs that may become vested ranges from zero to 200% of the number of PSUs granted to an employee, based on the level of achievement of the foregoing performance measure. The following table provides a summary of PSUs for the year ended December 31, 2017: Number of Shares Weighted-Average Grant Date Fair Value Unvested at January 1, 2017 — $ — Granted 387,642 31.95 Vested — — Forfeited (16,085 ) 31.73 Unvested at December 31, 2017 371,557 $ 31.96 The grant date fair values of these awards were determined using a Monte Carlo simulation valuation model with the following assumptions: Expected volatility (1) 25.5% - 29.5% Dividend yield (2) — Risk-free rate 1.2% - 1.5% Expected term 2 - 3 years (1) Due to limited trading history of our common stock, we used the historical and implied volatilities of our peer group in addition to our historical volatility over the performance period to estimate appropriate expected volatilities. (2) Dividends are assumed to be reinvested in shares of our common stock and dividends will not be paid unless shares vest.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Note 13: Earnings Per Share The following table presents the calculation of basic and diluted earnings per share (“EPS”): Year Ended December 31, 2017 2016 (1) 2015 (1) (in millions, except per share amounts) Numerator: Net income attributable to stockholders (2) $ 2,625 $ 133 $ 292 Earnings allocated to participating securities (8 ) — — Net income attributable to stockholders net of earnings allocated to participating securities $ 2,617 $ 133 $ 292 Denominator: Weighted average shares outstanding - basic 211 198 198 Net effect of shares issued with respect to E&P Dividend (3) 3 — — Weighted average shares outstanding - diluted 214 198 198 Basic EPS (4) $ 12.38 $ 0.67 $ 1.48 Diluted EPS (4) $ 12.21 $ 0.67 $ 1.48 (1) For 2016 and 2015, basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off. (2) Includes the derecognition and remeasurement of deferred tax assets and liabilities for the year ended December 31, 2017 of $2,347 million associated with our intent to be taxed as a REIT. (3) (4) Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented. Certain of our outstanding equity awards were excluded from the above calculation of EPS for the year ended December 31, 2017 because their effect would have been anti-dilutive.

Hotel Management Operating and

Hotel Management Operating and License Agreements	12 Months Ended
	Dec. 31, 2017
Hotel Management Operating And License Agreements [Abstract]
Hotel Management Operating and License Agreements	Note 14: Hotel Management Operating and License Agreements Management and Franchise Fees We have management agreements, whereby we pay a base fee equal to a percentage of total revenues, as defined, as well as an incentive fee if specified financial performance targets are achieved. Our managers generally have sole responsibility for all activities necessary for the operation of the hotels, including establishing room rates, processing reservations and promoting and publicizing the hotels. Our managers also generally provide all employees for the hotels, prepare reports, budgets and projections, and provide other administrative and accounting support services to the hotels. We have consultative and limited approval rights with respect to certain actions of our managers, including entering into long-term or high value contracts, engaging in certain actions relating to legal proceedings, approving the operating budget, making certain capital expenditures and the hiring of certain management personnel. Our management agreements that were entered into in connection with the spin-off have terms ranging from 20 to 30 years and allow for one or more renewal periods at the option of our hotel managers. Assuming all renewal periods are exercised by our hotel managers, the total term of our management agreements range from 30 to 70 years. We also have franchise agreements for four hotels that we operate without a management agreement. The franchise agreements have an initial term of 20 years and cannot be extended without the franchisor’s consent. Marketing Fees Additionally, the management and franchise agreements generally require a marketing fee equal to a percentage of rooms revenues. Total marketing fees were $55 million, $56 million and $56 million for the years ended December 31, 2017, 2016 and 2015, respectively, and were included in Other departmental and support expense in our consolidated statements of comprehensive income. Employee Cost Reimbursements We are responsible for reimbursing our managers for certain employee related costs outside of payroll. These costs include contributions to a defined contribution 401(k) Retirement Savings Plan administered by our managers, union-sponsored pension plans and other post-retirement plans. All of these plans are the responsibility of our managers and our obligation is only for the reimbursement of these costs for individuals who work at our hotel properties. Total employee cost reimbursements were $131 million, $130 million and $126 million for the years ended December 31, 2017, 2016 and 2015, respectively, and were included in the respective operating expenses line item in our consolidated statements of comprehensive income based upon the nature of services provided by such employees.

Net Parent Investment

Net Parent Investment	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Net Parent Investment	Note 15: Net Parent Investment Net Parent investment on our historical consolidated balance sheets and consolidated statements of equity represents Hilton’s historical investment in us, the net effect of transactions with and allocations from Hilton and our accumulated earnings. Net transfers from Parent are included within Net Parent investment. The components of the Net transfers (to) from Parent on the consolidated statements of cash flows and consolidated statements of equity were: Year Ended December 31, 2017 2016 2015 (in millions) Cash pooling and general financing activities $ (9 ) $ (172 ) $ (172 ) Corporate allocations — 66 56 Income taxes (4 ) 146 119 Net transfers (to) from Parent $ (13 ) $ 40 $ 3 Cash Management Hilton uses a centralized approach for cash management. Transfers of cash both to and from Hilton are included within Net transfer from Parent on the consolidated statements of cash flows and consolidated statements of equity. Historically, Hilton has not charged us interest expense and we have not earned interest revenue on our net cash balance due to or from Hilton, respectively. Prior to 2017, cash at certain of our properties secured by our 2013 CMBS loans coupled with our non-wholly owned entities and VIEs (“Restricted Subsidiaries”) may only be transferred to the extent the Restricted Subsidiaries declare a dividend. During the years ended December 31, 2016 and 2015, the Restricted Subsidiaries paid cash dividends which are presented in the consolidated statements of cash flows and consolidated statements of equity as Cash dividends paid to Parent. Corporate Allocations Our historical consolidated statements of comprehensive income include allocations of costs from certain corporate and shared functions provided to us by Hilton. Refer to Note 2: “Basis of Presentation and Summary of Significant Accounting Policies” for additional information. During the years ended December 31, 2016 and 2015 we recognized $66 million and $56 million, respectively, of costs within Corporate general and administrative in the consolidated statements of comprehensive income related to allocations of corporate general and administrative expenses from Parent. Borrowings from Parent In 2015, we borrowed $45 million from Hilton with an interest rate of 1.82%. The note and accrued interest was forgiven in September 2016 and we recognized $45 million as a non-cash contribution from Hilton. Non-cash Distribution to and Contribution from Parent In December 2016, the $450 million loan on the Hilton Orlando Bonnet Creek was repaid in full. We repaid $158 million of the loan and the remaining $292 million was repaid by a wholly owned subsidiary of Hilton and recognized as a non-cash equity contribution from Parent. In September 2016, we distributed interests in entities with ownership interests in the DoubleTree Hotel Missoula/Edgewater and the Hilton Templepatrick Hotel & Country Club to Hilton as these two hotels were not retained by us. The amount of the non-cash equity distribution, representing the carrying value of the assets and liabilities associated with these entities, was $20 million.

Geographic and Business Segment

Geographic and Business Segment Information	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Geographic and Business Segment Information	Note 16: Geographic and Business Segment Information We have two operating segments, our consolidated hotels and unconsolidated hotels. Our unconsolidated hotels operating segment does not meet the definition of a reportable segment, thus our consolidated hotels is our only reportable segment. We evaluate our consolidated hotels primarily based on hotel adjusted earnings before interest expense, taxes and depreciation and amortization (“EBITDA”). Hotel Adjusted EBITDA is calculated as EBITDA, further adjusted to exclude: • Gains or losses on sales of assets for both consolidated and unconsolidated investments; • Gains or losses on foreign currency transactions; • Transition costs related to our establishment as an independent, publicly traded company; • Share-based compensation expense; • Non-cash impairment losses; and • Other items that we believe are not representative of our current or future operating performance. The following table presents revenues for our consolidated hotels reconciled to our consolidated amounts and Hotel Adjusted EBITDA to net income: Year Ended December 31, 2017 2016 2015 (in millions) Revenues: Total consolidated hotel revenue $ 2,727 $ 2,704 $ 2,668 Other revenue 64 23 20 Total revenues $ 2,791 $ 2,727 $ 2,688 Hotel Adjusted EBITDA $ 758 $ 804 $ 811 Other revenue 64 23 20 Casualty and impairment loss, net (26 ) (15 ) — Depreciation and amortization expense (288 ) (300 ) (287 ) Corporate general and administrative (68 ) (71 ) (83 ) Other expenses (63 ) (19 ) (16 ) Interest income 2 2 1 Interest expense (124 ) (181 ) (186 ) Equity in earnings from investments in affiliates 40 3 22 (Loss) gain on foreign currency transactions (4 ) 3 — Income tax benefit (expense) 2,346 (82 ) (118 ) Other items (1) (6 ) (28 ) 135 Net income $ 2,631 $ 139 $ 299 (1) For 2015, includes $143 million of gain on sale of assets, net. The following table presents total assets for our consolidated hotels, reconciled to consolidated amounts: December 31, 2017 2016 (in millions) Consolidated hotels $ 9,623 $ 9,747 All other 91 87 $ 9,714 $ 9,834 The following table presents total revenues and property and equipment, net for each of the geographical areas in which we operate: As of and for the Year Ended December 31, 2017 2016 2015 Revenues Property and Equipment, net Revenues Property and Equipment, net Revenues Property and Equipment, net (in millions) United States (1)(2) $ 2,618 $ 8,089 $ 2,580 $ 8,300 $ 2,524 $ 8,422 United Kingdom 96 80 80 74 94 108 All other 77 142 67 167 70 146 $ 2,791 $ 8,311 $ 2,727 $ 8,541 $ 2,688 $ 8,676 (1) Includes revenues of $13 million for each of the years ended December 31, 2017, 2016 and 2015, respectively, from our laundry operations which is not part of our segment. Also includes property and equipment, net of $5 million, $4 million and $3 million as of December 31, 2017, 2016 and 2015, respectively, from our laundry operations. (2) Excludes $31 million of property and equipment, net classified as held for sale as of December 31, 2017.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 17: Commitments and Contingencies In September 2017, Hurricanes Irma and Maria caused damage and disruption at certain of our hotels in Florida and the Caribe Hilton. The majority of our hotels in Florida sustained minor damage and remained open, while our two hotels in Key West sustained moderate damage and disruption and were closed for several weeks. Additionally, the Caribe Hilton sustained significant damage and is expected to be closed throughout 2018. We expect that insurance proceeds, excluding any applicable insurance deductibles, will be sufficient to cover a significant portion of the property damage to the hotels and the near-term loss of business. We have estimated the total amount of damages and insurance proceeds, and have recognized a total loss of $16 million representing losses up to the amount of our deductibles. Refer to Note 5: “Property and Equipment.” The amount of the loss for property damage and insurance proceeds could change as more information becomes available. As of December 31, 2017, we had outstanding commitments under third-party contracts of approximately $120 million for capital expenditures at certain owned and leased properties. Our contracts contain clauses that allow us to cancel all or some portion of the work. If cancellation of a contract occurred, our commitment would be any costs incurred up to the cancellation date, in addition to any costs associated with the discharge of the contract. We are involved in litigation arising from the normal course of business, some of which includes claims for substantial sums. While the ultimate results of claims and litigation cannot be predicted with certainty, we expect that the ultimate resolution of all pending or threatened claims and litigation as of December 31, 2017 will not have a material effect on our consolidated results of operations, financial position or cash flows.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	12 Months Ended
	Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Infromation	Note 18: Supplemental Disclosures of Cash Flow Information Interest paid during the years ended December 31, 2017, 2016 and 2015, was $118 million, $169 million and $176 million, respectively. We paid $16 million in income taxes in 2017. There were no income taxes paid by us during the years ended December 31, 2016 and 2015. Capital expenditures included within Accounts payable and accrued expenses in our consolidated balance sheets were $20 million, $2 million, and $2 million at December 31, 2017, 2016 and 2015, respectively. The following non-cash investing and financing activities were excluded from the consolidated statements of cash flows: During the year ended December 31, 2017: • We transferred rooms at the New York Hilton Midtown and Hilton Waikoloa Village to HGV and accordingly derecognized $70 million of property and equipment, net and $72 million of the related liability due to HGV. • We issued $441 million in shares of common stock in connection with our E&P stock dividend. • We declared $120 million of dividends that were unpaid and accrued as of December 31, 2017. During the year ended December 31, 2016: • We received an equity contribution of $45 million from Hilton related to a note payable and accrued interest that was forgiven. • We made an equity distribution of $33 million to Hilton and derecognized $40 million of property and equipment, net, related to the transfer of certain floors at the Embassy Suites Washington, DC Georgetown to a wholly owned subsidiary of Parent. • We made an equity distribution of $203 million to Hilton related to the transfer of certain rooms at the New York Hilton Midtown and Hilton Waikoloa Village to a wholly owned subsidiary of Parent. • We made an equity distribution of $20 million related to the distribution of interests in entities in the DoubleTree Hotel Missoula/Edgewater and the Hilton Templepatrick Hotel & Country Club to Hilton. • We received an equity contribution of $292 million from Hilton related to the repayment of a portion of mortgage loan secured by the Hilton Orlando Bonnet Creek (“Bonnet Creek Loan”) on our behalf. During the year ended December 31, 2015: • We assumed the $450 million Bonnet Creek Loan as a result of an acquisition. • We received an equity contribution of $2 million from Hilton related to an obligation paid on our behalf by a wholly owned subsidiary of Hilton.

Selected Quarterly Financial In

Selected Quarterly Financial Information (unaudited)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Information (unaudited)	Note 19: Selected Quarterly Financial Information (unaudited) The following table sets forth the historical unaudited quarterly financial data for the periods indicated. The information for each of these periods has been prepared on the same basis as the audited consolidated financial statements and, in our opinion, reflects all adjustments necessary to present fairly our financial results. Operating results for previous periods do not necessarily indicate results that may be achieved in any future period. 2017 First Quarter Second Quarter Third Quarter Fourth Quarter Year (in millions) Revenues $ 684 $ 733 $ 688 $ 686 $ 2,791 Operating income 94 123 89 65 371 Net income 2,350 115 105 61 2,631 Net income attributable to stockholders 2,350 112 103 60 2,625 Earnings per share - Basic (1) 11.65 0.52 0.48 0.28 12.38 Earnings per share - Diluted (1) 11.02 0.52 0.48 0.28 12.21 (1) Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented, therefore, the sum of the quarterly EPS does not equal the EPS for the full year. 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Year (in millions) Revenues $ 661 $ 725 $ 671 $ 670 $ 2,727 Operating income 80 142 110 87 419 Net income 23 62 37 17 139 Net income attributable to stockholders 22 60 34 17 133 Earnings per share - Basic (1) 0.11 0.30 0.17 0.09 0.67 Earnings per share - Diluted (1) 0.11 0.30 0.17 0.09 0.67 (1) Basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off. Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	Note 20: Subsequent Events In January 2018, we sold the Hilton Rotterdam for a sales price of approximately $62 million. In February 2018, we sold 11 hotels, including a portfolio of three Embassy Suites hotels (Embassy Suites by Hilton Kansas City Overland Park, Embassy Suites by Hilton San Rafael Marin County and Embassy Suites by Hilton Atlanta Perimeter Center) for an aggregate sales price of approximately $96 million, a portfolio of seven hotels located in the United Kingdom (Hilton Blackpool, Hilton Belfast, Hilton London Angel Islington, Hilton Edinburgh Grosvenor, Hilton Coylumbridge, Hilton Bath City and Hilton Milton Keynes) for an aggregate sales price of approximately $189 million and the Hilton Durban for a sales price of $33 million. In January 2018, we received insurance proceeds of $16 million related to damage at certain of our hotels caused by Hurricanes Irma and Maria. In February 2018, we declared a quarterly cash dividend of $0.43 per share for the first quarter of 2018. The dividend will be payable on April 16, 2018 to each stockholder of record as of March 30, 2018.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2017
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	Park Hotels & Resorts Inc. Schedule III Real Estate and Accumulated Depreciation (Dollars in millions) December 31, 2017 Initial Cost Gross Amounts at Which Carried at Close of Period Hotel Property Encumbrances Land Building & Improvements Furniture, Fixtures & Equipment Costs Capitalized Subsequent to Acquisition Foreign Currency Adjustment Land Building & Improvements Furniture, Fixtures & Equipment Total Accumulated Depreciation Date of Construction Date Acquired (a) Life Upon Which Depreciation is Computed Waldorf Astoria Orlando $ — $ 34 $ 274 $ 29 $ 4 $ — $ 34 $ 274 $ 33 $ 341 $ (44 ) 2009 2/12/2015 3 - Casa Marina, A Waldorf Astoria Resort — 164 174 9 2 — 165 173 11 349 (19 ) 1920 2/17/2015 3 - 40 years The Reach, A Waldorf Astoria Resort — 57 67 3 3 — 57 68 5 130 (7 ) 1970 2/17/2015 3 - 40 years Hilton Hawaiian Village Beach Resort 1,275 925 807 17 293 — 954 1,012 76 2,042 (344 ) 1961 10/24/2007 3 - 40 years New York Hilton Midtown — 1,096 542 13 128 — 1,043 647 89 1,779 (198 ) 1963 10/24/2007 3 - 40 years Hilton San Francisco Union Square — (1) 113 232 16 138 — 113 331 55 499 (114 ) 1964 10/24/2007 3 - 40 years Hilton New Orleans Riverside — 89 217 3 84 — 90 254 49 393 (108 ) 1977 10/24/2007 3 - 40 years Hilton Chicago — 69 233 12 155 — 69 340 60 469 (122 ) 1927 10/24/2007 3 - 40 years Hilton Waikoloa Village — 160 340 25 90 — 154 391 70 615 (167 ) 1988 10/24/2007 3 - 40 years Parc 55 San Francisco - A Hilton Hotel 725 (1) 175 315 32 8 — 175 320 35 530 (45 ) 1984 2/12/2015 3 - 40 years Hilton Orlando Bonnet Creek — 15 377 31 9 — 16 381 35 432 (52 ) 2009 2/12/2015 3 - 40 years Caribe Hilton — 38 56 7 (7 ) — 39 39 16 94 (30 ) 1949 10/24/2007 3 - 40 years Hilton Chicago O’Hare Airport — — 114 8 14 — — 116 20 136 (119 ) 1971 10/24/2007 3 - 40 years Hilton Orlando Lake Buena Vista — — 137 10 27 — — 152 22 174 (44 ) 1983 8/30/2010 3 - 40 years Hilton Boston Logan Airport — — 108 6 12 — — 113 13 126 (38 ) 1999 10/24/2007 3 - 40 years Pointe Hilton Squaw Peak Resort — 14 45 5 (19 ) — 5 23 17 45 (13 ) 1977 10/24/2007 3 - 40 years Hilton Miami Airport — 64 36 3 35 — 64 59 15 138 (26 ) 1984 12/14/2007 3 - 40 years Hilton Atlanta Airport — 10 99 3 26 — 10 113 15 138 (41 ) 1989 10/24/2007 3 - 40 years Hilton São Paulo Morumbi — 18 116 4 34 (70 ) 10 79 13 102 (23 ) 2002 10/24/2007 3 - 40 years Hilton McLean Tysons Corner — 50 82 3 (16 ) — 23 54 42 119 (51 ) 1987 10/24/2007 3 - 40 years Hilton Seattle Airport & Conference Center — — 70 3 15 — — 80 8 88 (32 ) 1961 10/24/2007 3 - 40 years Hilton Oakland Airport — — 13 3 — — — 9 7 16 (6 ) 1970 10/24/2007 3 - 40 years Hilton New Orleans Airport — 12 32 4 16 — 12 43 9 64 (18 ) 1989 10/24/2007 3 - 40 years Hilton Short Hills — 59 54 3 15 — 59 67 5 131 (19 ) 1988 10/24/2007 3 - 40 years Hilton Blackpool — 15 22 4 (5 ) (13 ) 4 12 7 23 (8 ) 1982 10/24/2007 3 - 40 years Hilton Rotterdam — 5 33 3 52 (11 ) 4 68 10 82 (23 ) 1963 10/24/2007 3 - 40 years Hilton Belfast — 1 13 2 12 (8 ) 1 11 8 20 (9 ) 1998 10/24/2007 3 - 40 years Hilton London Angel Islington — 4 18 3 14 (13 ) — 20 6 26 (9 ) 1997 10/24/2007 3 - 40 years Hilton Edinburgh Grosvenor — 2 17 3 22 (14 ) — 24 6 30 (10 ) 1999 10/24/2007 3 - 40 years Hilton Coylumbridge — 14 5 3 (17 ) (5 ) — — — — — 1965 10/24/2007 3 - 40 years Hilton Bath City — — 12 2 12 (8 ) — 12 6 18 (8 ) 1973 10/24/2007 3 - 40 years Hilton Nuremberg Hotel — — 2 — 7 — — 5 4 9 (5 ) 1990 5/31/2013 3 - 40 years Hilton Milton Keynes — 13 10 2 (10 ) (7 ) 3 3 2 8 (1 ) 1991 10/24/2007 3 - 40 years (1) Single $725 million CMBS loan secured by Hilton San Francisco Union Square and Parc 55 San Francisco – A Hilton Hotel. Park Hotels & Resorts Inc. Schedule III Real Estate and Accumulated Depreciation—(continued) (Dollars in millions) December 31, 2017 Initial Cost Gross Amounts at Which Carried at Close of Period Hotel Property Encumbrances Land Building & Improvements Furniture, Fixtures & Equipment Costs Capitalized Subsequent to Acquisition Foreign Currency Adjustment Land Building & Improvements Furniture, Fixtures & Equipment Total Accumulated Depreciation Date of Construction Date Acquired (a) Life Upon Which Depreciation is Computed Hilton Sheffield — — 14 2 (12 ) (4 ) — — — — — 1997 10/24/2007 3 - 40 years Hilton Salt Lake City Center — — — 10 18 — — 7 21 28 (20 ) 2002 10/24/2007 3 - 40 years Juniper Hotel Cupertino, Curio Collection — 40 64 8 2 — 40 64 10 114 (10 ) 1973 6/2/2015 3 - 40 years DoubleTree Hotel Washington DC—Crystal City — 43 95 2 48 — 43 127 18 188 (46 ) 1982 12/14/2007 3 - 40 years DoubleTree Hotel San Jose — 15 67 5 21 — 15 80 13 108 (30 ) 1980 10/24/2007 3 - 40 years DoubleTree Hotel Ontario Airport 30 14 58 3 4 — 12 59 8 79 (15 ) 1974 10/24/2007 3 - 40 years DoubleTree Hotel Spokane City Center 12 3 24 2 7 — 3 29 4 36 (8 ) 1986 1/1/2010 3 - 40 years DoubleTree Hotel Seattle Airport — — — 11 25 — — 11 25 36 (26 ) 1987 10/24/2007 3 - 40 years DoubleTree Hotel San Diego—Mission Valley — — — 2 17 — — 11 8 19 (8 ) 1989 10/24/2007 3 - 40 years DoubleTree Hotel Sonoma Wine Country — — — 4 11 — — 6 9 15 (9 ) 1977 10/24/2007 3 - 40 years DoubleTree Hotel Durango — — — 2 6 — — 3 5 8 (5 ) 1985 10/24/2007 3 - 40 years The Fess Parker Santa Barbara Hotel — a DoubleTree Resort 165 71 50 2 14 — 71 60 6 137 (14 ) 1986 10/24/2007 3 - 40 years Embassy Suites Washington DC Georgetown — 62 53 2 (25 ) — 39 43 10 92 (12 ) 1990 12/4/2007 3 - 40 years Embassy Suites Parsippany — 6 32 1 3 — 6 33 3 42 (4 ) 1984 7/25/2014 3 - 40 years Embassy Suites Kansas City—Plaza — — 26 1 2 — — 27 2 29 (9 ) 1973 7/25/2014 3 - 40 years Embassy Suites Austin—Downtown Town Lake — — 45 2 16 — — 56 7 63 (23 ) 1983 10/24/2007 3 - 40 years Embassy Suites Atlanta—Perimeter Center — 6 22 1 1 — 6 23 1 30 (3 ) 1969 7/25/2014 3 - 40 years Embassy Suites San Rafael—Marin County — 7 27 1 2 — 7 28 2 37 (3 ) 1990 7/25/2014 3 - 40 years Embassy Suites Kansas City—Overland Park — 2 12 — 2 — 2 12 2 16 (2 ) 1987 7/25/2014 3 - 40 years Embassy Suites Phoenix—Airport — — 15 1 (10 ) — — 2 4 6 (4 ) 1986 10/24/2007 3 - 40 years Total $ 2,207 $ 3,485 $ 5,276 $ 336 $ 1,305 $ (153 ) $ 3,348 $ 5,974 $ 927 $ 10,249 $ (2,004 ) (a) On October 24, 2007, a predecessor to our Parent became a wholly owned subsidiary of an affiliate of Blackstone following the completion of the Merger. Park Hotels & Resorts Inc. Schedule III Real Estate and Accumulated Depreciation—(continued) (Dollars in millions) December 31, 2017 Notes: (A) The change in total cost of properties for the fiscal years ended December 31, 2017, 2016 and 2015 is as follows: Year Ended December 31, 2017 2016 2015 (in millions) Balance at beginning of period $ 10,310 $ 10,253 $ 8,220 Additions during period: Acquisitions (1) — — 1,872 Capital expenditures 198 224 224 Deductions during period: Transfers to assets held for sale (46 ) — — Dispositions, including casualty losses and impairment loss on planned dispositions (236 ) (161 ) (3 ) Foreign exchange effect 23 (6 ) (60 ) Balance at end of period $ 10,249 $ 10,310 $ 10,253 (1) In 2015, as part of a tax deferred exchange of real property, certain properties from sellers affiliated with The Blackstone Group L.P., a related party at the time of the transaction, were acquired for a total purchase price of $1.76 billion. (B) The change in accumulated depreciation for the fiscal years ended December 31, 2017, 2016 and 2015 is as follows: Year Ended December 31, 2017 2016 2015 (in millions) Balance at beginning of period $ 1,832 $ 1,639 $ 1,372 Additions during period: Depreciation expense 280 292 279 Deductions during period: Transfers to assets held for sale (15 ) — — Dispositions, including casualty losses (85 ) (95 ) (3 ) Foreign exchange effect (8 ) (4 ) (9 ) Balance at end of period $ 2,004 $ 1,832 $ 1,639 (C) The aggregate cost of real estate for federal income tax purposes is approximately $5.407 billion as of December 31, 2017.

Basis of Presentation and Sum29

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Principles of Combination and Consolidation	Principles of Combination and Consolidation Subsequent to January 3, 2017, the consolidated financial statements include the accounts of the Company, our wholly owned subsidiaries and entities in which we have a controlling financial interest, including variable interest entities (“VIEs”) where we are the primary beneficiary. The pre-spin consolidated financial statements through January 3, 2017 represent the financial position and results of operations of entities held by us after the spin-off that had historically been under common control of the Parent. The pre-spin consolidated financial statements were prepared on a carve-out basis and reflect significant assumptions and allocations. The consolidated financial statements reflect our financial position, results of operations and cash flows, in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). All significant intercompany transactions and balances within these consolidated financial statements have been eliminated. On October 24, 2007, a predecessor to Hilton became a wholly owned subsidiary of an affiliate of The Blackstone Group L.P. (“Blackstone”) following the completion of a merger (“Merger”). Our consolidated financial statements reflect adjustments made as a result of applying push down accounting at the time of the Merger. The Company’s consolidated financial statements include certain assets and liabilities that have historically been held by Hilton but are specifically identifiable or otherwise attributable to the Company, including goodwill and intangibles.
Allocations	Allocations Through January 3, 2017, the pre-spin consolidated statements of comprehensive income included allocations of corporate general and administrative expenses from Hilton on the basis of financial and operating metrics that Hilton historically used to allocate resources and evaluate performance against its strategic objectives. We considered the basis on which expenses were allocated to be a reasonable reflection of the utilization of services provided to or the benefit received by us during the historical periods presented. However, the allocations may not include all of the actual expenses that would have been incurred by us and may not reflect our consolidated results of operations, financial position and cash flows had we been a stand-alone company during the historical periods presented. Actual costs that might have been incurred had we been a stand-alone company would depend on a number of factors, including the chosen organizational structure, what functions we might have performed ourselves or outsourced and strategic decisions we might have made in areas such as information technology and infrastructure. Following the spin-off, we performed these functions using our own resources or purchased services. For an interim period, some of these functions will continue to be provided by Hilton under our transition services agreement (“TSA”). Most of the functions performed under the TSA have concluded as of January 2018.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Reclassifications	Reclassifications Certain line items on the consolidated balance sheets as of December 31, 2016 and 2015 and on the statements of comprehensive income and statements of cash flows for the years ended December 31, 2016 and 2015 have been reclassified to conform to the current period presentation.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost, and interest applicable to major construction or development projects is capitalized. Costs of improvements that extend the economic life or improve service potential are also capitalized. Capitalized costs are depreciated over their estimated useful lives. Costs for normal repairs and maintenance are expensed as incurred. Depreciation is recorded using the straight-line method over the assets’ estimated useful lives, which are generally as follows: buildings and improvements (8 to 40 years); furniture and equipment (3 to 8 years); and computer equipment and acquired software (3 years). Leasehold improvements are depreciated over the shorter of the estimated useful life, based on the estimates above, or the lease term. We evaluate the carrying value of our property and equipment if there are indicators of potential impairment. We perform an analysis to determine the recoverability of the asset’s carrying value by comparing the expected undiscounted future cash flows to the net book value of the asset. If it is determined that the expected undiscounted future cash flows are less than the net book value of the asset, the excess of the net book value over the estimated fair value is recorded in our consolidated statements of comprehensive income within impairment losses. Fair value is generally estimated using valuation techniques that consider the discounted cash flows of the asset using discount and capitalization rates deemed reasonable for the type of asset, as well as prevailing market conditions, appraisals, recent similar transactions in the market and, if appropriate and available, current estimated net sales proceeds from pending offers. If sufficient information exists to reasonably estimate the fair value of a conditional asset retirement obligation, including environmental remediation liabilities, we recognize the fair value of the obligation when the obligation is incurred, which is generally upon acquisition, construction or development and/or through the normal operation of the asset.
Assets Held for Sale	Assets Held for Sale We classify a property as held for sale when we commit to a plan to sell the asset, the sale of the asset is probable within one year, and it is unlikely that action to complete the sale will change or that the sale will be withdrawn. When we determine that classification of an asset as held for sale is appropriate, we cease recording depreciation for the asset and value the property at the lower of depreciated cost or fair value, less costs to dispose. Further, the related assets and liabilities of the held for sale property will be classified as assets held for sale in our consolidated balance sheets. Any gains on sales of properties are recognized at the time of sale or deferred and recognized in net income (loss) in subsequent periods as any relevant conditions requiring deferral are satisfied.
Investments in Affiliates	Investments in Affiliates The consolidated financial statements include entities in which we have a controlling financial interest, including variable interest entities (“VIE”) where we are the primary beneficiary. The determination of a controlling financial interest is based upon the terms of the governing agreements of the respective entities, including the evaluation of rights held by other interests. If the entity is considered to be a VIE, we determine whether we are the primary beneficiary, and then consolidate those VIEs for which we have determined we are the primary beneficiary. If the entity in which we hold an interest does not meet the definition of a VIE, we evaluate whether we have a controlling financial interest through our voting interests in the entity. We consolidate entities when we own more than 50 percent of the voting shares of a company or otherwise have a controlling financial interest. References in these financial statements to Net income (loss) attributable to stockholders do not include non-controlling interests, which represent the outside ownership interests of our consolidated, non-wholly owned entities and are reported separately. We hold investments in affiliates that primarily own or lease hotels. Investments in affiliates over which we exercise significant influence, but lack a controlling financial interest, are accounted for using the equity method. We account for investments using the equity method when we have the ability to exercise significant influence over the entity, typically through a more than minimal investment. Our proportionate share of earnings (losses) from our equity method investments is presented as Equity in earnings (losses) from investments in affiliates in our consolidated statements of comprehensive income. Distributions from investments in affiliates are presented as an operating activity in our consolidated statements of cash flows when such distributions are a return on investment. Distributions from investments in affiliates are recorded as an investing activity in our consolidated statements of cash flows when such distributions are a return of investment. We assess the recoverability of our equity method investments if there are indicators of potential impairment. If an identified event or change in circumstances requires an evaluation to determine if an investment may have an other-than-temporary impairment, we assess the fair value of the investment based on accepted valuation methodologies, which include discounted cash flows, estimates of sales proceeds and external appraisals. If an investment’s fair value is below its carrying value and the decline is considered to be other-than-temporary, we will recognize an impairment loss in Equity in earnings (losses) from investments in affiliates in our consolidated statements of comprehensive income.
Non-controlling Interests	Non-controlling Interests We present the portion of any equity that we do not own in entities that we have a controlling financial interest (and thus consolidate) as non-controlling interests and classify those interests as a component of total equity, separate from total stockholders’ equity, on our consolidated balance sheets. For consolidated joint ventures with pro rata distribution allocations, net income or loss is allocated between the joint venture partners based on their respective stated ownership percentages. In addition, we include net income (loss) attributable to the noncontrolling interest in Net income (loss) in our consolidated statements of comprehensive income.
Goodwill	Goodwill Goodwill represents the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. We do not amortize goodwill, but rather evaluate goodwill for potential impairment on an annual basis or at other times during the year if events or circumstances indicate that the carrying amount may not be recoverable. We have two reporting units, consolidated and unconsolidated hotels, to which goodwill has been allocated. Certain of the entities that are included in our consolidated financial statements were consolidated subsidiaries of our Parent at the time of the Merger. Our Parent allocated goodwill to us based on the relative fair value of our properties compared to that of Parent’s ownership segment as of the date of the Merger. We review the carrying value of goodwill by comparing the carrying value of a reporting unit to its fair value. In any year, we may elect to perform a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is in excess of its carrying value. If we cannot determine qualitatively that the fair value is in excess of the carrying value, or we decide to bypass the qualitative assessment, we proceed to the two-step quantitative process. In the first step, we determine the fair value of the reporting unit. The valuation is based on internal projections of expected future cash flows and operating plans, as well as market conditions relative to the operations of our reporting unit. If the estimated fair value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired and the second step of the impairment test is not necessary. However, if the carrying amount of the reporting unit exceeds its estimated fair value, then the second step must be performed. In the second step, we estimate the implied fair value of goodwill, which is determined by taking the fair value of the reporting unit and allocating it to all of its assets and liabilities (including any unrecognized intangible assets) as if the reporting unit had been acquired in a business combination. If the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of that goodwill, the excess is recognized within Casualty and impairment loss, net in our consolidated statements of comprehensive income.
Intangible Assets	Intangible Assets Intangible assets with finite useful lives primarily include ground and hotel operating lease contracts recorded by our Parent at the time of the Merger and allocated to us based on either specific identification or the relative fair values as of the date of the Merger. These contract values are based on the present value of the difference between contractual amounts to be paid pursuant to the contracts acquired and the estimate of the fair value of rates for corresponding contracts measured over the period equal to the remaining non-cancelable term of the contract. Intangible assets are amortized using the straight-line method over the remaining non-cancelable term of the contract. We review all finite lived intangible assets for impairment when circumstances indicate that their carrying amounts may not be recoverable. If the carrying value of an asset group is not recoverable, we recognize an impairment loss for the excess of the carrying value over the fair value in our consolidated statements of comprehensive income.
Asset Acquisitions	Asset Acquisitions We consider an asset acquisition to occur when substantially all the fair value of an acquisition is concentrated in a single identifiable asset or a group of similar identifiable assets. In an acquisition of assets, we are not required to expense our acquisition-related costs, and goodwill is not assigned. We will account for the properties purchased as asset acquisitions by allocating the total cash consideration, including transaction costs, to the individual assets acquired and liabilities assumed, respectively, on a relative fair value basis.
Business Combinations	Business Combinations We consider a business combination to occur when we take control of a business by acquiring its net assets or equity interests. We record the assets acquired, liabilities assumed and non-controlling interests at fair value as of the acquisition date, including any contingent consideration. We evaluate factors, including market data for similar assets, expected future cash flows discounted at risk-adjusted rates and replacement cost for the assets to determine an appropriate fair value of the assets. Acquisition-related costs, such as due diligence, legal and accounting fees, are expensed in the period incurred and are not capitalized or applied in determining the fair value of the acquired assets.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with original maturities, when purchased, of three months or less.
Restricted Cash	Restricted Cash Restricted cash includes cash balances established as lender reserves required by our debt agreements. For purposes of our consolidated statement of cash flows, changes in restricted cash caused by changes in lender reserves due to restrictions under our loan agreements are shown as financing activities and changes in deposits for assets we plan to acquire are shown as investing activities.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts An allowance for doubtful accounts is provided on accounts receivable when losses are probable based on historical collection activity and current business conditions.
Fair Value Measurements—Valuation Hierarchy	Fair Value Measurements—Valuation Hierarchy Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date (an exit price). We use the three-level valuation hierarchy for classification of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. Inputs refer broadly to the assumptions that market participants would use in pricing an asset or liability. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources. Unobservable inputs are inputs that reflect our own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-level hierarchy of inputs is summarized below: • Level 1—Valuation is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2—Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the instrument. • Level 3—Valuation is based upon other unobservable inputs that are significant to the fair value measurement. The classification of assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement in its entirety at the end of each reporting period.
Derivative Instruments	Derivative Instruments We may use derivative instruments as part of our overall strategy to manage our exposure to market risks associated with fluctuations in interest rates. We will regularly monitor the financial stability and credit standing of the counterparties to our derivative instruments. Under the terms of certain loan agreements, we may be required to maintain derivative financial instruments to manage interest rates. We do not enter into derivative financial instruments for trading or speculative purposes. We record all derivatives at fair value. On the date the derivative contract is entered, we designate the derivative as one of the following: a hedge of a forecasted transaction or the variability of cash flows to be paid (“cash flow hedge”); a hedge of the fair value of a recognized asset or liability (“fair value hedge”); or an undesignated hedge instrument. Changes in the fair value of a derivative that is qualified, designated and highly effective as a cash flow hedge or net investment hedge are recorded in Other comprehensive income (loss) in the consolidated statements of comprehensive income until they are reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Changes in the fair value of a derivative that is qualified, designated and highly effective as a fair value hedge, along with the gain or loss on the hedged asset or liability that is attributable to the hedged risk, are recorded in current period earnings. Changes in the fair value of undesignated derivative instruments and the ineffective portion of designated derivative instruments are reported in current period earnings. Cash flows from designated derivative financial instruments are classified within the same category as the item being hedged in the consolidated statements of cash flows. Cash flows from undesignated derivative financial instruments are included as an investing activity in our consolidated statements of cash flows. If we determine that we qualify for and will designate a derivative as a hedging instrument, at the designation date we formally document all relationships between hedging activities, including the risk management objective and strategy for undertaking various hedge transactions. This process includes matching all derivatives that are designated as cash flow hedges to specific forecasted transactions and linking all derivatives designated as fair value hedges to specific assets and liabilities in our consolidated balance sheets. To the extent we have designated a derivative as a hedging instrument, each reporting period we assess the effectiveness of our designated hedges in offsetting the variability in the cash flows or fair values of the hedged assets or obligations using the Hypothetical Derivative Method. This method compares the cumulative change in fair value of each hedging instrument to the cumulative change in fair value of a hypothetical hedging instrument, which has terms that identically match the critical terms of the respective hedged transactions. Thus, the hypothetical hedging instrument is presumed to perfectly offset the hedged cash flows. Ineffectiveness results when the cumulative change in the fair value of the hedging instrument exceeds the cumulative change in the fair value of the hypothetical hedging instrument. We discontinue hedge accounting prospectively, when the derivative is not highly effective as a hedge, the underlying hedged transaction is no longer probable, or the hedging instrument expires, is sold, terminated or exercised.
Revenue Recognition	Revenue Recognition Our results of operations primarily consist of room rentals, food and beverage sales and other ancillary goods and services from hotel properties. Other revenues are from our laundry business and service arrangements with Hilton Grand Vacations (“HGV”). Revenues are recognized when rooms are occupied or goods and services have been delivered or rendered. Additionally, we collect sales, use, occupancy and similar taxes at our hotels, which we present on a net basis (excluded from revenues) in our consolidated statements of comprehensive income.
Currency Transactions	Currency Translation The United States dollar (“USD”) is our reporting currency and is the functional currency of our consolidated and unconsolidated entities operating in the U.S. The functional currency for our consolidated and unconsolidated entities operating outside of the U.S. is the currency of the primary economic environment in which the respective entity operates. Assets and liabilities measured in foreign currencies are translated into USD at the prevailing exchange rates in effect as of the financial statement date and the related gains and losses, net of applicable deferred income taxes, are reflected in Accumulated other comprehensive income (loss) in our consolidated balance sheets. Income and expense accounts are translated at the average exchange rate for the period. Gains and losses from foreign exchange rate changes related to transactions denominated in a currency other than an entity’s function currency are recognized as Gain (loss) on foreign currency transactions in our consolidated statements of comprehensive income.
Share-based Compensation	Share-based Compensation We recognize the cost of services received in share-based payment transactions with employees and non-employee directors as services are received and recognize a corresponding increase in additional paid-in capital for equity classified awards. We account for any forfeitures when they occur. The measurement objective for these equity awards is the estimated fair value at the grant date of the equity instruments that we will be obligated to issue when employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. The compensation expense for an award classified as an equity instrument is recognized ratably over the requisite service period. The requisite service period is the period during which an employee is required to provide service in exchange for an award.
Income Taxes	Income Taxes We believe that we are organized in conformity with, and operate in a manner that will allow us to elect to be taxed as a REIT, for U.S. federal income tax purposes for our tax year ending December 31, 2017, and we expect to continue to be organized and operate in a manner qualify as a REIT. To qualify as a REIT, we must continually satisfy tests concerning, among other things, the real estate qualification of sources of our income, the real estate composition and values of our assets, the amounts we distribute to our stockholders and the diversity of ownership of our stock. To the extent we qualify as a REIT, we generally will not be subject to U.S. federal income tax on taxable income generated by our REIT activities that we distribute to our stockholders. Accordingly, no provision for U.S. federal income taxes has been included in our accompanying consolidated financial statements for the year ended December 31, 2017 related to our REIT activities, other than the derecognition and remeasurement of deferred tax assets and liabilities associated with our intention to be taxed as a REIT. In addition, we are subject to non-U.S. income tax on foreign held REIT activities. Further, our taxable REIT subsidiaries (“TRSs”) are generally subject to U.S. federal, state and local, and foreign income taxes (as applicable). Historically, we have been included in the consolidated federal income tax return of Hilton, as well as certain state tax returns where Hilton files on a consolidated or combined basis. For purposes of our pre-spin consolidated financial statements, we have recorded deferred tax balances as if we filed tax returns on a stand-alone basis separate from Hilton, but not as a REIT. The separate return method applies the accounting guidance for income taxes to the stand-alone financial statements as if we were a separate taxpayer and a standalone enterprise for the periods presented. The calculation of our income taxes on a separate return basis requires a considerable amount of judgment and use of both estimates and allocations. We believe that the assumptions and estimates used to determine these tax amounts are reasonable. However, our consolidated financial statements may not necessarily reflect what our tax amounts would have been if we had been a stand-alone enterprise during the periods presented. We account for income taxes using the asset and liability method. The objectives of accounting for income taxes are to recognize the amount of taxes payable or refundable for the current year, to recognize the deferred tax assets and liabilities that relate to tax consequences in future years, which result from differences between the respective tax basis of assets and liabilities and their financial reporting amounts, and tax loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which the respective temporary differences or operating loss or tax credit carry forwards are expected to be recovered or settled. The realization of deferred tax assets and tax loss and tax credit carry forwards is contingent upon the generation of future taxable income and other restrictions that may exist under the tax laws of the jurisdiction in which a deferred tax asset exists. Valuation allowances are provided to reduce such deferred tax assets to amounts more likely than not to be ultimately realized. We use a prescribed recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken in a tax return. For all income tax positions, we first determine whether it is “more-likely-than-not” that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. If it is determined that a position meets the more-likely-than-not recognition threshold, the benefit recognized in the financial statements is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon settlement.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Adopted Accounting Standards In November 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-18 ("ASU 2016-18"), Statement of Cash Flows (Topic 230): Restricted Cash In May 2017, the FASB issued ASU 2017-09 (“ASU 2017-09”), Stock Compensation (Topic 718): Scope of Modification Accounting, Stock Compensation. Accounting Standards Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09 (“ASU 2014-09”), Revenue from Contracts with Customers (Topic 606) Revenue Recognition (Topic 605) In February 2016, the FASB issued ASU No. 2016-02 (“ASU 2016-02”), Leases (Topic 842) Leases (Topic 840) In January 2017, the FASB issued ASU No. 2017-01(“ASU 2017-01”), Business combinations (Topic 805) – Clarifying the definition of a business

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2017
Acquisitions Disclosure [Abstract]
Summary of Fair Values of Assets Acquired and Liabilities Assumed	As of the acquisition dates, the fair values of the assets acquired and liabilities assumed were: (in millions) Property and equipment $ 1,868 Intangibles 4 Cash and cash equivalents 16 Restricted cash 8 Prepaid expenses 3 Other assets 2 Accounts payable and accrued expenses (25 ) Debt (450 ) Net assets acquired $ 1,426
Results of Operations from Properties Included in Consolidated Statement of Comprehensive Income	The results of operations from these properties included in the consolidated statement of comprehensive income for the year ended December 31, 2015 were: (in millions) Total revenues $ 316 Income before income taxes 58

Assets Held for Sale and Disp31

Assets Held for Sale and Disposals (Tables)	12 Months Ended
	Dec. 31, 2017
Discontinued Operations And Disposal Groups [Abstract]
Summary of Assets and Liabilities Held for Sale	Assets and liabilities held for sale related to the Hilton Durban were as follows as of December 31, 2017: (in millions) Assets: Property and equipment, net 31 Cash and cash equivalents 2 Accounts receivable 2 Prepaid expenses 2 Total Assets Held for Sale $ 37 Liabilities: Liabilities related to assets held for sale (1) $ 1 Total Liabilities Held for Sale $ 1 (1) Amounts included in Other liabilities in our consolidated balance sheet as of December 31, 2017.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Property and Equipment	Property and equipment were: December 31, 2017 (1) 2016 (in millions) Land $ 3,364 $ 3,397 Buildings and leasehold improvements 5,911 6,015 Furniture and equipment 966 922 Construction-in-progress 117 79 10,358 10,413 Accumulated depreciation and amortization (2,047 ) (1,872 ) $ 8,311 $ 8,541 (1) Excludes $31 million of property and equipment, net classified as held for sale as of December 31, 2017.

Consolidated Variable Interes33

Consolidated Variable Interest Entities and Investments in Affiliates (Tables)	12 Months Ended
	Dec. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Assets and Liabilities Included in Consolidated Balance Sheets	Our consolidated balance sheets include the following assets and liabilities of these entities: December 31, 2017 2016 (in millions) Property and equipment, net $ 215 $ 208 Cash and cash equivalents 14 14 Restricted cash 7 13 Accounts receivable, net 2 2 Prepaid expenses 2 2 Other assets 5 — Debt 207 207 Accounts payable and accrued expenses 15 6 Deferred income tax liabilities — 49
Schedule of Investment in Affiliates	Investments in affiliates were: December 31, Ownership % 2017 2016 (in millions) Hilton Berlin 40% $ 33 $ 31 Hilton San Diego Bayfront 25% 20 20 All others (7 hotels) 20% - 50% 31 30 $ 84 $ 81

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	12 Months Ended
	Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Balance and Related Activity	Our goodwill balance and related activity was: Goodwill Accumulated Impairment Losses Balance (in millions) Balance as of December 31, 2015 $ 2,751 $ (2,134 ) $ 617 Distribution to Parent (1) (41 ) 32 (9 ) Foreign currency translation (4 ) — (4 ) Balance as of December 31, 2016 2,706 (2,102 ) 604 Distribution to Parent — — — Foreign currency translation 2 — 2 Balance as of December 31, 2017 $ 2,708 $ (2,102 ) $ 606 (1)
Schedule of Intangible Assets	Intangible assets were: December 31, 2017 2016 (in millions) Acquired below market leases $ 60 $ 60 Acquired below market ground leases 14 13 Other 10 9 Accumulated amortization (43 ) (38 ) $ 41 $ 44
Schedule of Estimated Future Amortization Expense for Intangible Assets	As of December 31, 2017, we estimated our future amortization expense for our intangible assets to be: Year (in millions) 2018 $ 5 2019 5 2020 4 2021 3 2022 3 Thereafter 21 $ 41

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt	Debt balances, including obligations for capital leases, and associated interest rates as of December 31, 2017 were: Principal balance as of Interest Rate at December 31, 2017 Maturity Date December 31, 2017 December 31, 2016 (in millions) SF CMBS Loan 4.11% November 2023 $ 725 $ 725 HHV CMBS Loan 4.20% November 2026 1,275 1,275 Mortgage loans Average rate of 4.08% 2020 to 2026 (1) 207 207 Term Loan L + 1.45% December 2021 750 750 Revolving Credit Facility (2) L + 1.50% December 2021 (1) — — Unsecured notes N/A December 2017 — 55 Capital lease obligations Average rate of 7.00% 2019 to 2094 16 14 2,973 3,026 Less: unamortized deferred financing costs and discount (12 ) (14 ) $ 2,961 $ 3,012 (1) Assumes the exercise of all extensions that are exercisable solely at our option. (2) $1 billion available.
Debt Maturities	The contractual maturities of our debt as of December 31, 2017 were: Year (in millions) 2018 $ — 2019 — 2020 (1) 12 2021 750 2022 33 Thereafter 2,178 $ 2,973 (1) Assumes the exercise of all extensions that are exercisable solely at our option.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value of Certain Financial Instrument and Hierarchy Level Used to Estimate Fair Values	The fair value of certain financial instruments and the hierarchy level we used to estimate fair values are shown below: December 31, 2017 December 31, 2016 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (in millions) Liabilities: SF CMBS Loan 3 $ 725 $ 721 $ 725 $ 725 HHV CMBS Loan 3 1,275 1,256 1,275 1,275 Term Loan 3 750 749 750 750 Mortgage loans 3 207 204 207 208 Unsecured notes 1 — — 55 57
Schedule of Estimated Fair Values of Assets Measured on Nonrecurring Basis	The estimated fair values of these assets that were measured on a nonrecurring basis were: December 31, 2017 December 31, 2016 Fair Value (1) Impairment Loss Fair Value (2) Impairment Loss (in millions) Investments in affiliates $ — $ — $ 7 $ 17 Property and equipment 92 10 6 14 Intangibles — — — 1 Total $ 92 $ 10 $ 13 $ 32 (1) (2) Fair value for the year ended December 31, 2016, is measured using significant unobservable inputs (Level 3). We estimated fair value of the assets using discounted cash flow analyses, with estimated stabilized growth rates ranging from 1% to 3%, a discounted cash flow term between 10 to 15 years, terminal capitalization rates ranging from 5% to 8% percent, and discount rates ranging from 7% to 10%. The discount and terminal capitalization rates used for the fair value of the assets reflect the risk profile of the market where the property is located and are not necessarily indicative of our hotel portfolio as a whole.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Schedule of Future Minimum Rent Payments Under Non-Cancelable Leases	The future minimum rent payments under non-cancelable leases, due in each of the next five years and thereafter as of December 31, 2017, were: Operating Leases Capital Leases Year (in millions) 2018 $ 26 $ 1 2019 24 1 2020 25 1 2021 25 1 2022 25 1 Thereafter 201 74 Total minimum rent payments $ 326 79 Less: amount representing interest (63 ) Present value of net minimum rent payments $ 16
Schedule of Rent Expense	Rent expense for all operating leases, included in other property-level expenses, was: Year Ended December 31, 2017 2016 2015 (in millions) Minimum rentals $ 26 $ 25 $ 26 Contingent rentals 23 21 22 $ 49 $ 46 $ 48

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Domestic and Foreign Income Before Income Taxes	Our tax provision includes federal, state and foreign income taxes payable. The domestic and foreign components of income before income taxes were: Year Ended December 31, 2017 2016 2015 (in millions) U.S. income before tax $ 279 $ 188 $ 379 Foreign income before tax 6 33 38 Income before income taxes $ 285 $ 221 $ 417
Components of (Benefit) Provision for Income Taxes	The components of our (benefit) provision for income taxes were: Year Ended December 31, 2017 2016 2015 (in millions) Current: Federal $ 21 $ 130 $ 102 State 2 16 15 Foreign 9 2 8 Total current 32 148 125 Deferred: Federal (2,373 ) (60 ) 69 State — (7 ) (74 ) Foreign (5 ) 1 (2 ) Total deferred (2,378 ) (66 ) (7 ) Total (benefit) provision for income taxes $ (2,346 ) $ 82 $ 118
Schedule of Effective Income Tax Rate Reconciliation	Reconciliations of our tax provision at the U.S. statutory rate to the (benefit) provision for income taxes were: Year Ended December 31, 2017 2016 2015 (in millions) Statutory U.S. federal income tax provision $ 100 $ 77 $ 146 State income taxes, net of U.S. federal tax benefit 2 9 26 Foreign income tax expense 4 5 9 U.S. benefit of foreign taxes — (3 ) (6 ) Nontaxable liquidation of subsidiaries — — (34 ) Change in deferred tax asset valuation allowance 3 (2 ) (3 ) Change in basis difference in foreign subsidiaries — (5 ) (2 ) Tax rate change (25 ) — (81 ) Non-deductible goodwill — — 65 Non-deductible transaction costs — 3 — REIT income not subject to tax (83 ) — — Derecognition and remeasurement of deferred taxes (2,347 ) — — Other, net — (2 ) (2 ) (Benefit) provision for income taxes $ (2,346 ) $ 82 $ 118
Schedule of Composition of Net Deferred Tax Balances	Deferred income taxes represent the tax effect of the differences between the book and tax bases of assets and liabilities plus carryforward items. The composition of net deferred tax balances were as follows: December 31, 2017 2016 (in millions) Deferred income tax assets (1) $ 6 $ 4 Deferred income tax liabilities (65 ) (2,437 ) Net deferred tax liability $ (59 ) $ (2,433 ) (1) Included within Other assets in our consolidated balance sheets.
Schedule of Net Deferred Tax Liability	The tax effects of the temporary differences and carryforwards that give rise to our net deferred tax liability were: December 31, 2017 2016 (in millions) Deferred tax assets: Net operating loss carryforwards $ 10 $ 6 Unrealized foreign currency losses — 4 Other reserves 1 4 Capital lease obligations 2 8 Deferred income 3 7 Property and equipment 7 — Accrued compensation 2 — Other 2 4 Total gross deferred tax assets 27 33 Less: valuation allowance (4 ) — Deferred tax assets $ 23 $ 33 Deferred tax liabilities: Property and equipment $ (77 ) $ (2,382 ) Investments (4 ) (75 ) Amortizable intangible assets — (9 ) Other (1 ) — Deferred tax liabilities (82 ) (2,466 ) Net deferred tax liability $ (59 ) $ (2,433 )
Schedule of Cash Distributions to Stockholders for Federal Income Tax Purposes	For federal income tax purposes, the cash distributions to stockholders are characterized as follows: For the Year Ended December 31, 2017 Common distributions: Ordinary dividends $ 4.41 Qualified dividends 2.62

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Restricted Stock Awards ("RSAs")	Restricted Stock Awards (“RSAs”) generally vest in annual installments between one and three years from each grant date. The following table provides a summary of RSAs for the year ended December 31, 2017: Number of Shares Weighted-Average Grant Date Fair Value Unvested at January 1, 2017 — $ — Granted 594,213 26.52 Vested (106,795 ) 26.85 Forfeited (25,779 ) 26.22 Unvested at December 31, 2017 461,639 $ 26.47
Schedule of Performance Stock Units ("PSUs")	The following table provides a summary of PSUs for the year ended December 31, 2017: Number of Shares Weighted-Average Grant Date Fair Value Unvested at January 1, 2017 — $ — Granted 387,642 31.95 Vested — — Forfeited (16,085 ) 31.73 Unvested at December 31, 2017 371,557 $ 31.96
Schedule of Grant Date Fair Values of Awards Using Monte Carlo Simulation Valuation Model	The grant date fair values of these awards were determined using a Monte Carlo simulation valuation model with the following assumptions: Expected volatility (1) 25.5% - 29.5% Dividend yield (2) — Risk-free rate 1.2% - 1.5% Expected term 2 - 3 years (1) Due to limited trading history of our common stock, we used the historical and implied volatilities of our peer group in addition to our historical volatility over the performance period to estimate appropriate expected volatilities. (2) Dividends are assumed to be reinvested in shares of our common stock and dividends will not be paid unless shares vest.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	The following table presents the calculation of basic and diluted earnings per share (“EPS”): Year Ended December 31, 2017 2016 (1) 2015 (1) (in millions, except per share amounts) Numerator: Net income attributable to stockholders (2) $ 2,625 $ 133 $ 292 Earnings allocated to participating securities (8 ) — — Net income attributable to stockholders net of earnings allocated to participating securities $ 2,617 $ 133 $ 292 Denominator: Weighted average shares outstanding - basic 211 198 198 Net effect of shares issued with respect to E&P Dividend (3) 3 — — Weighted average shares outstanding - diluted 214 198 198 Basic EPS (4) $ 12.38 $ 0.67 $ 1.48 Diluted EPS (4) $ 12.21 $ 0.67 $ 1.48 (1) For 2016 and 2015, basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off. (2) Includes the derecognition and remeasurement of deferred tax assets and liabilities for the year ended December 31, 2017 of $2,347 million associated with our intent to be taxed as a REIT. (3) (4) Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.

Net Parent Investment (Tables)

Net Parent Investment (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Components of Net Transfers (to) from Parent on the Consolidated Statements of Cash Flows and Consolidated Statements of Equity	The components of the Net transfers (to) from Parent on the consolidated statements of cash flows and consolidated statements of equity were: Year Ended December 31, 2017 2016 2015 (in millions) Cash pooling and general financing activities $ (9 ) $ (172 ) $ (172 ) Corporate allocations — 66 56 Income taxes (4 ) 146 119 Net transfers (to) from Parent $ (13 ) $ 40 $ 3

Geographic and Business Segme42

Geographic and Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Reconciliation of Revenues from Consolidated Hotels to Condensed Consolidated Amounts and Hotel Adjusted EBITDA to Net Income	The following table presents revenues for our consolidated hotels reconciled to our consolidated amounts and Hotel Adjusted EBITDA to net income: Year Ended December 31, 2017 2016 2015 (in millions) Revenues: Total consolidated hotel revenue $ 2,727 $ 2,704 $ 2,668 Other revenue 64 23 20 Total revenues $ 2,791 $ 2,727 $ 2,688 Hotel Adjusted EBITDA $ 758 $ 804 $ 811 Other revenue 64 23 20 Casualty and impairment loss, net (26 ) (15 ) — Depreciation and amortization expense (288 ) (300 ) (287 ) Corporate general and administrative (68 ) (71 ) (83 ) Other expenses (63 ) (19 ) (16 ) Interest income 2 2 1 Interest expense (124 ) (181 ) (186 ) Equity in earnings from investments in affiliates 40 3 22 (Loss) gain on foreign currency transactions (4 ) 3 — Income tax benefit (expense) 2,346 (82 ) (118 ) Other items (1) (6 ) (28 ) 135 Net income $ 2,631 $ 139 $ 299 (1) For 2015, includes $143 million of gain on sale of assets, net.
Schedule of Total Assets by Consolidated Hotels, Reconciled To Condensed Consolidated Amounts	The following table presents total assets for our consolidated hotels, reconciled to consolidated amounts: December 31, 2017 2016 (in millions) Consolidated hotels $ 9,623 $ 9,747 All other 91 87 $ 9,714 $ 9,834
Revenues and Property and Equipment, Net for Each of Geographical Areas	The following table presents total revenues and property and equipment, net for each of the geographical areas in which we operate: As of and for the Year Ended December 31, 2017 2016 2015 Revenues Property and Equipment, net Revenues Property and Equipment, net Revenues Property and Equipment, net (in millions) United States (1)(2) $ 2,618 $ 8,089 $ 2,580 $ 8,300 $ 2,524 $ 8,422 United Kingdom 96 80 80 74 94 108 All other 77 142 67 167 70 146 $ 2,791 $ 8,311 $ 2,727 $ 8,541 $ 2,688 $ 8,676 (1) Includes revenues of $13 million for each of the years ended December 31, 2017, 2016 and 2015, respectively, from our laundry operations which is not part of our segment. Also includes property and equipment, net of $5 million, $4 million and $3 million as of December 31, 2017, 2016 and 2015, respectively, from our laundry operations. (2) Excludes $31 million of property and equipment, net classified as held for sale as of December 31, 2017.

Selected Quarterly Financial 43

Selected Quarterly Financial Information (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The following table sets forth the historical unaudited quarterly financial data for the periods indicated. The information for each of these periods has been prepared on the same basis as the audited consolidated financial statements and, in our opinion, reflects all adjustments necessary to present fairly our financial results. Operating results for previous periods do not necessarily indicate results that may be achieved in any future period. 2017 First Quarter Second Quarter Third Quarter Fourth Quarter Year (in millions) Revenues $ 684 $ 733 $ 688 $ 686 $ 2,791 Operating income 94 123 89 65 371 Net income 2,350 115 105 61 2,631 Net income attributable to stockholders 2,350 112 103 60 2,625 Earnings per share - Basic (1) 11.65 0.52 0.48 0.28 12.38 Earnings per share - Diluted (1) 11.02 0.52 0.48 0.28 12.21 (1) Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented, therefore, the sum of the quarterly EPS does not equal the EPS for the full year. 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Year (in millions) Revenues $ 661 $ 725 $ 671 $ 670 $ 2,727 Operating income 80 142 110 87 419 Net income 23 62 37 17 139 Net income attributable to stockholders 22 60 34 17 133 Earnings per share - Basic (1) 0.11 0.30 0.17 0.09 0.67 Earnings per share - Diluted (1) 0.11 0.30 0.17 0.09 0.67 (1) Basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off. Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.

Organization - Additional Infor

Organization - Additional Information (Details)	Jan. 03, 2017	Dec. 31, 2017
Organization [Line Items]
Spin-off conversion ratio	0.2
Description of spin-off conversion		As a result of the spin-off, each holder of Hilton common stock on the record date of December 15, 2016 received one share of our common stock for every five shares of Hilton common stock owned.
Park Intermediate Holdings LLC [Member]
Organization [Line Items]
Percentage of ownership interest	100.00%

Basis of Presentation and Sum45

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summary of Significant Accounting Policies [Line Items]
Provision for U.S federal income taxes	$ (2,346,000,000)	$ 82,000,000	$ 118,000,000
U.S. Federal Tax [Member] | REIT [Member]
Summary of Significant Accounting Policies [Line Items]
Provision for U.S federal income taxes	$ 0
Computer Equipment and Acquired Software [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful life	3 years
Minimum [Member] | Buildings and Improvements [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful life	8 years
Minimum [Member] | Furniture and Equipment [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful life	3 years
Maximum [Member] | Buildings and Improvements [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful life	40 years
Maximum [Member] | Furniture and Equipment [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful life	8 years

Acquisitions - Additional Infor

Acquisitions - Additional Informtions (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Business Acquisition [Line Items]
Business acquisition, total purchase price	$ 1,870
Total purchase price	1,872	[1]
Sellers Affiliated with Blackstone and an Unrelated Third Party [Member]
Business Acquisition [Line Items]
Business acquisition, transaction costs	26,000
Blackstone Group L.P. [Member]
Business Acquisition [Line Items]
Total purchase price	$ 1,760
[1]	In 2015, as part of a tax deferred exchange of real property, certain properties from sellers affiliated with The Blackstone Group L.P., a related party at the time of the transaction, were acquired for a total purchase price of $1.76 billion.

Acquisitions - Summary of Fair

Acquisitions - Summary of Fair Values of Assets Acquired and Liabilities Assumed (Detail) - Sellers Affiliated with Blackstone and an Unrelated Third Party [Member] $ in Millions	Dec. 31, 2015USD ($)
Business Acquisition [Line Items]
Property and equipment	$ 1,868
Intangibles	4
Cash and cash equivalents	16
Restricted cash	8
Prepaid expenses	3
Other assets	2
Accounts payable and accrued expenses	(25)
Debt	(450)
Net assets acquired	$ 1,426

Acquisitions - Results of Opera

Acquisitions - Results of Operations from Properties Included in Consolidated Statement of Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Total revenues	$ 686	$ 688	$ 733	$ 684	$ 670	$ 671	$ 725	$ 661	$ 2,791	$ 2,727	$ 2,688
Income before income taxes									$ 285	$ 221	417
Sellers Affiliated with Blackstone and an Unrelated Third Party [Member]
Business Acquisition [Line Items]
Total revenues											316
Income before income taxes											$ 58

Assets Held for Sale and Disp49

Assets Held for Sale and Disposals - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Gain on sale of assets, net	$ 1	$ 1	$ 143
Hilton Durban [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Sale price of disposal	33
Cash deposit, held in escrow as earnest money for disposal	$ 3
Waldorf Astoria New York [Member] | Consolidated hotels [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Sale price of disposal			1,950
Repaid in full existing, mortgage loan secured			525
Gain on sale of assets, net			143
Goodwill reduction on sale of assets			185
Waldorf Astoria New York [Member] | Consolidated hotels [Member] | Other Gain (Loss), Net [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Reduction in remaining carrying amount of debt issuance costs			$ 6

Assets Held for Sale and Disp50

Assets Held for Sale and Disposals - Summary of Assets and Liabilities Held for Sale (Detail) $ in Millions	Dec. 31, 2017USD ($)
Assets:
Property and equipment, net	$ 31
Hilton Durban [Member]
Assets:
Property and equipment, net	31
Cash and cash equivalents	2
Accounts receivable	2
Prepaid expenses	2
Total Assets Held for Sale	37
Liabilities:
Liabilities related to assets held for sale	1	[1]
Total Liabilities Held for Sale	$ 1
[1]	Amounts included in Other liabilities in our consolidated balance sheet as of December 31, 2017.

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Millions	Dec. 31, 2017	[1]	Dec. 31, 2016	Dec. 31, 2015
Property Plant And Equipment [Abstract]
Land	$ 3,364		$ 3,397
Buildings and leasehold improvements	5,911		6,015
Furniture and equipment	966		922
Construction-in-progress	117		79
Property and equipment, gross	10,358		10,413
Accumulated depreciation and amortization	(2,047)		(1,872)
Property and equipment, net	$ 8,311		$ 8,541	$ 8,676
[1]	Excludes $31 million of property and equipment, net classified as held for sale as of December 31, 2017.

Property and Equipment - Sche52

Property and Equipment - Schedule of Property and Equipment (Parenthetical) (Detail) $ in Millions	Dec. 31, 2017USD ($)
Property Plant And Equipment [Abstract]
Property and equipment, net	$ 31

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail)	1 Months Ended			12 Months Ended
	Dec. 31, 2017USD ($)Room	Sep. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2017USD ($)Room	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Oct. 31, 2016USD ($)Room
Property, Plant and Equipment [Line Items]
Depreciation				$ 283,000,000	$ 295,000,000	$ 283,000,000
Net capital lease assets included in property and equipment	$ 20,000,000			20,000,000	19,000,000
Accumulated depreciation of capital lease assets included in property and equipment	10,000,000			10,000,000	8,000,000
Hurricanes Irma and Maria [Member]
Property, Plant and Equipment [Line Items]
Expenses on property and equipment from hurricane damage		$ 20,000,000
Loss on property and equipment from hurricane damage		$ 54,000,000
Insurance proceeds received on hurricanes damage				2,000,000
Insurance settlements receivable on hurricanes damage	56,000,000			56,000,000
Business interruption insurance recognized	0			$ 0
New York Hilton Midtown [Member]
Property, Plant and Equipment [Line Items]
Net book value of assets							$ 66,000,000	$ 33,000,000
Non-cash equity distribution to parent							30,000,000
Derecognized property and equipment, net	32,000,000
Liability related to derecognized property and equipment, net	$ 33,000,000
New York Hilton Midtown [Member] | Time Share Project [Member]
Property, Plant and Equipment [Line Items]
Proceeds from sale of floors prior to spin-off							$ 22,000,000
Number of hotel rooms | Room								25
Hilton Waikoloa Village [Member]
Property, Plant and Equipment [Line Items]
Net book value of assets								$ 177,000,000
Number of hotel rooms | Room	600			600
Derecognized property and equipment, net				$ 38,000,000
Liability related to derecognized property and equipment, net				$ 39,000,000
Lease expiration month and year				2019-12
Number of rooms released | Room	134			134
Sale-leaseback liabilities remained	$ 138,000,000			$ 138,000,000	210,000,000
Hilton Waikoloa Village [Member] | Time Share Project [Member]
Property, Plant and Equipment [Line Items]
Number of hotel rooms | Room								600
Hilton New York Midtown [Member]
Property, Plant and Equipment [Line Items]
Sale-leaseback liabilities remained					210,000,000
Embassy Suites Washington, D.C. [Member]
Property, Plant and Equipment [Line Items]
Net book value of assets			$ 40,000,000
Non-cash equity distribution to parent					$ 33,000,000
cash consideration received for transferred assets			$ 0

Consolidated Variable Interes54

Consolidated Variable Interest Entities and Investments in Affiliates - Additional Information (Detail) $ in Millions	Dec. 31, 2017USD ($)Entity	Dec. 31, 2016USD ($)
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of consolidated VIEs | Entity	3
Debt of unconsolidated joint ventures | $	$ 962	$ 861

Consolidated Variable Interes55

Consolidated Variable Interest Entities and Investments in Affiliates - Schedule of Assets and Liabilities Included in Consolidated Balance Sheets (Detail) - USD ($) $ in Millions	Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Property and equipment, net	$ 8,311	[1]	$ 8,541	$ 8,676
Cash and cash equivalents	364		337
Restricted cash	15		13
Accounts receivable, net	125		130
Prepaid expenses	48		58
Other assets	83		26
Debt	2,961		3,012
Accounts payable and accrued expenses	215		167
Deferred income tax liabilities	65		2,437
Consolidated VIEs [Member]
Variable Interest Entity [Line Items]
Property and equipment, net	215		208
Cash and cash equivalents	14		14
Restricted cash	7		13
Accounts receivable, net	2		2
Prepaid expenses	2		2
Other assets	5
Debt	207		207
Accounts payable and accrued expenses	$ 15		6
Deferred income tax liabilities			$ 49
[1]	Excludes $31 million of property and equipment, net classified as held for sale as of December 31, 2017.

Consolidated Variable Interes56

Consolidated Variable Interest Entities and Investments in Affiliates - Schedule of Investments in Affiliates (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Schedule Of Equity Method Investments [Line Items]
Investments in affiliates	$ 84	$ 81
Hilton Berlin [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	40.00%
Investments in affiliates	$ 33	31
Hilton San Diego Bayfront [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	25.00%
Investments in affiliates	$ 20	20
All others (7 hotels) [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in affiliates	$ 31	$ 30
All others (7 hotels) [Member] | Minimum [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	20.00%
All others (7 hotels) [Member] | Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	50.00%

Goodwill and Intangibles - Addi

Goodwill and Intangibles - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2008
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill allocated	$ 2,708	$ 2,706	$ 2,751	$ 3,500
Impairment loss recognized	$ 2,102	$ 2,102	$ 2,134	$ 2,700

Goodwill and Intangibles - Sche

Goodwill and Intangibles - Schedule of Goodwill Balance and Related Activity (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill beginning balance, gross	$ 2,706	$ 2,751
Distribution to parent, gross		(41)
Goodwill ending balance, gross	2,708	2,706
Accumulated impairment losses, beginning balance	(2,102)	(2,134)
Accumulated impairment losses, distribution to parent		32
Accumulated impairment losses, ending balance	(2,102)	(2,102)
Goodwill, beginning balance	604	617
Distribution to parent		(9)
Foreign currency translation	2	(4)
Goodwill, ending balance	$ 606	$ 604

Goodwill and Intangibles - Sc59

Goodwill and Intangibles - Schedule of Intangible Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Acquired below market leases	$ 60	$ 60
Acquired below market ground leases	14	13
Other	10	9
Accumulated amortization	(43)	(38)
Intangible assets	$ 41	$ 44

Goodwill and Intangibles - Sc60

Goodwill and Intangibles - Schedule of Estimated Future Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
2,018	$ 5
2,019	5
2,020	4
2,021	3
2,022	3
Thereafter	21
Intangible assets	$ 41	$ 44

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Oct. 31, 2016
Debt Instrument [Line Items]
Debt and capital lease obligations, gross		$ 2,973	$ 3,026
Less: unamortized deferred financing costs and discount		(12)	(14)
Debt		2,961	3,012
SF CMBS Loan [Member]
Debt Instrument [Line Items]
Debt, gross		$ 725	725	$ 725
Debt instrument, interest rate, stated percentage		4.11%
Maturity Date		2023-11
HHV CMBS Loan [Member]
Debt Instrument [Line Items]
Debt, gross		$ 1,275	1,275	$ 1,275
Debt instrument, interest rate, stated percentage		4.20%
Maturity Date		2026-11
Mortgage Loans [Member]
Debt Instrument [Line Items]
Debt, gross		$ 207	207
Debt instrument, weighted average interest rate		4.08%
Maturity Date, start year	[1]	2,020
Maturity Date, end year	[1]	2,026
Term Loan [Member]
Debt Instrument [Line Items]
Debt, gross		$ 750	750
Debt instrument, interest rate		1.45%
Maturity Date		2021-12
Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt, gross			55
Maturity Date		2017-12
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Capital lease obligations		$ 16	$ 14
Debt instrument, weighted average interest rate		7.00%
Maturity Date, start year		2,019
Maturity Date, end year		2,094
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	[2]	1.50%
Maturity Date	[1],[2]	2021-12
[1]	Assumes the exercise of all extensions that are exercisable solely at our option.
[2]	$1 billion available.

Debt - Schedule of Debt (Parent

Debt - Schedule of Debt (Parenthetical) (Detail) $ in Billions	Dec. 31, 2017USD ($)
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount available for borrowing	$ 1

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2016USD ($)Option	Dec. 31, 2017USD ($)Entity	Oct. 31, 2016USD ($)
Debt Instrument [Line Items]
Number of consolidated VIEs | Entity		3
Restricted cash	$ 13	$ 15
Letters of credit outstanding, amount	$ 50
Maximum [Member]
Debt Instrument [Line Items]
Unused facility fee on the revolver	0.30%
Minimum [Member]
Debt Instrument [Line Items]
Unused facility fee on the revolver	0.20%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount available for borrowing		$ 1,000
Wells Fargo Bank [Member] | Maximum [Member]
Debt Instrument [Line Items]
Aggregate commitment or principal amount not exceed	$ 500
Wells Fargo Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Amount available for borrowing	$ 1,000
Scheduled maturity date	Dec. 24, 2020
Number of extension options | Option	2
Term of extension options period	6 months
Maturity date, description		The facility includes a $1 billion revolving credit facility (“Revolver”), which has a scheduled maturity date of December 24, 2020 with two, six-month extension options if certain conditions are satisfied, and a $750 million term loan (“Term Loan”).
SF CMBS Loan [Member]
Debt Instrument [Line Items]
Debt, gross	$ 725	$ 725	$ 725
HHV CMBS Loan [Member]
Debt Instrument [Line Items]
Debt, gross	1,275	1,275	$ 1,275
CMBS and mortgage loans [Member]
Debt Instrument [Line Items]
Restricted cash	13	14
Term Loan [Member]
Debt Instrument [Line Items]
Debt, gross	750	$ 750
Term Loan [Member] | Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Debt, gross	$ 750

Debt - Debt Maturities (Detail)

Debt - Debt Maturities (Detail) $ in Millions	Dec. 31, 2017USD ($)
Debt Disclosure [Abstract]
2,020	$ 12	[1]
2,021	750
2,022	33
Thereafter	2,178
Debt and capital lease obligations, gross	$ 2,973
[1]	Assumes the exercise of all extensions that are exercisable solely at our option.

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Certain Financial Instrument and Hierarchy Level Used to Estimate Fair Values (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Carrying amount [Member] | SF CMBS Loan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	$ 725	$ 725
Carrying amount [Member] | HHV CMBS Loan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	1,275	1,275
Carrying amount [Member] | Term Loan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	750	750
Carrying amount [Member] | Mortgage Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	207	207
Carrying amount [Member] | Unsecured Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured notes		55
Fair Value [Member] | SF CMBS Loan [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	721	725
Fair Value [Member] | HHV CMBS Loan [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	1,256	1,275
Fair Value [Member] | Term Loan [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	749	750
Fair Value [Member] | Mortgage Loans [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	$ 204	208
Fair Value [Member] | Unsecured Notes [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unsecured notes		$ 57

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Values of Assets Measured on Nonrecurring Basis (Detail) - Fair Value Measurements Nonrecurring [Member] - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2017		Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in affiliates, Fair Value	[1]			$ 7
Property and equipment, Fair Value		$ 92	[2]	6	[1]
Total, Fair Value		92	[2]	13	[1]
Investments in affiliates, Impairment loss				17
Property and equipment, Impairment loss		10		14
Intangibles, Impairment loss				1
Total, Impairment loss		$ 10		$ 32
[1]	Fair value for the year ended December 31, 2016, is measured using significant unobservable inputs (Level 3). We estimated fair value of the assets using discounted cash flow analyses, with estimated stabilized growth rates ranging from 1% to 3%, a discounted cash flow term between 10 to 15 years, terminal capitalization rates ranging from 5% to 8% percent, and discount rates ranging from 7% to 10%. The discount and terminal capitalization rates used for the fair value of the assets reflect the risk profile of the market where the property is located and are not necessarily indicative of our hotel portfolio as a whole
[2]	Fair value for the year ended December 31, 2017, is based upon the contracted sales price for a property, less costs to sell, as applicable (Level 2).

Fair Value Measurements - Est67

Fair Value Measurements - Estimated Fair Values of Assets Measured on Nonrecurring Basis (Parenthetical) (Detail) - Fair Value Measurements Nonrecurring [Member] - Level 3 [Member]	12 Months Ended
	Dec. 31, 2016
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate	1.00%
Discounted cash flow term	10 years
Terminal capitalization tate	5.00%
Discount rate	7.00%
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate	3.00%
Discounted cash flow term	15 years
Terminal capitalization tate	8.00%
Discount rate	10.00%

Leases - Additional Information

Leases - Additional Information (Details) - Hotel	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Leases [Abstract]
Number of hotel properties under operating leases	5	5
Number of hotel properties under capital leases	1	1
Number of hotel properties under lease land	13
Number of hotel properties under certain facilities	8
Leases starting expiration date	2,018
Leases ending expiration date	2,141
Date majority of leases expire	2,027

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Rent Payments Under Non-Cancelable Leases (Detail) $ in Millions	Dec. 31, 2017USD ($)
Operating Leases [Member]
Schedule of Future Lease Payments [Line Items]
2,018	$ 26
2,019	24
2,020	25
2,021	25
2,022	25
Thereafter	201
Total minimum rent payments	326
Capital Leases [Member]
Schedule of Future Lease Payments [Line Items]
2,018	1
2,019	1
2,020	1
2,021	1
2,022	1
Thereafter	74
Total minimum rent payments	79
Less: amount representing interest	(63)
Present value of net minimum rent payments	$ 16

Leases - Schedule of Rent Expen

Leases - Schedule of Rent Expense (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule Of Rent Expense [Abstract]
Minimum rentals	$ 26	$ 25	$ 26
Contingent rentals	23	21	22
Rent expense	$ 49	$ 46	$ 48

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Provision for U.S federal income taxes	$ (2,346,000,000)	$ 82,000,000	$ 118,000,000
Income taxes paid	16,000,000	0	0
Nontaxable liquidation of subsidiaries			(34,000,000)
Tax rate change	(25,000,000)		(81,000,000)
Net operating loss carryforwards	10,000,000	6,000,000
Valuation allowance	4,000,000
Hilton [Member]
Income Taxes [Line Items]
Income taxes paid		$ 146,000,000	$ 119,000,000
U.S. Federal Tax [Member] | REIT [Member]
Income Taxes [Line Items]
Provision for U.S federal income taxes	0
Federal, State and Foreign [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	71,000,000
Federal [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	5,000,000
State [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 14,000,000
Earliest Tax Year [Member]
Income Taxes [Line Items]
Net operating loss carry forwards expiration year	2,023
Latest Tax Year [Member]
Income Taxes [Line Items]
Net operating loss carry forwards expiration year	2,025
Foreign [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 52,000,000

Income Taxes - Schdule of Domes

Income Taxes - Schdule of Domestic and Foreign Income Before Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
U.S. income before tax	$ 279	$ 188	$ 379
Foreign income before tax	6	33	38
Income before income taxes	$ 285	$ 221	$ 417

Income Taxes - Components of (B

Income Taxes - Components of (Benefit) Provision for Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ 21	$ 130	$ 102
State	2	16	15
Foreign	9	2	8
Total current	32	148	125
Deferred:
Federal	(2,373)	(60)	69
State		(7)	(74)
Foreign	(5)	1	(2)
Total deferred	(2,378)	(66)	(7)
Total (benefit) provision for income taxes	$ (2,346)	$ 82	$ 118

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Statutory U.S. federal income tax provision	$ 100	$ 77	$ 146
State income taxes, net of U.S. federal tax benefit	2	9	26
Foreign income tax expense	4	5	9
U.S. benefit of foreign taxes		(3)	(6)
Nontaxable liquidation of subsidiaries			(34)
Change in deferred tax asset valuation allowance	3	(2)	(3)
Change in basis difference in foreign subsidiaries		(5)	(2)
Tax rate change	(25)		(81)
Non-deductible goodwill			65
Non-deductible transaction costs		3
REIT income not subject to tax	(83)
Derecognition and remeasurement of deferred taxes	(2,347)
Other, net		(2)	(2)
Total (benefit) provision for income taxes	$ (2,346)	$ 82	$ 118

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Composition of Net Deferred Tax Balances (Detail) - USD ($) $ in Millions		Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Deferred income tax assets	[1]	$ 6	$ 4
Deferred income tax liabilities		(65)	(2,437)
Net deferred tax liability		$ (59)	$ (2,433)
[1]	Included within Other assets in our consolidated balance sheets.

Income Taxes - Schedule of Net

Income Taxes - Schedule of Net Deferred Tax Liability (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Net operating loss carryforwards	$ 10	$ 6
Unrealized foreign currency losses		4
Other reserves	1	4
Capital lease obligations	2	8
Deferred income	3	7
Property and equipment	7
Accrued compensation	2
Other	2	4
Total gross deferred tax assets	27	33
Less: valuation allowance	(4)
Deferred tax assets	23	33
Deferred tax liabilities:
Property and equipment	(77)	(2,382)
Investments	(4)	(75)
Amortizable intangible assets		(9)
Other	(1)	0
Deferred tax liabilities	(82)	(2,466)
Net deferred tax liability	$ (59)	$ (2,433)

Income Taxes - Schedule of Cash

Income Taxes - Schedule of Cash Distributions to Stockholders for Federal Income Tax Purposes (Detail) - Common Stock [member]	12 Months Ended
	Dec. 31, 2017$ / shares
Income Taxes [Line Items]
Ordinary dividends	$ 4.41
Qualified dividends	$ 2.62

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017USD ($)shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, authorized shares	6,000,000,000
2017 Employee Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock reserved for future issuance	6,554,307
Compensation expense | $	$ 15,000,000
Unrecognized compensation costs related to unvested awards | $	$ 19,000,000
Unrecognized compensation costs related to unvested awards, weighted-average period	1 year 7 months 6 days
2017 Employee Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, authorized shares	8,000,000
2017 Director Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock reserved for future issuance	393,958
2017 Director Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, authorized shares	450,000
Performance Stock Units ("PSUs") [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights	zero to 200%
Performance Stock Units ("PSUs") [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award performance period	3 years
Vesting rights	200%
Performance Stock Units ("PSUs") [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award performance period	2 years
Market capitalization | $	$ 1,000,000,000
Vesting rights	0%

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Restricted Stock Awards ("RSAs") (Detail) - Restricted stock awards (RSAs) [Member]	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Granted | shares	594,213
Number of Shares, Vested | shares	(106,795)
Number of Shares, Forfeited | shares	(25,779)
Number of Shares, Ending balance | shares	461,639
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 26.52
Weighted Average Grant Date Fair Value, Vested | $ / shares	26.85
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	26.22
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 26.47

Share-Based Compensation - Sc80

Share-Based Compensation - Schedule of Performance Stock Units ("PSUs") (Detail) - Performance Stock Units ("PSUs") [Member]	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Granted | shares	387,642
Number of Shares, Forfeited | shares	(16,085)
Number of Shares, Ending balance | shares	371,557
Weighted Average Grant Date Fair Value, Granted | $ / shares	$ 31.95
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	31.73
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 31.96

Share-Based Compensation - Sc81

Share-Based Compensation - Schedule of Grant Date Fair Values of Awards Using Monte Carlo Simulation Valuation Model (Detail)	12 Months Ended
	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility, minimum	25.50%	[1]
Expected volatility, maximum	29.50%	[1]
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free rate	1.20%
Expected term	2 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Risk-free rate	1.50%
Expected term	3 years
[1]	Due to limited trading history of our common stock, we used the historical and implied volatilities of our peer group in addition to our historical volatility over the performance period to estimate appropriate expected volatilities.

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended																12 Months Ended
		Dec. 31, 2017		Sep. 30, 2017		Jun. 30, 2017		Mar. 31, 2017		Dec. 31, 2016		Sep. 30, 2016		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2017		Dec. 31, 2016	[2]	Dec. 31, 2015	[2]
Numerator:
Net income attributable to stockholders		$ 60		$ 103		$ 112		$ 2,350		$ 17		$ 34		$ 60		$ 22		$ 2,625	[1]	$ 133	[1]	$ 292	[1]
Earnings allocated to participating securities																		(8)
Net income attributable to stockholders net of earnings allocated to participating securities																		$ 2,617		$ 133		$ 292
Denominator:
Weighted average shares outstanding - basic																		211		198		198
Net effect of shares issued with respect to E&P Dividend	[3]																	3
Weighted average shares outstanding - diluted																		214		198		198
Basic EPS		$ 0.28	[4]	$ 0.48	[4]	$ 0.52	[4]	$ 11.65	[4]	$ 0.09	[5]	$ 0.17	[5]	$ 0.30	[5]	$ 0.11	[5]	$ 12.38	[4],[6]	$ 0.67	[5],[6]	$ 1.48	[6]
Diluted EPS		$ 0.28	[4]	$ 0.48	[4]	$ 0.52	[4]	$ 11.02	[4]	$ 0.09	[5]	$ 0.17	[5]	$ 0.30	[5]	$ 0.11	[5]	$ 12.21	[4],[6]	$ 0.67	[5],[6]	$ 1.48	[6]
[1]	Includes the derecognition and remeasurement of deferred tax assets and liabilities for the year ended December 31, 2017 of $2,347 million associated with our intent to be taxed as a REIT.
[2]	For 2016 and 2015, basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off.
[3]	Shares issued in connection with the distribution of our C corporation earnings and profits attributable to the period prior to spin-off (“E&P Dividend”).
[4]	Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented, therefore, the sum of the quarterly EPS does not equal the EPS for the full year.
[5]	Basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off. Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.
[6]	Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.

Earnings Per Share (Parenthetic

Earnings Per Share (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
Earnings Per Share [Abstract]
De-recognition and remeasurement of deferred tax assets and liabilities	$ 2,347

Hotel Management Operating an84

Hotel Management Operating and License Agreements - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)Hotel	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Hotel Management Operating and License Agreements [Line Items]
Description of renewal periods	allow for one or more renewal periods at the option of our hotel managers.
Number of hotels operate without management agreement | Hotel	4
Franchise agreements initial term	20 years
Marketing fees	$ 55	$ 56	$ 56
Employee cost reimbursements	$ 131	$ 130	$ 126
Minimum [Member]
Hotel Management Operating and License Agreements [Line Items]
Management agreements entered into spin-off terms	20 years
Management agreements total term	30 years
Maximum [Member]
Hotel Management Operating and License Agreements [Line Items]
Management agreements entered into spin-off terms	30 years
Management agreements total term	70 years

Net Parent Investment - Compone

Net Parent Investment - Components of Net Transfers (to) from Parent on the Consolidated Statements of Cash Flows and Consolidated Statements of Equity (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Net transfers (to) from Parent	$ (13)	$ 40	$ 3
Cash Pooling and General Financing Activities [Member]
Related Party Transaction [Line Items]
Net transfers (to) from Parent	(9)	(172)	(172)
Corporate Allocations [Member]
Related Party Transaction [Line Items]
Net transfers (to) from Parent		66	56
Income Taxes [Member]
Related Party Transaction [Line Items]
Net transfers (to) from Parent	$ (4)	$ 146	$ 119

Net Parent Investment - Additio

Net Parent Investment - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended		12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Net transfers (to) from Parent			$ (13)	$ 40	$ 3
Borrowings					$ 45
Contribution from Parent		$ 45		987
Non-cash equity distribution		$ 20
Hilton Orlando Bonnet Creek [Member]
Related Party Transaction [Line Items]
Repurchase amount	$ 450			450
Repayments of loan	158
Repayment of loan by subsidiary	$ 292
Parent Company
Related Party Transaction [Line Items]
Debt instrument, interest rate, stated percentage					1.82%
Corporate Allocations [Member]
Related Party Transaction [Line Items]
Net transfers (to) from Parent				$ 66	$ 56

Geographic and Business Segme87

Geographic and Business Segment Information - Hotel Properties by Segment (Detail)	12 Months Ended
	Dec. 31, 2017Segment
Segment Reporting [Abstract]
Number of operating business segments	2
Number of reportable segment	1

Geographic and Business Segme88

Geographic and Business Segment Information - Reconciliation of Revenues from Consolidated Hotels to Condensed Consolidated Amounts and Hotel Adjusted EBITDA to Net Income (Detail) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]
Total revenues		$ 686	$ 688	$ 733	$ 684	$ 670	$ 671	$ 725	$ 661	$ 2,791	$ 2,727	$ 2,688
Hotel Adjusted EBITDA										758	804	811
Casualty and impairment loss, net										(26)	(15)
Depreciation and amortization expense										(288)	(300)	(287)
Corporate general and administrative										(68)	(71)	(83)
Other expenses										(63)	(19)	(16)
Interest income										2	2	1
Interest expense										(124)	(181)	(186)
Equity in earnings from investments in affiliates										40	3	22
(Loss) gain on foreign currency transactions										(4)	3
Income tax benefit (expense)										2,346	(82)	(118)
Other items	[1]									(6)	(28)	135
Net income		$ 61	$ 105	$ 115	$ 2,350	$ 17	$ 37	$ 62	$ 23	2,631	139	299
Total consolidated hotel revenue [Member]
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]
Total revenues										2,727	2,704	2,668
Other [Member]
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]
Total revenues										$ 64	$ 23	$ 20
[1]	For 2015, includes $143 million of gain on sale of assets, net.

Geographic and Business Segme89

Geographic and Business Segment Information - Reconciliation of Revenues from Consolidated Hotels to Condensed Consolidated Amounts and Hotel Adjusted EBITDA to Net Income (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting [Abstract]
Gain on sale of assets, net	$ 1	$ 1	$ 143

Geographic and Business Segme90

Geographic and Business Segment Information - Schedule of Total Assets by Consolidated Hotels, Reconciled To Condensed Consolidated Amounts (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	$ 9,714	$ 9,834
Consolidated hotels [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	9,623	9,747
All other [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	$ 91	$ 87

Geographic and Business Segme91

Geographic and Business Segment Information - Revenues and Property and Equipment, Net for Each of Geographical Areas (Detail) - USD ($) $ in Millions		3 Months Ended									12 Months Ended
		Dec. 31, 2017		Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues		$ 686		$ 688	$ 733	$ 684	$ 670	$ 671	$ 725	$ 661	$ 2,791		$ 2,727	$ 2,688
Property and Equipment, net		8,311	[1]				8,541				8,311	[1]	8,541	8,676
United States [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues	[1],[2]										2,618		2,580	2,524
Property and Equipment, net	[1],[2]	8,089					8,300				8,089		8,300	8,422
United Kingdom [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues											96		80	94
Property and Equipment, net		80					74				80		74	108
All Other [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues											77		67	70
Property and Equipment, net		$ 142					$ 167				$ 142		$ 167	$ 146
[1]	Excludes $31 million of property and equipment, net classified as held for sale as of December 31, 2017.
[2]	Includes revenues of $13 million for each of the years ended December 31, 2017, 2016 and 2015, respectively, from our laundry operations which is not part of our segment. Also includes property and equipment, net of $5 million, $4 million and $3 million as of December 31, 2017, 2016 and 2015, respectively, from our laundry operations.

Geographic and Business Segme92

Geographic and Business Segment Information - Revenues and Property and Equipment, Net for Each of Geographical Areas (Parenthetical) (Detail) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues		$ 686	$ 688	$ 733	$ 684	$ 670	$ 671	$ 725	$ 661	$ 2,791	$ 2,727	$ 2,688
Property and Equipment, net										185	227	226
Property and equipment, net classified as held for sale		31								31
United States [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues	[1],[2]									2,618	2,580	2,524
United States [Member] | Laundry Operations [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues										13	13	13
Property and Equipment, net										5	$ 4	$ 3
South Africa [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Property and equipment, net classified as held for sale		$ 31								$ 31
[1]	Excludes $31 million of property and equipment, net classified as held for sale as of December 31, 2017.
[2]	Includes revenues of $13 million for each of the years ended December 31, 2017, 2016 and 2015, respectively, from our laundry operations which is not part of our segment. Also includes property and equipment, net of $5 million, $4 million and $3 million as of December 31, 2017, 2016 and 2015, respectively, from our laundry operations.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)	Sep. 30, 2017Hotel
Other Commitments [Line Items]
Purchase commitment, remaining minimum amount committed	$ 120
Hurricanes Irma and Maria [Member]
Other Commitments [Line Items]
Total loss recognized, representing losses up to the amount of deductibles	$ 16
Key West [Member] | Hurricanes Irma and Maria [Member]
Other Commitments [Line Items]
Number of hotels sustained damage | Hotel		2

Supplemental Disclosures of C94

Supplemental Disclosures of Cash Flow Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Supplemental Disclosure of Cash Flow Information [Line Items]
Interest Paid	$ 118,000,000	$ 169,000,000	$ 176,000,000
Income taxes paid	16,000,000	0	0
Capital expenditures included within accounts Payable and accrued expenses	$ 20,000,000	2,000,000	2,000,000
Common stock shares issued	441,000,000
Unpaid and accrued dividends	$ 120,000,000
Non-cash equity contribution related to obligation paid			2,000,000
Bonnet Creek Loan [Member]
Supplemental Disclosure of Cash Flow Information [Line Items]
Non-cash equity contribution from parent		292,000,000
Mortgage loan assumed			$ 450,000,000
Note Payable and Accrued Interest [Member]
Supplemental Disclosure of Cash Flow Information [Line Items]
Non-cash equity contribution from parent		45,000,000
New York Hilton Midtown and Hilton Waikoloa Village [Member]
Supplemental Disclosure of Cash Flow Information [Line Items]
Derecognized property and equipment, net	70,000,000
Non-cash equity distribution to parent		203,000,000
New York Hilton Midtown and Hilton Waikoloa Village [Member] | Hilton Grand Vacations [Member]
Supplemental Disclosure of Cash Flow Information [Line Items]
Liability related to derecognized property and equipment, net	$ 72,000,000
Embassy Suites Washington, D.C. [Member]
Supplemental Disclosure of Cash Flow Information [Line Items]
Derecognized property and equipment, net		40,000,000
Non-cash equity distribution to parent		33,000,000
Double Tree Hotel Missoula/Edgewater and Hilton Templepatrick Hotel & Country Club [Member]
Supplemental Disclosure of Cash Flow Information [Line Items]
Non-cash equity distribution related to distribution of interests in entities		$ 20,000,000

Selected Quarterly Financial 95

Selected Quarterly Financial Information (unaudited) (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended																12 Months Ended
	Dec. 31, 2017		Sep. 30, 2017		Jun. 30, 2017		Mar. 31, 2017		Dec. 31, 2016		Sep. 30, 2016		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 686		$ 688		$ 733		$ 684		$ 670		$ 671		$ 725		$ 661		$ 2,791		$ 2,727		$ 2,688
Operating income	65		89		123		94		87		110		142		80		371		419		586
Net income	61		105		115		2,350		17		37		62		23		2,631		139		299
Net income attributable to stockholders	$ 60		$ 103		$ 112		$ 2,350		$ 17		$ 34		$ 60		$ 22		$ 2,625	[1]	$ 133	[1],[2]	$ 292	[1],[2]
Earnings per share - Basic	$ 0.28	[3]	$ 0.48	[3]	$ 0.52	[3]	$ 11.65	[3]	$ 0.09	[4]	$ 0.17	[4]	$ 0.30	[4]	$ 0.11	[4]	$ 12.38	[3],[5]	$ 0.67	[2],[4],[5]	$ 1.48	[2],[5]
Earnings per share - Diluted	$ 0.28	[3]	$ 0.48	[3]	$ 0.52	[3]	$ 11.02	[3]	$ 0.09	[4]	$ 0.17	[4]	$ 0.30	[4]	$ 0.11	[4]	$ 12.21	[3],[5]	$ 0.67	[2],[4],[5]	$ 1.48	[2],[5]
[1]	Includes the derecognition and remeasurement of deferred tax assets and liabilities for the year ended December 31, 2017 of $2,347 million associated with our intent to be taxed as a REIT.
[2]	For 2016 and 2015, basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off.
[3]	Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented, therefore, the sum of the quarterly EPS does not equal the EPS for the full year.
[4]	Basic and diluted earnings per share were calculated using the number of shares of common stock outstanding upon the completion of the spin-off. Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.
[5]	Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.

Subsequent Events (Detail)

Subsequent Events (Detail) - Subsequent Event [member] $ / shares in Units, $ in Millions	1 Months Ended
	Feb. 28, 2018USD ($)Hotel$ / shares	Jan. 31, 2018USD ($)Hotel
Subsequent Event [Line Items]
Number of hotel portfolio properties sold | Hotel		11
Insurance proceeds received on hurricanes damage	$ 16
Cash dividend declared date	2018-02
Cash dividend payable amount per share | $ / shares	$ 0.43
Dividend payable date	Apr. 16, 2018
Dividend payable record date	Mar. 30, 2018
Hilton Durban [Member]
Subsequent Event [Line Items]
Sale price of disposal	$ 33
Hilton Rotterdam [Member]
Subsequent Event [Line Items]
Sale price of disposal		$ 62
Consolidated hotels [Member] | United Kingdom [Member]
Subsequent Event [Line Items]
Sale price of disposal	$ 189
Number of hotel portfolio properties sold | Hotel	7
Consolidated hotels [Member] | Embassy Suites Hotels [Member]
Subsequent Event [Line Items]
Sale price of disposal	$ 96
Number of hotel portfolio properties sold | Hotel	3

Schedule III - Real Estate an97

Schedule III - Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 2,207
Initial Cost, Land		3,485
Initial Cost, Building & Improvements		5,276
Initial Cost, Furniture, Fixtures & Equipment		336
Costs Capitalized Subsequent to Acquisition		1,305
Foreign Currency Adjustment		(153)
Gross Amounts at Which Carried at Close of Period, Land		3,348
Gross Amounts at Which Carried at Close of Period, Building & Improvements		5,974
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		927
Gross Amounts at Which Carried at Close of Period, Total		10,249	$ 10,310	$ 10,253	$ 8,220
Accumulated Depreciation		(2,004)	$ (1,832)	$ (1,639)	$ (1,372)
Waldorf Astoria Orlando [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		34
Initial Cost, Building & Improvements		274
Initial Cost, Furniture, Fixtures & Equipment		29
Costs Capitalized Subsequent to Acquisition		4
Gross Amounts at Which Carried at Close of Period, Land		34
Gross Amounts at Which Carried at Close of Period, Building & Improvements		274
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		33
Gross Amounts at Which Carried at Close of Period, Total		341
Accumulated Depreciation		$ (44)
Date of Construction		2,009
Date Acquired	[1]	Feb. 12, 2015
Waldorf Astoria Orlando [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Waldorf Astoria Orlando [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Casa Marina, A Waldorf Astoria Resort [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 164
Initial Cost, Building & Improvements		174
Initial Cost, Furniture, Fixtures & Equipment		9
Costs Capitalized Subsequent to Acquisition		2
Gross Amounts at Which Carried at Close of Period, Land		165
Gross Amounts at Which Carried at Close of Period, Building & Improvements		173
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		11
Gross Amounts at Which Carried at Close of Period, Total		349
Accumulated Depreciation		$ (19)
Date of Construction		1,920
Date Acquired	[1]	Feb. 17, 2015
Casa Marina, A Waldorf Astoria Resort [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Casa Marina, A Waldorf Astoria Resort [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
The Reach, A Waldorf Astoria Resort [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 57
Initial Cost, Building & Improvements		67
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		3
Gross Amounts at Which Carried at Close of Period, Land		57
Gross Amounts at Which Carried at Close of Period, Building & Improvements		68
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		5
Gross Amounts at Which Carried at Close of Period, Total		130
Accumulated Depreciation		$ (7)
Date of Construction		1,970
Date Acquired	[1]	Feb. 17, 2015
The Reach, A Waldorf Astoria Resort [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
The Reach, A Waldorf Astoria Resort [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Hawaiian Village Beach Resort [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 1,275
Initial Cost, Land		925
Initial Cost, Building & Improvements		807
Initial Cost, Furniture, Fixtures & Equipment		17
Costs Capitalized Subsequent to Acquisition		293
Gross Amounts at Which Carried at Close of Period, Land		954
Gross Amounts at Which Carried at Close of Period, Building & Improvements		1,012
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		76
Gross Amounts at Which Carried at Close of Period, Total		2,042
Accumulated Depreciation		$ (344)
Date of Construction		1,961
Date Acquired	[1]	Oct. 24, 2007
Hilton Hawaiian Village Beach Resort [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Hawaiian Village Beach Resort [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
New York Hilton Midtown [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 1,096
Initial Cost, Building & Improvements		542
Initial Cost, Furniture, Fixtures & Equipment		13
Costs Capitalized Subsequent to Acquisition		128
Gross Amounts at Which Carried at Close of Period, Land		1,043
Gross Amounts at Which Carried at Close of Period, Building & Improvements		647
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		89
Gross Amounts at Which Carried at Close of Period, Total		1,779
Accumulated Depreciation		$ (198)
Date of Construction		1,963
Date Acquired	[1]	Oct. 24, 2007
New York Hilton Midtown [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
New York Hilton Midtown [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton San Francisco Union Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 113
Initial Cost, Building & Improvements		232
Initial Cost, Furniture, Fixtures & Equipment		16
Costs Capitalized Subsequent to Acquisition		138
Gross Amounts at Which Carried at Close of Period, Land		113
Gross Amounts at Which Carried at Close of Period, Building & Improvements		331
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		55
Gross Amounts at Which Carried at Close of Period, Total		499
Accumulated Depreciation		$ (114)
Date of Construction		1,964
Date Acquired	[1]	Oct. 24, 2007
Hilton San Francisco Union Square [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton San Francisco Union Square [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton New Orleans Riverside [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 89
Initial Cost, Building & Improvements		217
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		84
Gross Amounts at Which Carried at Close of Period, Land		90
Gross Amounts at Which Carried at Close of Period, Building & Improvements		254
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		49
Gross Amounts at Which Carried at Close of Period, Total		393
Accumulated Depreciation		$ (108)
Date of Construction		1,977
Date Acquired	[1]	Oct. 24, 2007
Hilton New Orleans Riverside [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton New Orleans Riverside [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Chicago [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 69
Initial Cost, Building & Improvements		233
Initial Cost, Furniture, Fixtures & Equipment		12
Costs Capitalized Subsequent to Acquisition		155
Gross Amounts at Which Carried at Close of Period, Land		69
Gross Amounts at Which Carried at Close of Period, Building & Improvements		340
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		60
Gross Amounts at Which Carried at Close of Period, Total		469
Accumulated Depreciation		$ (122)
Date of Construction		1,927
Date Acquired	[1]	Oct. 24, 2007
Hilton Chicago [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Chicago [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Waikoloa Village [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 160
Initial Cost, Building & Improvements		340
Initial Cost, Furniture, Fixtures & Equipment		25
Costs Capitalized Subsequent to Acquisition		90
Gross Amounts at Which Carried at Close of Period, Land		154
Gross Amounts at Which Carried at Close of Period, Building & Improvements		391
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		70
Gross Amounts at Which Carried at Close of Period, Total		615
Accumulated Depreciation		$ (167)
Date of Construction		1,988
Date Acquired	[1]	Oct. 24, 2007
Hilton Waikoloa Village [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Waikoloa Village [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Parc 55 San Francisco - A Hilton Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 725
Initial Cost, Land		175
Initial Cost, Building & Improvements		315
Initial Cost, Furniture, Fixtures & Equipment		32
Costs Capitalized Subsequent to Acquisition		8
Gross Amounts at Which Carried at Close of Period, Land		175
Gross Amounts at Which Carried at Close of Period, Building & Improvements		320
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		35
Gross Amounts at Which Carried at Close of Period, Total		530
Accumulated Depreciation		$ (45)
Date of Construction		1,984
Date Acquired	[1]	Feb. 12, 2015
Parc 55 San Francisco - A Hilton Hotel [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Parc 55 San Francisco - A Hilton Hotel [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Orlando Bonnet Creek [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 15
Initial Cost, Building & Improvements		377
Initial Cost, Furniture, Fixtures & Equipment		31
Costs Capitalized Subsequent to Acquisition		9
Gross Amounts at Which Carried at Close of Period, Land		16
Gross Amounts at Which Carried at Close of Period, Building & Improvements		381
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		35
Gross Amounts at Which Carried at Close of Period, Total		432
Accumulated Depreciation		$ (52)
Date of Construction		2,009
Date Acquired	[1]	Feb. 12, 2015
Hilton Orlando Bonnet Creek [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Orlando Bonnet Creek [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Caribe Hilton [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 38
Initial Cost, Building & Improvements		56
Initial Cost, Furniture, Fixtures & Equipment		7
Costs Capitalized Subsequent to Acquisition		(7)
Gross Amounts at Which Carried at Close of Period, Land		39
Gross Amounts at Which Carried at Close of Period, Building & Improvements		39
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		16
Gross Amounts at Which Carried at Close of Period, Total		94
Accumulated Depreciation		$ (30)
Date of Construction		1,949
Date Acquired	[1]	Oct. 24, 2007
Caribe Hilton [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Caribe Hilton [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Chicago O’Hare Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 114
Initial Cost, Furniture, Fixtures & Equipment		8
Costs Capitalized Subsequent to Acquisition		14
Gross Amounts at Which Carried at Close of Period, Building & Improvements		116
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		20
Gross Amounts at Which Carried at Close of Period, Total		136
Accumulated Depreciation		$ (119)
Date of Construction		1,971
Date Acquired	[1]	Oct. 24, 2007
Hilton Chicago O’Hare Airport [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Chicago O’Hare Airport [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Orlando Lake Buena Vista [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 137
Initial Cost, Furniture, Fixtures & Equipment		10
Costs Capitalized Subsequent to Acquisition		27
Gross Amounts at Which Carried at Close of Period, Building & Improvements		152
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		22
Gross Amounts at Which Carried at Close of Period, Total		174
Accumulated Depreciation		$ (44)
Date of Construction		1,983
Date Acquired	[1]	Aug. 30, 2010
Hilton Orlando Lake Buena Vista [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Orlando Lake Buena Vista [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Boston Logan Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 108
Initial Cost, Furniture, Fixtures & Equipment		6
Costs Capitalized Subsequent to Acquisition		12
Gross Amounts at Which Carried at Close of Period, Building & Improvements		113
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		13
Gross Amounts at Which Carried at Close of Period, Total		126
Accumulated Depreciation		$ (38)
Date of Construction		1,999
Date Acquired	[1]	Oct. 24, 2007
Hilton Boston Logan Airport [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Boston Logan Airport [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Pointe Hilton Squaw Peak Resort [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 14
Initial Cost, Building & Improvements		45
Initial Cost, Furniture, Fixtures & Equipment		5
Costs Capitalized Subsequent to Acquisition		(19)
Gross Amounts at Which Carried at Close of Period, Land		5
Gross Amounts at Which Carried at Close of Period, Building & Improvements		23
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		17
Gross Amounts at Which Carried at Close of Period, Total		45
Accumulated Depreciation		$ (13)
Date of Construction		1,977
Date Acquired	[1]	Oct. 24, 2007
Pointe Hilton Squaw Peak Resort [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Pointe Hilton Squaw Peak Resort [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Miami Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 64
Initial Cost, Building & Improvements		36
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		35
Gross Amounts at Which Carried at Close of Period, Land		64
Gross Amounts at Which Carried at Close of Period, Building & Improvements		59
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		15
Gross Amounts at Which Carried at Close of Period, Total		138
Accumulated Depreciation		$ (26)
Date of Construction		1,984
Date Acquired	[1]	Dec. 14, 2007
Hilton Miami Airport [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Miami Airport [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Atlanta Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 10
Initial Cost, Building & Improvements		99
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		26
Gross Amounts at Which Carried at Close of Period, Land		10
Gross Amounts at Which Carried at Close of Period, Building & Improvements		113
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		15
Gross Amounts at Which Carried at Close of Period, Total		138
Accumulated Depreciation		$ (41)
Date of Construction		1,989
Date Acquired	[1]	Oct. 24, 2007
Hilton Atlanta Airport [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Atlanta Airport [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton São Paulo Morumbi [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 18
Initial Cost, Building & Improvements		116
Initial Cost, Furniture, Fixtures & Equipment		4
Costs Capitalized Subsequent to Acquisition		34
Foreign Currency Adjustment		(70)
Gross Amounts at Which Carried at Close of Period, Land		10
Gross Amounts at Which Carried at Close of Period, Building & Improvements		79
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		13
Gross Amounts at Which Carried at Close of Period, Total		102
Accumulated Depreciation		$ (23)
Date of Construction		2,002
Date Acquired	[1]	Oct. 24, 2007
Hilton São Paulo Morumbi [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton São Paulo Morumbi [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton McLean Tysons Corner [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 50
Initial Cost, Building & Improvements		82
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		(16)
Gross Amounts at Which Carried at Close of Period, Land		23
Gross Amounts at Which Carried at Close of Period, Building & Improvements		54
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		42
Gross Amounts at Which Carried at Close of Period, Total		119
Accumulated Depreciation		$ (51)
Date of Construction		1,987
Date Acquired	[1]	Oct. 24, 2007
Hilton McLean Tysons Corner [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton McLean Tysons Corner [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Seattle Airport & Conference Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 70
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		15
Gross Amounts at Which Carried at Close of Period, Building & Improvements		80
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		8
Gross Amounts at Which Carried at Close of Period, Total		88
Accumulated Depreciation		$ (32)
Date of Construction		1,961
Date Acquired	[1]	Oct. 24, 2007
Hilton Seattle Airport & Conference Center [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Seattle Airport & Conference Center [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Oakland Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 13
Initial Cost, Furniture, Fixtures & Equipment		3
Gross Amounts at Which Carried at Close of Period, Building & Improvements		9
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Total		16
Accumulated Depreciation		$ (6)
Date of Construction		1,970
Date Acquired	[1]	Oct. 24, 2007
Hilton Oakland Airport [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Oakland Airport [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton New Orleans Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 12
Initial Cost, Building & Improvements		32
Initial Cost, Furniture, Fixtures & Equipment		4
Costs Capitalized Subsequent to Acquisition		16
Gross Amounts at Which Carried at Close of Period, Land		12
Gross Amounts at Which Carried at Close of Period, Building & Improvements		43
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		9
Gross Amounts at Which Carried at Close of Period, Total		64
Accumulated Depreciation		$ (18)
Date of Construction		1,989
Date Acquired	[1]	Oct. 24, 2007
Hilton New Orleans Airport [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton New Orleans Airport [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Short Hills [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 59
Initial Cost, Building & Improvements		54
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		15
Gross Amounts at Which Carried at Close of Period, Land		59
Gross Amounts at Which Carried at Close of Period, Building & Improvements		67
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		5
Gross Amounts at Which Carried at Close of Period, Total		131
Accumulated Depreciation		$ (19)
Date of Construction		1,988
Date Acquired	[1]	Oct. 24, 2007
Hilton Short Hills [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Short Hills [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Blackpool [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 15
Initial Cost, Building & Improvements		22
Initial Cost, Furniture, Fixtures & Equipment		4
Costs Capitalized Subsequent to Acquisition		(5)
Foreign Currency Adjustment		(13)
Gross Amounts at Which Carried at Close of Period, Land		4
Gross Amounts at Which Carried at Close of Period, Building & Improvements		12
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Total		23
Accumulated Depreciation		$ (8)
Date of Construction		1,982
Date Acquired	[1]	Oct. 24, 2007
Hilton Blackpool [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Blackpool [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Rotterdam [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 5
Initial Cost, Building & Improvements		33
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		52
Foreign Currency Adjustment		(11)
Gross Amounts at Which Carried at Close of Period, Land		4
Gross Amounts at Which Carried at Close of Period, Building & Improvements		68
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		10
Gross Amounts at Which Carried at Close of Period, Total		82
Accumulated Depreciation		$ (23)
Date of Construction		1,963
Date Acquired	[1]	Oct. 24, 2007
Hilton Rotterdam [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Rotterdam [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Belfast [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 1
Initial Cost, Building & Improvements		13
Initial Cost, Furniture, Fixtures & Equipment		2
Costs Capitalized Subsequent to Acquisition		12
Foreign Currency Adjustment		(8)
Gross Amounts at Which Carried at Close of Period, Land		1
Gross Amounts at Which Carried at Close of Period, Building & Improvements		11
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		8
Gross Amounts at Which Carried at Close of Period, Total		20
Accumulated Depreciation		$ (9)
Date of Construction		1,998
Date Acquired	[1]	Oct. 24, 2007
Hilton Belfast [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Belfast [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton London Angel Islington [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 4
Initial Cost, Building & Improvements		18
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		14
Foreign Currency Adjustment		(13)
Gross Amounts at Which Carried at Close of Period, Building & Improvements		20
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		6
Gross Amounts at Which Carried at Close of Period, Total		26
Accumulated Depreciation		$ (9)
Date of Construction		1,997
Date Acquired	[1]	Oct. 24, 2007
Hilton London Angel Islington [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton London Angel Islington [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Edinburgh Grosvenor [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 2
Initial Cost, Building & Improvements		17
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		22
Foreign Currency Adjustment		(14)
Gross Amounts at Which Carried at Close of Period, Building & Improvements		24
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		6
Gross Amounts at Which Carried at Close of Period, Total		30
Accumulated Depreciation		$ (10)
Date of Construction		1,999
Date Acquired	[1]	Oct. 24, 2007
Hilton Edinburgh Grosvenor [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Edinburgh Grosvenor [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Coylumbridge [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 14
Initial Cost, Building & Improvements		5
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		(17)
Foreign Currency Adjustment		$ (5)
Date of Construction		1,965
Date Acquired	[1]	Oct. 24, 2007
Hilton Coylumbridge [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Coylumbridge [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Bath City [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 12
Initial Cost, Furniture, Fixtures & Equipment		2
Costs Capitalized Subsequent to Acquisition		12
Foreign Currency Adjustment		(8)
Gross Amounts at Which Carried at Close of Period, Building & Improvements		12
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		6
Gross Amounts at Which Carried at Close of Period, Total		18
Accumulated Depreciation		$ (8)
Date of Construction		1,973
Date Acquired	[1]	Oct. 24, 2007
Hilton Bath City [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Bath City [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Nuremberg Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 2
Costs Capitalized Subsequent to Acquisition		7
Gross Amounts at Which Carried at Close of Period, Building & Improvements		5
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		4
Gross Amounts at Which Carried at Close of Period, Total		9
Accumulated Depreciation		$ (5)
Date of Construction		1,990
Date Acquired	[1]	May 31, 2013
Hilton Nuremberg Hotel [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Nuremberg Hotel [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Milton Keynes [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 13
Initial Cost, Building & Improvements		10
Initial Cost, Furniture, Fixtures & Equipment		2
Costs Capitalized Subsequent to Acquisition		(10)
Foreign Currency Adjustment		(7)
Gross Amounts at Which Carried at Close of Period, Land		3
Gross Amounts at Which Carried at Close of Period, Building & Improvements		3
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		2
Gross Amounts at Which Carried at Close of Period, Total		8
Accumulated Depreciation		$ (1)
Date of Construction		1,991
Date Acquired	[1]	Oct. 24, 2007
Hilton Milton Keynes [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Milton Keynes [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Sheffield [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 14
Initial Cost, Furniture, Fixtures & Equipment		2
Costs Capitalized Subsequent to Acquisition		(12)
Foreign Currency Adjustment		$ (4)
Date of Construction		1,997
Date Acquired	[1]	Oct. 24, 2007
Hilton Sheffield [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Sheffield [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Salt Lake City Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Furniture, Fixtures & Equipment		$ 10
Costs Capitalized Subsequent to Acquisition		18
Gross Amounts at Which Carried at Close of Period, Building & Improvements		7
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		21
Gross Amounts at Which Carried at Close of Period, Total		28
Accumulated Depreciation		$ (20)
Date of Construction		2,002
Date Acquired	[1]	Oct. 24, 2007
Hilton Salt Lake City Center [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Salt Lake City Center [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Juniper Hotel Cupertino, Curio Collection [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 40
Initial Cost, Building & Improvements		64
Initial Cost, Furniture, Fixtures & Equipment		8
Costs Capitalized Subsequent to Acquisition		2
Gross Amounts at Which Carried at Close of Period, Land		40
Gross Amounts at Which Carried at Close of Period, Building & Improvements		64
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		10
Gross Amounts at Which Carried at Close of Period, Total		114
Accumulated Depreciation		$ (10)
Date of Construction		1,973
Date Acquired	[1]	Jun. 2, 2015
Juniper Hotel Cupertino, Curio Collection [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Juniper Hotel Cupertino, Curio Collection [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
DoubleTree Hotel Washington DC—Crystal City [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 43
Initial Cost, Building & Improvements		95
Initial Cost, Furniture, Fixtures & Equipment		2
Costs Capitalized Subsequent to Acquisition		48
Gross Amounts at Which Carried at Close of Period, Land		43
Gross Amounts at Which Carried at Close of Period, Building & Improvements		127
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		18
Gross Amounts at Which Carried at Close of Period, Total		188
Accumulated Depreciation		$ (46)
Date of Construction		1,982
Date Acquired	[1]	Dec. 14, 2007
DoubleTree Hotel Washington DC—Crystal City [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
DoubleTree Hotel Washington DC—Crystal City [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
DoubleTree Hotel San Jose [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 15
Initial Cost, Building & Improvements		67
Initial Cost, Furniture, Fixtures & Equipment		5
Costs Capitalized Subsequent to Acquisition		21
Gross Amounts at Which Carried at Close of Period, Land		15
Gross Amounts at Which Carried at Close of Period, Building & Improvements		80
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		13
Gross Amounts at Which Carried at Close of Period, Total		108
Accumulated Depreciation		$ (30)
Date of Construction		1,980
Date Acquired	[1]	Oct. 24, 2007
DoubleTree Hotel San Jose [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
DoubleTree Hotel San Jose [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
DoubleTree Hotel Ontario Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 30
Initial Cost, Land		14
Initial Cost, Building & Improvements		58
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		4
Gross Amounts at Which Carried at Close of Period, Land		12
Gross Amounts at Which Carried at Close of Period, Building & Improvements		59
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		8
Gross Amounts at Which Carried at Close of Period, Total		79
Accumulated Depreciation		$ (15)
Date of Construction		1,974
Date Acquired	[1]	Oct. 24, 2007
DoubleTree Hotel Ontario Airport [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
DoubleTree Hotel Ontario Airport [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
DoubleTree Hotel Spokane City Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 12
Initial Cost, Land		3
Initial Cost, Building & Improvements		24
Initial Cost, Furniture, Fixtures & Equipment		2
Costs Capitalized Subsequent to Acquisition		7
Gross Amounts at Which Carried at Close of Period, Land		3
Gross Amounts at Which Carried at Close of Period, Building & Improvements		29
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		4
Gross Amounts at Which Carried at Close of Period, Total		36
Accumulated Depreciation		$ (8)
Date of Construction		1,986
Date Acquired	[1]	Jan. 1, 2010
DoubleTree Hotel Spokane City Center [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
DoubleTree Hotel Spokane City Center [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
DoubleTree Hotel Seattle Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Furniture, Fixtures & Equipment		$ 11
Costs Capitalized Subsequent to Acquisition		25
Gross Amounts at Which Carried at Close of Period, Building & Improvements		11
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		25
Gross Amounts at Which Carried at Close of Period, Total		36
Accumulated Depreciation		$ (26)
Date of Construction		1,987
Date Acquired	[1]	Oct. 24, 2007
DoubleTree Hotel Seattle Airport [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
DoubleTree Hotel Seattle Airport [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
DoubleTree Hotel San Diego—Mission Valley [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Furniture, Fixtures & Equipment		$ 2
Costs Capitalized Subsequent to Acquisition		17
Gross Amounts at Which Carried at Close of Period, Building & Improvements		11
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		8
Gross Amounts at Which Carried at Close of Period, Total		19
Accumulated Depreciation		$ (8)
Date of Construction		1,989
Date Acquired	[1]	Oct. 24, 2007
DoubleTree Hotel San Diego—Mission Valley [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
DoubleTree Hotel San Diego—Mission Valley [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
DoubleTree Hotel Sonoma Wine Country [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Furniture, Fixtures & Equipment		$ 4
Costs Capitalized Subsequent to Acquisition		11
Gross Amounts at Which Carried at Close of Period, Building & Improvements		6
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		9
Gross Amounts at Which Carried at Close of Period, Total		15
Accumulated Depreciation		$ (9)
Date of Construction		1,977
Date Acquired	[1]	Oct. 24, 2007
DoubleTree Hotel Sonoma Wine Country [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
DoubleTree Hotel Sonoma Wine Country [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
DoubleTree Hotel Durango [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Furniture, Fixtures & Equipment		$ 2
Costs Capitalized Subsequent to Acquisition		6
Gross Amounts at Which Carried at Close of Period, Building & Improvements		3
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		5
Gross Amounts at Which Carried at Close of Period, Total		8
Accumulated Depreciation		$ (5)
Date of Construction		1,985
Date Acquired	[1]	Oct. 24, 2007
DoubleTree Hotel Durango [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
DoubleTree Hotel Durango [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
The Fess Parker Santa Barbara Hotel — a DoubleTree Resort [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 165
Initial Cost, Land		71
Initial Cost, Building & Improvements		50
Initial Cost, Furniture, Fixtures & Equipment		2
Costs Capitalized Subsequent to Acquisition		14
Gross Amounts at Which Carried at Close of Period, Land		71
Gross Amounts at Which Carried at Close of Period, Building & Improvements		60
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		6
Gross Amounts at Which Carried at Close of Period, Total		137
Accumulated Depreciation		$ (14)
Date of Construction		1,986
Date Acquired	[1]	Oct. 24, 2007
The Fess Parker Santa Barbara Hotel — a DoubleTree Resort [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
The Fess Parker Santa Barbara Hotel — a DoubleTree Resort [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Embassy Suites Washington DC Georgetown [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 62
Initial Cost, Building & Improvements		53
Initial Cost, Furniture, Fixtures & Equipment		2
Costs Capitalized Subsequent to Acquisition		(25)
Gross Amounts at Which Carried at Close of Period, Land		39
Gross Amounts at Which Carried at Close of Period, Building & Improvements		43
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		10
Gross Amounts at Which Carried at Close of Period, Total		92
Accumulated Depreciation		$ (12)
Date of Construction		1,990
Date Acquired	[1]	Dec. 4, 2007
Embassy Suites Washington DC Georgetown [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Embassy Suites Washington DC Georgetown [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Embassy Suites Parsippany [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 6
Initial Cost, Building & Improvements		32
Initial Cost, Furniture, Fixtures & Equipment		1
Costs Capitalized Subsequent to Acquisition		3
Gross Amounts at Which Carried at Close of Period, Land		6
Gross Amounts at Which Carried at Close of Period, Building & Improvements		33
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		3
Gross Amounts at Which Carried at Close of Period, Total		42
Accumulated Depreciation		$ (4)
Date of Construction		1,984
Date Acquired	[1]	Jul. 25, 2014
Embassy Suites Parsippany [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Embassy Suites Parsippany [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Embassy Suites Kansas City—Plaza [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 26
Initial Cost, Furniture, Fixtures & Equipment		1
Costs Capitalized Subsequent to Acquisition		2
Gross Amounts at Which Carried at Close of Period, Building & Improvements		27
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		2
Gross Amounts at Which Carried at Close of Period, Total		29
Accumulated Depreciation		$ (9)
Date of Construction		1,973
Date Acquired	[1]	Jul. 25, 2014
Embassy Suites Kansas City—Plaza [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Embassy Suites Kansas City—Plaza [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Embassy Suites Austin—Downtown/Town Lake [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 45
Initial Cost, Furniture, Fixtures & Equipment		2
Costs Capitalized Subsequent to Acquisition		16
Gross Amounts at Which Carried at Close of Period, Building & Improvements		56
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Total		63
Accumulated Depreciation		$ (23)
Date of Construction		1,983
Date Acquired	[1]	Oct. 24, 2007
Embassy Suites Austin—Downtown/Town Lake [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Embassy Suites Austin—Downtown/Town Lake [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Embassy Suites Atlanta—Perimeter Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 6
Initial Cost, Building & Improvements		22
Initial Cost, Furniture, Fixtures & Equipment		1
Costs Capitalized Subsequent to Acquisition		1
Gross Amounts at Which Carried at Close of Period, Land		6
Gross Amounts at Which Carried at Close of Period, Building & Improvements		23
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		1
Gross Amounts at Which Carried at Close of Period, Total		30
Accumulated Depreciation		$ (3)
Date of Construction		1,969
Date Acquired	[1]	Jul. 25, 2014
Embassy Suites Atlanta—Perimeter Center [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Embassy Suites Atlanta—Perimeter Center [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Embassy Suites San Rafael—Marin County [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 7
Initial Cost, Building & Improvements		27
Initial Cost, Furniture, Fixtures & Equipment		1
Costs Capitalized Subsequent to Acquisition		2
Gross Amounts at Which Carried at Close of Period, Land		7
Gross Amounts at Which Carried at Close of Period, Building & Improvements		28
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		2
Gross Amounts at Which Carried at Close of Period, Total		37
Accumulated Depreciation		$ (3)
Date of Construction		1,990
Date Acquired	[1]	Jul. 25, 2014
Embassy Suites San Rafael—Marin County [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Embassy Suites San Rafael—Marin County [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Embassy Suites Kansas City—Overland Park [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 2
Initial Cost, Building & Improvements		12
Costs Capitalized Subsequent to Acquisition		2
Gross Amounts at Which Carried at Close of Period, Land		2
Gross Amounts at Which Carried at Close of Period, Building & Improvements		12
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		2
Gross Amounts at Which Carried at Close of Period, Total		16
Accumulated Depreciation		$ (2)
Date of Construction		1,987
Date Acquired	[1]	Jul. 25, 2014
Embassy Suites Kansas City—Overland Park [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Embassy Suites Kansas City—Overland Park [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Embassy Suites Phoenix—Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 15
Initial Cost, Furniture, Fixtures & Equipment		1
Costs Capitalized Subsequent to Acquisition		(10)
Gross Amounts at Which Carried at Close of Period, Building & Improvements		2
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		4
Gross Amounts at Which Carried at Close of Period, Total		6
Accumulated Depreciation		$ (4)
Date of Construction		1,986
Date Acquired	[1]	Oct. 24, 2007
Embassy Suites Phoenix—Airport [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Embassy Suites Phoenix—Airport [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
[1]	On October 24, 2007, a predecessor to our Parent became a wholly owned subsidiary of an affiliate of Blackstone following the completion of the Merger.
[2]	Single $725 million CMBS loan secured by Hilton San Francisco Union Square and Parc 55 San Francisco – A Hilton Hotel.

Schedule III - Real Estate an98

Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) $ in Millions	Dec. 31, 2017USD ($)
Hilton San Francisco Union Square and Parc Fifty Five San Francisco - A Hilton Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Secured loan	$ 725

Schedule III - Real Estate an99

Schedule III - Real Estate and Accumulated Depreciation - Change in Total Cost of Properties (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Balance at beginning of period		$ 10,310	$ 10,253	$ 8,220
Additions during period:
Acquisitions	[1]			1,872
Capital expenditures		198	224	224
Deductions during period:
Transfers to assets held for sale		(46)
Dispositions, including casualty losses and impairment loss on planned dispositions		(236)	(161)	(3)
Foreign exchange effect		23	(6)	(60)
Balance at end of period		$ 10,249	$ 10,310	$ 10,253
[1]	In 2015, as part of a tax deferred exchange of real property, certain properties from sellers affiliated with The Blackstone Group L.P., a related party at the time of the transaction, were acquired for a total purchase price of $1.76 billion.

Schedule III - Real Estate a100

Schedule III - Real Estate and Accumulated Depreciation - Change in Total Cost of Properties (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Real Estate and Accumulated Depreciation [Line Items]
Acquisitions	$ 1,872	[1]
Blackstone Group L.P. [Member]
Real Estate and Accumulated Depreciation [Line Items]
Acquisitions	$ 1,760
[1]	In 2015, as part of a tax deferred exchange of real property, certain properties from sellers affiliated with The Blackstone Group L.P., a related party at the time of the transaction, were acquired for a total purchase price of $1.76 billion.

Schedule III - Real Estate a101

Schedule III - Real Estate and Accumulated Depreciation - Change in Accumulated Depreciation (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Balance at beginning of period	$ 1,832	$ 1,639	$ 1,372
Additions during period:
Depreciation expense	280	292	279
Deductions during period:
Transfers to assets held for sale	(15)
Dispositions, including casualty losses	(85)	(95)	(3)
Foreign exchange effect	(8)	(4)	(9)
Balance at end of period	$ 2,004	$ 1,832	$ 1,639

Schedule III - Real Estate a102

Schedule III - Real Estate and Accumulated Depreciation - Additional Information (Detail) $ in Millions	Dec. 31, 2017USD ($)
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Aggregate cost of real estate for federal income tax purposes	$ 5,407