Park Hotels & Resorts (PK) 10-K 27 Feb 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Feb. 24, 2020	Jun. 30, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Trading Symbol	PK
Entity Registrant Name	Park Hotels & Resorts Inc.
Entity Central Index Key	0001617406
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		240,184,706
Entity Public Float			$ 5,527
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, $0.01 par value per share
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	DE
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-37795
Entity Tax Identification Number	36-2058176
Entity Address, Address Line One	1775 Tysons Boulevard
Entity Address, Address Line Two	7th Floor
Entity Address, City or Town	Tysons
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22102
City Area Code	571
Local Phone Number	302-5757
Documents Incorporated by Reference	Documents incorporated by reference: The information called for by Part III will be incorporated by reference from the registrant’s definitive Proxy Statement for the 2020 Annual Meeting of Stockholders to be filed pursuant to Regulation 14A.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019		Dec. 31, 2018
ASSETS
Property and equipment, net	$ 9,594	[1]	$ 7,975
Assets held for sale, net	71
Investments in affiliates	35		50
Goodwill	607		607
Intangibles, net	46		27
Cash and cash equivalents	346		410
Restricted cash	40		15
Accounts receivable, net of allowance for doubtful accounts of $2 and $1	180		153
Prepaid expenses	83		82
Other assets	40		44
Operating lease right-of-use assets	248
TOTAL ASSETS (variable interest entities - $242 and $242)	11,290		9,363
Liabilities
Debt	3,871		2,948
Accounts payable and accrued expenses	217		183
Due to hotel managers	159		137
Due to Hilton Grand Vacations			135
Deferred income tax liabilities	50		42
Other liabilities	282		332
Operating lease liabilities	260
Total liabilities (variable interest entities - $219 and $217)	4,839		3,777
Commitments and contingencies - refer to Note 16
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 239,589,639 shares issued and 239,386,877 shares outstanding as of December 31, 2019 and 201,290,458 shares issued and 201,198,381 shares outstanding as of December 31, 2018	2		2
Additional paid-in capital	4,575		3,589
Retained earnings	1,922		2,047
Accumulated other comprehensive loss	(3)		(6)
Total stockholders' equity	6,496		5,632
Noncontrolling interests	(45)		(46)
Total equity	6,451		5,586
TOTAL LIABILITIES AND EQUITY	$ 11,290		$ 9,363
[1]	Excludes $62 million of property and equipment, net classified as held for sale as of December 31, 2019.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Allowance for doubtful accounts receivable	$ 2	$ 1
Variable interest entities - assets	11,290	9,363
Variable interest entities - liabilities	$ 4,839	$ 3,777
Common stock, par value (per share)	$ 0.01	$ 0.01
Common stock, authorized shares	6,000,000,000	6,000,000,000
Common stock, issued shares	239,589,639	201,290,458
Common stock, outstanding shares	239,386,877	201,198,381
Consolidated VIEs [Member]
Variable interest entities - assets	$ 242	$ 242
Variable interest entities - liabilities	$ 219	$ 217

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2019		Dec. 31, 2018		Dec. 31, 2017
Revenues
Total revenues		$ 2,844		$ 2,737		$ 2,791
Operating expenses
Other property-level		219		207		206
Management fees		139		137		140
Casualty (gain) loss and impairment loss, net		(18)		(1)		26
Depreciation and amortization		264		277		288
Corporate general and administrative		62		65		68
Acquisition costs		70
Other		78		73		63
Total expenses		2,437		2,329		2,421
Gain on sales of assets, net		19		96		1
Operating income		426		504		371
Interest income		6		6		2
Interest expense		(140)		(127)		(124)
Equity in earnings from investments in affiliates		14		18		40
Loss on foreign currency transactions		(1)		(3)		(4)
Other gain, net		46		102
Income before income taxes		351		500		285
Income tax (expense) benefit		(35)		(23)		2,346
Net income		316		477		2,631
Net income attributable to noncontrolling interests		(10)		(5)		(6)
Net income attributable to stockholders	[1]	306		472		2,625
Other comprehensive income, net of tax expense:
Currency translation adjustment, net of tax of $0, $4 and $0		3		39		22
Total other comprehensive income		3		39		22
Comprehensive income		319		516		2,653
Comprehensive income attributable to noncontrolling interests		(10)		(5)		(6)
Comprehensive income attributable to stockholders		$ 309		$ 511		$ 2,647
Earnings per share:
Earnings per share - Basic	[3]	$ 1.44	[2]	$ 2.32	[2]	$ 12.38
Earnings per share - Diluted	[3]	$ 1.44	[2]	$ 2.31	[2]	$ 12.21
Weighted average shares outstanding - Basic		212		203		211
Weighted average shares outstanding - Diluted		213		204		214
Rooms [Member]
Revenues
Total revenues		$ 1,771		$ 1,716		$ 1,794
Operating expenses
Expenses		467		449		466
Food and Beverage [Member]
Revenues
Total revenues		743		713		739
Operating expenses
Expenses		518		495		511
Ancillary Hotel [Member]
Revenues
Total revenues		253		236		194
Other [Member]
Revenues
Total revenues		77		72		64
Other Departmental and Support [Member]
Operating expenses
Expenses		$ 638		$ 627		$ 653
[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]	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 necessarily equal the EPS for the full year.
[3]	Per share amounts are calculated based on unrounded numbers.

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ 4	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Activities:
Net income	$ 316	$ 477	$ 2,631
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	264	277	288
Gain on sales of assets, net	(19)	(96)	(1)
Casualty (gain) loss and impairment loss, net	(18)	(1)	16
Equity in earnings from investments in affiliates	(14)	(18)	(40)
Loss on foreign currency transactions	1	3	4
Other gain, net	(46)	(102)
Share-based compensation expense	16	16	14
Amortization of deferred financing costs	5	4	5
Distributions from unconsolidated affiliates	22	18	19
Deferred income taxes	5	(20)	(2,378)
Changes in operating assets and liabilities:
Accounts receivable, net	(3)	(27)	4
Prepaid expenses	6	(34)	8
Other assets	(20)	(34)	(1)
Accounts payable and accrued expenses	(28)	(21)	20
Due to hotel manager	7	(4)	50
Other liabilities	10	14	20
Other	(5)	(8)	(6)
Net cash provided by operating activities	499	444	653
Investing Activities:
Acquisitions, net of cash and restricted cash acquired	(914)	(10)
Capital expenditures for property and equipment	(240)	(178)	(185)
Proceeds from asset dispositions, net	429	369
Proceeds from the sale of investments in affiliates, net	51	150
Insurance proceeds for property damage claims	39	88	2
Investments in affiliates			(1)
Distributions from unconsolidated affiliates			19
Net cash (used in) provided by investing activities	(635)	419	(165)
Financing Activities:
Borrowings under credit facilities	850
Repayment of debt	(232)		(55)
Payments of deferred financing costs	(11)
Dividends paid	(494)	(464)	(386)
Distributions to noncontrolling interests	(9)	(2)	(6)
Tax withholdings on share-based compensation	(7)	(2)	(3)
Repurchase of common stock		(348)
Net transfers to Parent			(9)
Net cash provided by (used in) financing activities	97	(816)	(459)
Effect of exchange rate changes on cash and cash equivalents and restricted cash		(1)
Net (decrease) increase in cash and cash equivalents and restricted cash	(39)	46	29
Cash and cash equivalents and restricted cash, beginning of period	425	379	350
Cash and cash equivalents and restricted cash, end of period	$ 386	$ 425	$ 379

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)	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, 2016	$ 3,823,000,000				$ (67,000,000)	$ 3,939,000,000	$ (49,000,000)
Net transfers to Parent	$ (13,000,000)					(13,000,000)
Issuance of common stock and reclassification of former Parent investment		$ 2,000,000	$ 3,924,000,000			$ (3,926,000,000)
Issuance of common stock and reclassification of former Parent investment (shares)		198,000,000
Issuance of common stock (Shares)	441
Share-based compensation, net	$ 11,000,000		11,000,000
Share-based compensation, net (Shares)		1,000,000
Net income	2,631,000,000			$ 2,625,000,000			6,000,000
Other comprehensive income	22,000,000				22,000,000
Dividends and dividend equivalents	(506,000,000)		(110,000,000)	(396,000,000)
Dividends and dividend equivalents (Shares)		16,000,000
Distributions to noncontrolling interests	(6,000,000)						(6,000,000)
Balance at Dec. 31, 2017	5,962,000,000	$ 2,000,000	3,825,000,000	2,229,000,000	(45,000,000)		(49,000,000)
Balance (shares) at Dec. 31, 2017		215,000,000
Net transfers to Parent	0
Share-based compensation, net	14,000,000		14,000,000
Net income	477,000,000			472,000,000			5,000,000
Other comprehensive income	39,000,000				39,000,000
Dividends and dividend equivalents	(556,000,000)			(556,000,000)
Repurchase of common stock	(348,000,000)		(250,000,000)	(98,000,000)
Repurchases of common stock (Shares)		(14,000,000)
Distributions to noncontrolling interests	(2,000,000)						(2,000,000)
Balance at Dec. 31, 2018	$ 5,586,000,000	$ 2,000,000	3,589,000,000	2,047,000,000	(6,000,000)		(46,000,000)
Balance (shares) at Dec. 31, 2018	201,198,381	201,000,000
Net transfers to Parent	$ 0
Issuance of common stock	$ 978,000,000		978,000,000
Issuance of common stock (Shares)	978	38,000,000
Share-based compensation, net	$ 8,000,000		8,000,000
Net income	316,000,000			306,000,000			10,000,000
Other comprehensive income	3,000,000				3,000,000
Dividends and dividend equivalents	(423,000,000)			(423,000,000)
Distributions to noncontrolling interests	(9,000,000)						(9,000,000)
Cumulative effective of change in accounting principle	(8,000,000)			(8,000,000)
Balance at Dec. 31, 2019	$ 6,451,000,000	$ 2,000,000	$ 4,575,000,000	$ 1,922,000,000	$ (3,000,000)		$ (45,000,000)
Balance (shares) at Dec. 31, 2019	239,386,877	239,000,000

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Of Stockholders Equity [Abstract]
Dividends declared per common share	$ 1.90	$ 1.99	$ 1.84
Special cash dividends declared per common share		$ 0.75	$ 2.79

Organization

Organization	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Organization	Note 1: Organization Park Hotels & Resorts Inc. (“we,” “us,” “our” or the “Company”) is a Delaware corporation that owns a portfolio of premium-branded hotels and resorts primarily located in prime city center and resort locations. On January 3, 2017, Hilton Worldwide Holdings Inc. (“Hilton,” “Hilton Parent” 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 was effected through a pro rata distribution of Park Hotels & Resorts Inc. stock to existing Hilton stockholders. On May 5, 2019, the Company, PK Domestic Property LLC, an indirect subsidiary of the Company (“PK Domestic”), and PK Domestic Sub LLC, a wholly-owned subsidiary of PK Domestic (“Merger Sub”) entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with Chesapeake Lodging Trust (“Chesapeake”). On September 18, 2019, pursuant to the terms and subject to the conditions set forth in the Merger Agreement, Chesapeake merged with and into Merger Sub (the “Merger”) and each of Chesapeake’s common shares of beneficial interest, $0.01 par value per share was converted into $11.00 in cash and 0.628 of a share of our common stock. No fractional shares of our common stock were issued in the Merger. The value of any fractional interests to which a Chesapeake shareholder would otherwise have been entitled was paid in cash. We are treated as a real estate investment trust (“REIT”) for United States (“U.S.”) federal income tax purposes, and we believe we have been organized and operated, and expect to continue to be organized and operate, in a manner to qualify as a REIT. From the date of our spin-off from Hilton, Park Intermediate Holdings LLC (our “Operating Company”), directly or indirectly, has held all our assets and has conducted 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, 2019
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 Consolidation 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 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. 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. Reclassifications Certain line items on the consolidated statements of comprehensive income for the years ended December 31, 2018 and 2017 and consolidated statements of cash flows for the year ended December 31, 2018 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) Investments in Affiliates The consolidated financial statements include entities in which we have a controlling financial interest, including VIEs 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 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 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 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) 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 its predecessor’s . 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 Blackstone Merger. casualty (gain) loss and impairment loss, net Intangible Assets Intangible assets with finite useful lives primarily include an air rights contract and ground lease and operating lease contracts. The air rights contract value is based on the present value of the difference between the contractual rental amounts and the market rental rates for similar contracts, measured over a period equal to the remaining non-cancellable term of the contract. The value of the ground lease and operating lease contracts 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-cancellable term of the contract. Intangible assets are amortized using the straight-line method over the remaining 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 and reserves for capital expenditures in accordance with certain of our management 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. Leases We consider an arrangement to contain a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for compensation. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent the present value of our fixed payment obligations. Leases with a term of 12 months or less are not recorded on the balance sheet. Our l 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) 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”). Hotel operating revenues are disaggregated into room revenue, food and beverage revenue, ancillary hotel revenue and other revenue on the consolidated statements of comprehensive income to illustrate how economic factors affect the nature, amount and timing, and uncertainty of revenue and cash flows. Rooms revenue is recognized over time when rooms are occupied and food and beverage revenue is recognized at a point in time when goods and services have been delivered or rendered. Ancillary hotel revenue and other revenue is generally recognized at a point in time as goods and services are delivered or rendered. We assess if we are the principal or agent for certain ancillary services provided by third parties. If we are the principal, we recognize revenue based on the gross sales price. If we are the agent, we recognize revenue net of costs paid to service providers. Payment received for a future stay or event is recognized as an advance deposit, which is included in other liabilities 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) (loss) gain on foreign currency transactions 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 are treated as a REIT for U.S. federal income tax purposes, and we believe we have been organized and operated, and expect to continue to be organized and operate, in a manner to qualify as a REIT. To qualify as a REIT, we must satisfy requirements related to, 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 annually and the diversity of ownership of our stock. To the extent we continue to remain qualified 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 annually to our stockholders. Accordingly, no provision for U.S. federal income taxes has been included in our accompanying consolidated financial statements for the years ended December 31, 2019, 2018 and 2017 related to our REIT activities, other than the derecognition and remeasurement of deferred tax assets and liabilities associated with our election to be taxed as a REIT and taxes associated with built-in gains related to our assets owned at the date of our spin-off. 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). 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 February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-02 (“ASU 2016-02”), Leases (Topic 842) Leases (Topic 840) retained earnings. intangibles, net other liabilities In August 2018, the FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) , which adds recognition, measurement, and disclosure guidance on implementation costs of cloud computing arrangements. Implementation costs incurred by customers in cloud computing arrangements are deferred if they would be capitalized by customers in software license arrangements under the existing internal-use software guidance. We elected to early adopt this ASU as of January 1, 2019 on a prospective basis and there was no effect on our consolidated financial statements. Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments-Credit Losses

Acquisitions, Dispositions and

Acquisitions, Dispositions and Assets Held for Sale	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Acquisitions, Dispositions and Assets Held for Sale	Note 3: Acquisitions, Dispositions and Assets Held for Sale Acquisitions Merger with Chesapeake As a result of the Merger, we acquired a 100% ownership interest in the following 18 hotels: Hotel Location Rooms Hilton Denver City Center Denver, CO 613 W Chicago – Lakeshore Chicago, IL 520 Hyatt Regency Boston Boston, MA 502 Hyatt Regency Mission Bay Spa and Marina San Diego, CA 438 Boston Marriott Newton Newton, MA 430 Le Meridien New Orleans (1) New Orleans, LA 410 W Chicago – City Center Chicago, IL 403 Royal Palm South Beach Miami, a Tribute Portfolio Resort Miami Beach, FL 393 Le Meridien San Francisco San Francisco, CA 360 JW Marriott San Francisco Union Square San Francisco, CA 344 Hyatt Centric Fisherman’s Wharf San Francisco, CA 316 Hotel Indigo San Diego Gaslamp Quarter San Diego, CA 210 Courtyard Washington Capitol Hill/Navy Yard Washington, DC 204 Homewood Suites by Hilton Seattle Convention Center Pike Street Seattle, WA 195 Hilton Checkers Los Angeles Los Angeles, CA 193 Ace Hotel Downtown Los Angeles (1) Los Angeles, CA 182 Hotel Adagio, Autograph Collection San Francisco, CA 171 W New Orleans – French Quarter New Orleans, LA 97 5,981 (1) Hotels were subsequently sold in December 2019. The total consideration for the Merger was approximately $2 billion, which included the issuance of approximately 37.8 million shares of common stock valued at $25.88 per share to Chesapeake common shareholders based on the closing price of our common stock on September 17, 2019. We accounted for the Merger using the acquisition method of accounting. We preliminarily allocated the purchase price consisting of common stock issued of $978 million and cash of $1,013 million as follows: (in millions) Investment in hotel properties, net $ 2,220 Intangibles, net 45 Cash and cash equivalents 62 Restricted cash 38 Accounts receivable, net 26 Prepaid expenses 9 Other assets 2 Operating lease right-of-use asset 65 Debt (311 ) Accounts payable and accrued expenses (47 ) Due to hotel managers (15 ) Other liabilities (15 ) Operating lease liability (88 ) Total consideration $ 1,991 The estimated fair values for the assets acquired and the liabilities assumed are preliminary and are subject to change during the one-year measurement period as additional information related to the inputs and assumptions used in determining the fair value of the assets and liabilities becomes available. We will continue to review the underlying inputs and assumptions. Therefore, the purchase price allocation is not yet complete as of the date of this filing. Once the allocation is complete, an additional adjustment to the allocation may occur. We used the following valuation methodologies, inputs and assumptions to estimate the fair value of the assets acquired and liabilities assumed: • Investment in hotel properties – We estimated the fair values of the land and improvements, buildings and improvements, and furniture, fixtures and equipment at the hotel properties by using a combination of the market, cost and income approaches. These valuation methodologies are based on significant Level 3 inputs in the fair value hierarchy, such as estimates of future income growth, capitalization rates, discount rates, capital expenditures and cash flow projections at the respective hotel properties. • Intangible assets – We estimated the fair value of the air rights contract acquired as part of the Hyatt Regency Boston by calculating the present value of the difference between the contractual rental amounts according to the contract and the market rental rates for similar contracts, measured over a period equal to the remaining non-cancellable term of the contract. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. The intangible asset is amortized using the straight-line method over the remaining term of the contract. • Above and below market lease liabilities – We estimated the fair value of our above and below market lease liabilities by calculating the present value of the difference between the contractual rental amounts paid according to the in-place lease agreements and the market rental rates for similar leased space, measured over a period equal to the remaining non-cancellable terms of the leases. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. The above and below market lease liabilities are included as adjustments to the right-of-use asset in the accompanying consolidated balance sheet. The above and below market lease liabilities are amortized as adjustments to ground rent expense over the remaining terms of the respective leases. • Operating lease right-of-use-asset and Operating lease liability – We estimated the fair value of the operating lease right-of-use asset and operating lease liability by calculating the present value of the fixed contractual rental amounts due over a period equal to the remaining non-cancellable terms of the leases. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. • Debt – We estimated the fair value of the mortgage loans by calculating the present value of the remaining loan payments due over the term of the loans. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. • Restricted cash, accounts receivable, prepaid expenses and other assets, accounts payable and accrued expenses, due to hotel managers and other liabilities – The amounts constitute the carrying amounts of the assets acquired and the liabilities assumed, which we believe approximate fair value because of their short-term nature. For the year ended December 31, 2019, we incurred $70 million in acquisition costs in connection with the Merger. Acquisition costs primarily related to severance, transfer tax and fees for financial advisors, legal, accounting, tax and other professional services. The following unaudited condensed pro-forma financial information presents the results of operations as if the Merger had taken place on January 1, 2018. The unaudited condensed pro-forma financial information is not necessarily indicative of what our actual results of operations would have been assuming the Merger had taken place on January 1, 2018, nor is it indicative of the results of operations for future periods. The unaudited condensed pro-forma financial information is as follows: For the year ended December 31, 2019 2018 (unaudited) (in millions) Total revenues $ 3,250 $ 3,297 Operating income 504 608 Net income 359 531 From the date of Merger through December 31, 2019, we recognized $156 million of total revenues, $20 million of operating income and $16 million of net income related to the hotels acquired in connection with the Merger. Dispositions During the year ended December 31, 2019, we sold seven consolidated hotels listed in the table below, received total gross proceeds of $436 million and recognized a total gain, net of selling costs, of $19 million on these hotels which is included in gain on sales of assets, net Hotel Location Month Sold Pointe Hilton Squaw Peak Resort Phoenix, Arizona February 2019 Hilton Nuremberg Nuremberg, Germany March 2019 Hilton Atlanta Airport Atlanta, Georgia June 2019 Hilton New Orleans Airport (1) New Orleans, Louisiana June 2019 Embassy Suites Parsippany (1) Parsippany, New Jersey June 2019 Ace Hotel Downtown Los Angeles Los Angeles, CA December 2019 Le Meridien New Orleans New Orleans, Louisiana December 2019 (1) Hotels were sold as a portfolio in the same transaction. Additionally, in November 2019, we and the other owners of the entity that own the Conrad Dublin sold our ownership interest in the entity that owns the hotel for a gross sales price of approximately $128 million, before customary closing adjustments and debt repayment, of which our pro rata share was approximately $61 million. We recognized a net gain of approximately $44 million, which is included in other gain, net Additionally, on December 16, 2019, we terminated the ground lease for the Hilton Sheffield. During the year ended December 31, 2018, we sold 12 consolidated hotels for total gross proceeds of $379 million. We recognized a net gain of approximately $98 million, including the reclassification of a currency translation adjustment of $31 million from accumulated other comprehensive loss into earnings concurrent with the dispositions, which was included in gain on sales of assets, net Additionally, in May 2018, we and the other owners of our unconsolidated affiliates that owned the Hilton Berlin hotel sold our interests for gross proceeds of approximately $375 million, before customary closing adjustments, of which our pro rata share was approximately $151 million. We recognized a net gain of approximately $107 million, including the reclassification of a currency translation adjustment of $8 million from accumulated other comprehensive loss into earnings concurrent with the disposition, which is included in other gain, net Assets Held for Sale In November 2019, we executed an agreement to sell the Hilton São Paolo, a wholly owned hotel, which subsequently sold in February 2020 for a gross sales price of 500 million Brazilian Real or approximately $118 million, which was payable in cash at closing and is subject to customary pro rations and adjustments. Assets and liabilities held for sale related to the Hilton São Paolo were as follows as of December 31, 2019: (in millions) Assets: Property and equipment, net $ 62 Cash and cash equivalents 7 Accounts receivable 2 Prepaid expenses — Total Assets Held for Sale $ 71 Liabilities: Liabilities related to assets held for sale (1) $ 6 Total Liabilities Held for Sale $ 6 (1) Amounts included in Other liabilities in our consolidated balance sheet as of December 31, 2019.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Property and Equipment	Note 4: Property and Equipment Property and equipment were: December 31, 2019 (1) December 31, 2018 (in millions) Land $ 3,512 $ 3,344 Buildings and leasehold improvements 6,978 5,616 Furniture and equipment 1,059 949 Construction-in-progress 134 124 11,683 10,033 Accumulated depreciation and amortization (2,089 ) (2,058 ) $ 9,594 $ 7,975 (1) Excludes $62 million of property and equipment, net classified as held for sale as of December 31, 2019. Depreciation of property and equipment was $262 million, $273 million and $283 million during the years ended December 31, 2019, 2018 and 2017, respectively. Transactions with 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 were derecognized at the end of lease term in December 2019. 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. 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. During 2018, we transferred a restaurant at the Hilton Waikoloa Village to HGV and derecognized $3 million of property and equipment, net and $3 million of the related liability due to HGV. During 2019, the remaining 466 rooms at the Hilton Waikoloa Village were released to HGV; accordingly, we derecognized $123 million of property and equipment, net, and the related $135 million liability due to HGV, and recognized a gain of $12 million within o ther gain, net 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 in Puerto Rico. The Caribe Hilton remained closed throughout 2018 and reopened on May 15, 2019. 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, in addition to loss of business. During the year ended December 31, 2019, w e recognized million of insurance recoveries, of which million related to property damage, million related to business interruption, and million related to expense reimbursements. Business interruption proceeds are included within ancillary hotel revenue in our consolidated statements of comprehensive income. Additionally, we recognized a net gain of $18 million within casualty (gain) loss and impairment loss, net in our consolidated statements of comprehensive income, which includes a gain of million for amounts recovered from insurance in excess of the insurance receivable and a loss of $9 million relating to property damage at certain of our hotels that we may not recover from insurers. The insurance receivable as of December 31, 2019 was million and million, respectively, and is included within other assets in our consolidated balance sheets. During the year ended December 31, 2018, we incurred $35 million of expenses, and based upon additional information obtained during the period, we recognized an additional loss of $22 million for property and equipment that was damaged during the hurricanes. These amounts were offset by the recognition of an insurance receivable of $57 million. Additionally, we received $119 million of insurance proceeds, of which $25 million related to business interruption and $6 million related to expense reimbursements.

Consolidated Variable Interest

Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates	12 Months Ended
	Dec. 31, 2019
Consolidated Variable Interest Entities And Investments In Affiliates [Abstract]
Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates	Note 5: Consolidated Variable Interest Entities ("VIEs") 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, 2019 December 31, 2018 (in millions) Property and equipment, net $ 221 $ 223 Cash and cash equivalents 13 12 Restricted cash 1 1 Accounts receivable, net 5 4 Prepaid expenses 2 2 Debt 207 207 Accounts payable and accrued expenses 8 7 Due to hotel manager 2 2 Other liabilities 2 1 During the years ended December 31, 2019 and 2018, 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: Ownership % December 31, 2019 December 31, 2018 (in millions) Hilton San Diego Bayfront 25% $ 18 $ 19 All others (6 hotels) (1) 20% - 50% 17 31 $ 35 $ 50 (1) In November 2019, we disposed of our ownership interest in the Conrad Dublin. Refer to Note 3: “Acquisitions, Dispositions and Assets Held for Sale” The affiliates in which we own investments accounted for under the equity method had total debt of approximately $943 million and $955 million as of December 31, 2019 and 2018, respectively. Substantially all 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, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	Note 6: Goodwill and Intangibles Hilton allocated $3.5 billion of goodwill to us as part of the Blackstone 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, 2017 $ 2,708 $ (2,102 ) $ 606 Distribution to Parent — — — Foreign currency translation 1 — 1 Balance as of December 31, 2018 2,709 (2,102 ) 607 Distribution to Parent — — — Foreign currency translation — — — Balance as of December 31, 2019 $ 2,709 $ (2,102 ) $ 607 Intangible assets were: December 31, 2019 2018 (in millions) Acquired below market leases (1) $ — $ 61 Air rights contract (2) 45 — Other 8 10 Accumulated amortization (7 ) (44 ) $ 46 $ 27 (1) Leases, Operating lease right-of-use asset (2) As of December 31, 2019, we estimated our future amortization expense for our intangible assets to be: Year (in millions) 2020 $ 1 2021 1 2022 1 2023 1 2024 1 Thereafter 41 $ 46

Debt

Debt	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Debt	Note 7: Debt Debt balances and associated interest rates as of December 31, 2019 were: Principal balance as of Interest Rate at December 31, 2019 Maturity Date December 31, 2019 December 31, 2018 (in millions) SF CMBS Loan 4.11% November 2023 $ 725 $ 725 HHV CMBS Loan 4.20% November 2026 1,275 1,275 Mortgage loans (1) Average rate of 4.26% 2020 to 2026 (2) 515 207 2016 Term Loan L + 1.55% December 2021 700 750 2019 Term Facility L + 1.50% September 2024 670 — Revolver (3) L + 1.60% December 2021 (2) — — Capital lease obligations 3.07% 2021 to 2022 1 1 3,886 2,958 Add: unamortized premium 3 — Less: unamortized deferred financing costs and discount (18 ) (10 ) $ 3,871 $ 2,948 (1) (2) (3) CMBS 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, 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 and mortgage loans acquired through the Merger, bear interest at either a fixed-rate or variable rate. Our mortgage loans associated with our VIEs require interest-only loan payments through their respective maturity dates and the mortgage loans associated with the Merger require payments of principal and interest on a monthly basis. We are required to deposit with lenders certain cash reserves for restricted uses. As of December 31, 2019 and 2018, our consolidated balance sheets included $13 million and $15 million of restricted cash, respectively, related to our CMBS loans and mortgage loans. Credit Facilities 2016 Term Loan and Revolver 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 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 2016 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 leverage ratio, maximum unsecured indebtedness to unencumbered asset value and minimum unencumbered adjusted net operating income to unsecured interest coverage. 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. 2019 Term Facility In advance of the Merger, in August 2019, the Company, our Operating Company and PK Domestic entered into a delayed draw term loan agreement (the “2019 Term Facility”) with Bank of America, N.A. as administrative agent, and certain other financial institutions party thereto as lenders. The 2019 Term Facility provided for $950 million unsecured delayed draw term loan commitments to fund the Merger. The 2019 Term Facility included a $100 million two-year delayed draw term loan tranche, which was unfunded and the commitments thereunder terminated on September 18, 2019, and a $850 million five-year delayed draw term loan tranche, which has a scheduled maturity date of August 2024 Borrowings from the 2019 Term Facility 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. Beginning in August 2019, we accrued an unused commitment fee equal to 0.25% per annum of the undrawn portion of the 2019 Term Facility, which was paid on September 18, 2019 when the 2019 Term Facility was fully drawn. Additionally, we incurred upfront financing fees of $9 million associated with the 2019 Term Facility, of which $3 million was expensed in connection with the terminated commitments and the $180 million prepayment in December 2019. The 2019 Term Facility agreement contains certain financial covenants relating to our maximum leverage ratio, minimum fixed charge coverage ratio, maximum secured leverage ratio, maximum unsecured indebtedness to unencumbered asset value and minimum unencumbered adjusted net operating income to unsecured interest coverage. If an event of default exists, we generally are not permitted to make distributions to stockholders, other than those required to qualify for and maintain REIT status and certain other limited exceptions. In connection with the Merger, we assumed an interest rate swap from Chesapeake, which is designated as a cash flow hedge, to hedge the interest rate risk on a portion of the 2019 Term Facility. The interest rate swap requires us to pay fixed interest of 1.86% per annum maturing on April 21, 2022 on a notional amount of $225 million, in exchange for floating rate interest equal to one-month LIBOR. Debt Maturities The contractual maturities of our debt, assuming the exercise of all extensions that are exercisable solely at our option, as of December 31, 2019 were: Year (in millions) 2020 $ 21 2021 709 2022 97 2023 827 2024 676 Thereafter (1) 1,556 $ 3,886 (1) Assumes the exercise of all extensions that are exercisable solely at our option.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 8: Fair Value Measurements We did not elect the fair value measurement option for our financial assets or liabilities. The fair values of our other financial instruments not included in the table below are estimated to be equal to their carrying amounts. The fair value of our debt and the hierarchy level we used to estimate fair values are shown below: December 31, 2019 December 31, 2018 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (in millions) Liabilities: SF CMBS Loan 3 $ 725 $ 740 $ 725 $ 706 HHV CMBS Loan 3 1,275 1,316 1,275 1,214 2016 Term Loan 3 700 698 750 732 2019 Term Facility 3 670 667 — — Mortgage loans 3 516 516 207 201

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	Note 9: Leases We lease hotel properties, land and equipment under operating and financing leases. We are subject to ground leases on 14 of our consolidated properties. Our leases expire, including options under lessor control, at various dates through 2083, with varying renewal options, and the majority expire before 2031. Our operating leases may require minimum rent payments, variable rent payments based on a percentage of revenue or income or rent payments equal to the greater of a minimum rent or variable 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. The maturities of our non-cancelable operating lease liabilities, due in each of the next five years and thereafter as of December 31, 2019, were: Operating Leases Year (in millions) 2020 $ 29 2021 29 2022 29 2023 24 2024 25 Thereafter 365 Total minimum rent payments 501 Less: imputed interest 241 Total operating lease liabilities $ 260 As of December 31, 2019 the weighted average remaining operating lease term was 26.3 years and the weighted average discount rate used to determine the operating lease liabilities was 5.3%. The components of rent expense, which are primarily included in other property-level expenses Year Ended December 31, 2019 (in millions) Operating lease expense $ 30 Variable lease expense 13 Operating cash flows for operating leases 36 Right-of-use assets obtained in exchange for lease obligations (1) 278 (1) For the year ended December 31, 2019, balance represents right-of-use assets recognized upon adoption of ASC 842, Leases, on January 1, 2019, and right-of-use assets assumed in connection with the Merger.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 10: Income Taxes We are treated as a REIT for U.S. federal income tax purposes, and we have been organized and operated, and expect to continue to be organized and operate, in a manner to qualify as a REIT. To qualify as a REIT, we must satisfy requirements related to, 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 annually and the diversity of ownership of our stock. To the extent we continue to remain qualified 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 annually to our stockholders. Accordingly, no provision for U.S. federal income taxes has been included in our accompanying consolidated financial statements for the years ended December 31, 2019 and 2018 related to our REIT activities, other than taxes associated with built-in gains related to our assets owned at the date of our spin-off including the remeasurement of associated deferred tax assets and liabilities. H.R. 1, commonly referred to as The Tax Cuts and Jobs Act of 2017 (the “Act”) was enacted on December 22, 2017. The Act, which amended the Internal Revenue Code of 1986, 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; the one-time transition tax on foreign cash and unremitted earnings; and the treatment of global intangible low-taxed income for REIT gross income purposes. As a result of the changes in the Act, we recognized a $25 million income tax benefit for the year ended December 31, 2017 and $8 million of income tax expense for the year ended December 31, 2018 when our analysis of the effects of the Act was completed. 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 the date of our spin-off. 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 U.S. federal, state and foreign income taxes payable. The domestic and foreign components of income before income taxes were: Year Ended December 31, 2019 2018 2017 (in millions) U.S. income before tax $ 350 $ 498 $ 279 Foreign income before tax 1 2 6 Income before income taxes $ 351 $ 500 $ 285 The components of our (benefit) provision for income taxes were: Year Ended December 31, 2019 2018 2017 (in millions) Current: U.S. Federal $ 16 $ 34 $ 21 State 3 6 2 Foreign 11 3 9 Total current 30 43 32 Deferred: U.S. Federal 3 (18 ) (2,373 ) Foreign 2 (2 ) (5 ) Total deferred 5 (20 ) (2,378 ) Total provision (benefit) for income taxes $ 35 $ 23 $ (2,346 ) Reconciliations of our tax provision at the U.S. statutory rate to the (benefit) provision for income taxes were: Year Ended December 31, 2019 2018 2017 (in millions) Statutory U.S. federal income tax provision $ 74 $ 105 $ 100 State income taxes, net of U.S. federal tax benefit 2 3 2 Foreign income tax expense 13 2 4 Change in deferred tax asset valuation allowance 2 — 3 Tax rate change — (2 ) (25 ) REIT income not subject to tax (69 ) (92 ) (83 ) Derecognition and remeasurement of deferred taxes 13 7 (2,347 ) Provision (benefit) for income taxes $ 35 $ 23 $ (2,346 ) 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, 2019 2018 (in millions) Deferred income tax assets (1) $ 8 $ 3 Deferred income tax liabilities (50 ) (42 ) Net deferred tax liability $ (42 ) $ (39 ) (1) Included within other assets The tax effects of the temporary differences and carryforwards that give rise to our net deferred tax liability were: December 31, 2019 2018 (in millions) Deferred tax assets: Net operating loss carryforwards $ 9 $ 8 Deferred income 4 3 Accrued compensation 2 3 Other 6 4 Total gross deferred tax assets 21 18 Less: valuation allowance (6 ) (4 ) Deferred tax assets 15 14 Deferred tax liabilities: Property and equipment (48 ) (44 ) Investments (8 ) (9 ) Accrued compensation (1 ) — Deferred tax liabilities (57 ) (53 ) Net deferred tax liability $ (42 ) $ (39 ) As of December 31, 2019, we had U.S. federal, state and foreign net operating loss carryforwards of $65 million, which resulted in deferred tax assets of $9 million. Our U.S. federal and state net operating loss carryforwards of approximately $18 million and $24 million begin to expire in 2038 and 2025, respectively, and our foreign net operating loss carryforwards of approximately $23 million are not subject to expiration. Our valuation allowance increased $2 million during the year ended December 31, 2019. For periods ended prior to January 4, 2017, Hilton filed income tax returns for us, with U.S. 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 U.S. federal, state, local, 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 2005. As of December 31, 2019, Hilton remains subject to U.S. federal examinations from 2007 through 2017, state examinations from 2007 through 2017 and foreign examinations of their income tax returns for the years 1998 through 2017. We will be subject to U.S. federal, state and foreign examinations for periods ending after January 4, 2017. For U.S. federal income tax purposes, the cash distributions to stockholders are characterized as follows: For the Year Ended For the Year Ended December 31, 2019 December 31, 2018 Common distributions (per share): Ordinary dividends $ 1.61 $ 1.64 Capital gain distributions 0.29 1.32

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	Note 11: 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”). 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, 2019, 5,495,914 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, 2019, 293,269 shares of common stock remain available for future issuance. For each of the years ended December 31, 2019 and 2018, we recognized $16 million, respectively, of share-based compensation expense and $15 million for the year ended December 31, 2017. As of December 31, 2019, unrecognized compensation expense was $16 million, which is expected to be recognized over a weighted-average period of 1.2 years. The total fair value of shares vested during the year ended December 31, 2019 was $21 million and $9 million for each of the years ended December 31, 2018 and 2017. 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 years ended December 31, 2019, 2018 and 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 Granted 367,463 27.34 Vested (214,208 ) 26.67 Forfeited (29,788 ) 27.48 Unvested at December 31, 2018 585,106 26.89 Granted 302,506 31.24 Vested (312,462 ) 26.99 Forfeited (17,905 ) 29.58 Unvested at December 31, 2019 557,245 $ 29.10 Performance Stock Units Performance Stock Units (“PSUs”) generally vest at the end of a three-year zero 200 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 Granted 179,774 29.47 Vested — — Forfeited (13,395 ) 30.48 Unvested at December 31, 2018 537,936 31.16 Granted 314,858 34.28 Vested (277,325 ) 31.25 Forfeited (672 ) 42.05 Unvested at December 31, 2019 574,797 $ 32.82 The grant date fair values of these awards were determined using a Monte Carlo simulation valuation model with the following assumptions: Year Ended December 31, 2019 2018 2017 Expected volatility (1) 19.5% - 21.5% 20.0% - 24.0% 25.5% - 29.5% Dividend yield (2) — — — Risk-free rate 1.8% - 2.4% 2.4% - 2.7% 1.2% - 1.5% Expected term 3 years 3 years 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 and implied volatilities over the performance period to estimate appropriate expected volatilities. For the years ended December 31, 2019, 2018 and 2017, (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, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 12: Earnings Per Share The following table presents the calculation of basic and diluted earnings per share (“EPS”): Year Ended December 31, 2019 2018 2017 (in millions, except per share amounts) Numerator: Net income attributable to stockholders (1) $ 306 $ 472 $ 2,625 Earnings allocated to participating securities (1 ) (2 ) (8 ) Net income attributable to stockholders, net of earnings allocated to participating securities $ 305 $ 470 $ 2,617 Denominator: Weighted average shares outstanding – basic 212 203 211 Unvested restricted shares 1 1 — Net effect of shares issued with respect to E&P Dividend (2) — — 3 Weighted average shares outstanding – diluted 213 204 214 Basic EPS (3) $ 1.44 $ 2.32 $ 12.38 Diluted EPS (3) $ 1.44 $ 2.31 $ 12.21 (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) 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”). (3) Per share amounts are calculated based on unrounded numbers. Certain of our outstanding equity awards were excluded from the above calculation of EPS for the years ended December 31, 2019, 2018 and 2017 because their effect would have been anti-dilutive.

Hotel Management Operating and

Hotel Management Operating and License Agreements	12 Months Ended
	Dec. 31, 2019
Hotel Management Operating And License Agreements [Abstract]
Hotel Management Operating and License Agreements	Note 13: 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 have initial terms ranging from 5 to 30 years and allow for one or more renewal periods. 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 12 hotels. The franchise agreements have an initial term of 7 to 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 $53 million, $53 million and $55 million for the years ended December 31, 2019, 2018 and 2017, respectively, and were included in other departmental and support expense 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 $133 million, $134 million and $131 million for the years ended December 31, 2019, 2018 and 2017, 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, 2019
Related Party Transactions [Abstract]
Net Parent Investment	Note 14: Net Parent Investment Net Parent investment on our historical 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 to Parent net transfers to Parent Year Ended December 31, 2017 (in millions) Cash pooling and general financing activities $ (9 ) Corporate allocations — Income taxes (4 ) Net transfers to Parent $ (13 )

Geographic and Business Segment

Geographic and Business Segment Information	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Geographic and Business Segment Information	Note 15: Geographic and Business Segment Information As of December 31, 2019, 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 • Gains or losses on sales of assets for both consolidated and unconsolidated investments; • Gains or losses on foreign currency transactions; • Transition expense related to our establishment as an independent, publicly traded company; • Costs associated with hotel acquisitions or dispositions expensed during the period; • Severance expense; • Share-based compensation expense; • Casualty gains or losses and 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, 2019 2018 2017 (in millions) Revenues: Total consolidated hotel revenue $ 2,767 $ 2,665 $ 2,727 Other revenues 77 72 64 Total revenues $ 2,844 $ 2,737 $ 2,791 Hotel Adjusted EBITDA $ 802 $ 761 $ 758 Other revenues 77 72 64 Casualty gain (loss) and impairment loss, net 18 1 (26 ) Depreciation and amortization expense (264 ) (277 ) (288 ) Corporate general and administrative expense (62 ) (65 ) (68 ) Acquisition costs (70 ) — — Other operating expenses (78 ) (73 ) (63 ) Gain on sales of assets, net 19 96 1 Interest income 6 6 2 Interest expense (140 ) (127 ) (124 ) Equity in earnings from investments in affiliates 14 18 40 Loss on foreign currency transactions (1 ) (3 ) (4 ) Income tax (expense) benefit (35 ) (23 ) 2,346 Other gain, net 46 102 — Other items (16 ) (11 ) (7 ) Net income $ 316 $ 477 $ 2,631 The following table presents total assets for our consolidated hotels, reconciled to consolidated amounts: December 31, 2019 2018 (in millions) Consolidated hotels $ 11,236 $ 9,305 All other 54 58 Total $ 11,290 $ 9,363 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, 2019 2018 2017 Revenues Property and Equipment, net Revenues Property and Equipment, net Revenues Property and Equipment, net (in millions) United States (1)(2) $ 2,804 $ 9,594 $ 2,676 $ 7,906 $ 2,618 $ 8,089 All other 40 — 61 69 173 222 $ 2,844 $ 9,594 $ 2,737 $ 7,975 $ 2,791 $ 8,311 (1) Includes revenues of $11 million, $14 million and $13 million for the years ended December 31, 2019, 2018 and 2017 from our laundry operations which is not part of our segment. Also includes property and equipment, net of $5 million as of December 31, 2019, 2018 and 2017, respectively, from our laundry operations. (2) Excludes $62 million and $31 million of property and equipment, net classified as held for sale as of December 31, 2019 and 2017, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 16: Commitments and Contingencies As of December 31, 2019, we had outstanding commitments under third-party contracts of approximately $43 million for capital expenditures at certain hotels. 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 may make certain indemnifications or guarantees to select buyers of our hotels as part of the sale process. In addition, losses related to certain contingent liabilities could be apportioned to us under the distribution and tax matters agreements related to the spin-off transaction. We are involved in litigation arising from the normal course of business, some of which includes claims for substantial sums. We are also involved in claims and litigation that is not in the ordinary course of business in connection with the spin-off from Hilton. The spin-off agreements indemnify us from certain of these claims as well as require us to indemnify Hilton. In connection with our obligation to indemnify Hilton under the spin-off agreements, we have reserved approximately $7 million related to ongoing claims as of December 31, 2019 with respect to an audit by the Australian Tax Office (“ATO”) related to the sale of the Hilton Sydney in June 2015. This amount could change as more information becomes available about the progress of Hilton’s defense against the ATO’s claim.

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	12 Months Ended
	Dec. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	Note 17: Supplemental Disclosures of Cash Flow Information Interest paid during the years ended December 31, 2019, 2018 and 2017, was $135 million, $123 million and $118 million, respectively. We paid $15 million, $63 million and $16 million in income taxes in 2019, 2018 and 2017, respectively. Capital expenditures included within accounts payable and accrued expenses The following non-cash investing and financing activities were excluded from the consolidated statements of cash flows: During the year ended December 31, 2019: • We issued $978 million of common stock and assumed $310 million of mortgage loans in connection with the Merger. • We transferred rooms at the Hilton Waikoloa Village to HGV and accordingly derecognized $123 million of property and equipment, net and $135 million of the related liability due to HGV. • We declared $136 million of dividends that were unpaid and accrued as of December 31, 2019. During the year ended December 31, 2018: • We transferred a restaurant at the Hilton Waikoloa Village to HGV and accordingly derecognized $3 million of property and equipment, net and $3 million of the related liability due to HGV. • We declared $206 million of dividends that were unpaid and accrued as of December 31, 2018. 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.

Selected Quarterly Financial In

Selected Quarterly Financial Information (unaudited)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Information (unaudited)	Note 18: 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. 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Year (in millions) Revenues $ 659 $ 703 $ 672 $ 810 $ 2,844 Operating income 129 111 38 148 426 Net income 97 84 9 126 316 Net income attributable to stockholders 96 82 5 123 306 Earnings per share - Basic (1) 0.48 0.40 0.02 0.51 1.44 Earnings per share - Diluted (1) 0.48 0.40 0.02 0.51 1.44 (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 necessarily equal the EPS for the full year. 2018 First Quarter Second Quarter Third Quarter Fourth Quarter Year (in millions) Revenues $ 668 $ 731 $ 652 $ 686 $ 2,737 Operating income 174 149 84 97 504 Net income 149 218 55 55 477 Net income attributable to stockholders 150 216 52 54 472 Earnings per share - Basic (1) 0.71 1.07 0.26 0.27 2.32 Earnings per share - Diluted (1) 0.71 1.07 0.26 0.27 2.31 (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 necessarily equal the EPS for the full year.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 19: Subsequent Events On February 19, 2020, we sold the 503-room Hilton São Paulo Morumbi for gross proceeds of approximately $118 million, or $234,000 per key. Upon the sale of this hotel, we no longer have any international hotels in our portfolio. Additionally, on the same day, we sold the 197-room Embassy Suites Washington DC Georgetown for gross proceeds of approximately $90 million, or $459,000 per key.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2019
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, 2019 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 Land Building & Improvements Furniture, Fixtures & Equipment Total Accumulated Depreciation Date of Construction Date Acquired (a) Life Upon Which Depreciation is Computed Caribe Hilton $ — $ 38 $ 56 $ 7 $ 87 $ 41 $ 115 $ 32 $ 188 $ (28 ) 1949 10/24/2007 3 - 40 years DoubleTree Hotel Durango — — — 2 6 — 3 5 8 (6 ) 1985 10/24/2007 3 - 40 years DoubleTree Hotel Ontario Airport 30 14 58 3 15 12 63 15 90 (24 ) 1974 10/24/2007 3 - 40 years DoubleTree Hotel San Diego—Mission Valley — — — 2 17 — 9 10 19 (11 ) 1989 10/24/2007 3 - 40 years DoubleTree Hotel San Jose — 15 67 5 25 15 82 15 112 (36 ) 1980 10/24/2007 3 - 40 years DoubleTree Hotel Seattle Airport — — — 11 27 — 11 27 38 (29 ) 1969 10/24/2007 3 - 40 years DoubleTree Hotel Sonoma Wine Country — — — 4 11 — 6 9 15 (10 ) 1977 10/24/2007 3 - 40 years Embassy Suites Austin Downtown South Congress — — 45 2 17 — 57 7 64 (28 ) 1983 10/24/2007 3 - 40 years Embassy Suites Phoenix—Airport — — 15 1 (9 ) — 3 4 7 (5 ) 1986 10/24/2007 3 - 40 years Hilton Boston Logan Airport — — 108 6 31 — 127 18 145 (46 ) 1999 10/24/2007 3 - 40 years Hilton Chicago — 69 233 12 144 69 340 49 458 (132 ) 1927 10/24/2007 3 - 40 years Hilton Hawaiian Village Waikiki Beach Resort 1,275 925 807 17 341 964 1,044 82 2,090 (410 ) 1961 10/24/2007 3 - 40 years Hilton McLean Tysons Corner — 50 82 3 (15 ) 23 55 42 120 (62 ) 1987 10/24/2007 3 - 40 years Hilton New Orleans Riverside — 89 217 3 87 90 261 45 396 (112 ) 1977 10/24/2007 3 - 40 years Hilton Oakland Airport — — 13 3 2 — 9 9 18 (9 ) 1970 10/24/2007 3 - 40 years Hilton Salt Lake City Center — — — 10 20 — 8 22 30 (22 ) 2002 10/24/2007 3 - 40 years Hilton San Francisco Union Square 725 (1) 113 232 16 135 113 333 50 496 (127 ) 1964 10/24/2007 3 - 40 years Hilton Santa Barbara Beachfront Resort 165 71 50 2 22 71 64 10 145 (17 ) 1986 10/24/2007 3 - 40 years Hilton Seattle Airport & Conference Center — — 70 3 16 — 80 9 89 (36 ) 1961 10/24/2007 3 - 40 years Hilton Short Hills — 59 54 3 20 59 64 13 136 (25 ) 1988 10/24/2007 3 - 40 years Hilton Waikoloa Village — 160 340 25 (75 ) 106 288 56 450 (138 ) 1988 10/24/2007 3 - 40 years New York Hilton Midtown — 1,096 542 13 138 1,043 656 90 1,789 (236 ) 1963 10/24/2007 3 - 40 years Embassy Suites Washington DC Georgetown — 62 53 2 (21 ) 40 46 10 96 (16 ) 1990 12/4/2007 3 - 40 years DoubleTree Hotel Washington DC—Crystal City — 43 95 2 48 43 127 18 188 (55 ) 1982 12/14/2007 3 - 40 years Hilton Miami Airport — 64 36 3 37 64 60 16 140 (32 ) 1984 12/14/2007 3 - 40 years DoubleTree Hotel Spokane City Center 12 3 24 2 11 3 30 7 40 (12 ) 1986 1/1/2010 3 - 40 years Hilton Orlando Lake Buena Vista — — 137 10 38 — 161 24 185 (56 ) 1983 8/30/2010 3 - 40 years Embassy Suites Kansas City—Plaza — — 26 1 3 — 28 2 30 (14 ) 1973 7/25/2014 3 - 40 years Hilton Orlando Bonnet Creek — 15 377 31 48 16 401 54 471 (82 ) 2009 2/12/2015 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, 2019 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 Land Building & Improvements Furniture, Fixtures & Equipment Total Accumulated Depreciation Date of Construction Date Acquired (a) Life Upon Which Depreciation is Computed Parc 55 San Francisco - A Hilton Hotel $ — (1) $ 175 $ 315 $ 32 $ 15 $ 175 $ 325 $ 37 $ 537 $ (71 ) 1984 2/12/2015 3 - 40 years Waldorf Astoria Orlando — 34 274 29 9 34 275 37 346 $ (70 ) 2009 2/12/2015 3 - 40 years Casa Marina, A Waldorf Astoria Resort — 164 174 9 5 164 176 12 352 (30 ) 1920 2/17/2015 3 - 40 years The Reach Key West, Curio Collection — 57 67 3 14 57 81 3 141 (9 ) 1970 2/17/2015 3 - 40 years Juniper Hotel Cupertino, Curio Collection — 40 64 8 2 40 64 10 114 (17 ) 1973 6/2/2015 3 - 40 years Boston Marriott Newton — 24 74 15 — 24 74 15 113 (1 ) 1969 9/18/2019 3 - 40 years Courtyard Washington Capitol Hill/Navy Yard — 13 54 5 — 13 54 5 72 (1 ) 2006 9/18/2019 3 - 40 years Hilton Checkers Los Angeles 28 19 44 7 — 19 44 7 70 (1 ) 1927 9/18/2019 3 - 40 years Hilton Denver City Center 61 14 163 21 — 14 163 21 198 (3 ) 1982 9/18/2019 3 - 40 years Homewood Suites by Hilton Seattle Convention Center Pike Street — 5 75 7 — 5 75 7 87 (1 ) 1990 9/18/2019 3 - 40 years Hotel Adagio, Autograph Collection — 25 54 7 — 25 54 7 86 (1 ) 1929 9/18/2019 3 - 40 years Hotel Indigo San Diego Gaslamp Quarter — 7 60 8 — 7 60 8 75 (1 ) 2009 9/18/2019 3 - 40 years Hyatt Centric Fisherman’s Wharf — 33 122 11 — 33 122 11 166 (2 ) 1990 9/18/2019 3 - 40 years Hyatt Regency Boston 141 — 177 14 — — 177 14 191 (3 ) 1985 9/18/2019 3 - 40 years Hyatt Regency Mission Bay Spa and Marina — 5 118 15 — 5 118 15 138 (2 ) 1961 9/18/2019 3 - 40 years JW Marriott San Francisco Union Square — — 191 13 — — 191 13 204 (2 ) 1987 9/18/2019 3 - 40 years Le Meridien San Francisco — 48 176 8 — 48 176 8 232 (2 ) 1989 9/18/2019 3 - 40 years Royal Palm South Beach Miami, a Tribute Portfolio Resort — 16 139 12 — 16 139 12 167 (2 ) 1926 9/18/2019 3 - 40 years W Chicago – City Center 79 20 76 14 1 20 77 14 111 (1 ) 1928 9/18/2019 3 - 40 years W Chicago – Lakeshore — 22 58 8 — 22 58 8 88 (1 ) 1965 9/18/2019 3 - 40 years W New Orleans – French Quarter — 3 21 1 — 3 21 1 25 (1 ) 1872 9/18/2019 3 - 40 years Total $ 2,516 $ 3,610 $ 6,233 $ 451 $ 1,272 $ 3,496 $ 7,055 $ 1,015 $ 11,566 $ (2,038 ) (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 Blackstone Merger. Park Hotels & Resorts Inc. Schedule III Real Estate and Accumulated Depreciation—(continued) (Dollars in millions) December 31, 2019 Notes: (A) The change in total cost of properties for the fiscal years ended December 31, 2019, 2018 and 2017 is as follows: Year Ended December 31, 2019 2018 2017 (in millions) Balance at beginning of period $ 9,921 $ 10,249 $ 10,310 Additions during period: Acquisitions 2,220 — — Capital expenditures 248 192 198 Deductions during period: Transfers to assets held for sale (86 ) — (46 ) Dispositions, including casualty losses and impairment loss on planned dispositions (734 ) (512 ) (236 ) Foreign exchange effect (3 ) (8 ) 23 Balance at end of period $ 11,566 $ 9,921 $ 10,249 (B) The change in accumulated depreciation for the fiscal years ended December 31, 2019, 2018 and 2017 is as follows: Year Ended December 31, 2019 2018 2017 (in millions) Balance at beginning of period $ 2,011 $ 2,004 $ 1,832 Additions during period: Depreciation expense 256 268 280 Deductions during period: Transfers to assets held for sale (24 ) — (15 ) Dispositions, including casualty losses (206 ) (262 ) (85 ) Foreign exchange effect 1 1 (8 ) Balance at end of period $ 2,038 $ 2,011 $ 2,004 (C) The aggregate cost of real estate for U.S. federal income tax purposes is approximately $6.803 billion as of December 31, 2019.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation 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 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.
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 revenues and expenses during the reporting period. Actual results could differ from those estimates.
Reclassifications	Reclassifications Certain line items on the consolidated statements of comprehensive income for the years ended December 31, 2018 and 2017 and consolidated statements of cash flows for the year ended December 31, 2018 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)
Investments in Affiliates	Investments in Affiliates The consolidated financial statements include entities in which we have a controlling financial interest, including VIEs 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 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 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
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)
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 its predecessor’s . 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 Blackstone Merger. casualty (gain) loss and impairment loss, net
Intangible Assets	Intangible Assets Intangible assets with finite useful lives primarily include an air rights contract and ground lease and operating lease contracts. The air rights contract value is based on the present value of the difference between the contractual rental amounts and the market rental rates for similar contracts, measured over a period equal to the remaining non-cancellable term of the contract. The value of the ground lease and operating lease contracts 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-cancellable term of the contract. Intangible assets are amortized using the straight-line method over the remaining 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 and reserves for capital expenditures in accordance with certain of our management 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.
Leases	Leases We consider an arrangement to contain a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for compensation. Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent the present value of our fixed payment obligations. Leases with a term of 12 months or less are not recorded on the balance sheet. Our l
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) 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”). Hotel operating revenues are disaggregated into room revenue, food and beverage revenue, ancillary hotel revenue and other revenue on the consolidated statements of comprehensive income to illustrate how economic factors affect the nature, amount and timing, and uncertainty of revenue and cash flows. Rooms revenue is recognized over time when rooms are occupied and food and beverage revenue is recognized at a point in time when goods and services have been delivered or rendered. Ancillary hotel revenue and other revenue is generally recognized at a point in time as goods and services are delivered or rendered. We assess if we are the principal or agent for certain ancillary services provided by third parties. If we are the principal, we recognize revenue based on the gross sales price. If we are the agent, we recognize revenue net of costs paid to service providers. Payment received for a future stay or event is recognized as an advance deposit, which is included in other liabilities
Currency Transaction	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) (loss) gain on foreign currency transactions
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 are treated as a REIT for U.S. federal income tax purposes, and we believe we have been organized and operated, and expect to continue to be organized and operate, in a manner to qualify as a REIT. To qualify as a REIT, we must satisfy requirements related to, 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 annually and the diversity of ownership of our stock. To the extent we continue to remain qualified 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 annually to our stockholders. Accordingly, no provision for U.S. federal income taxes has been included in our accompanying consolidated financial statements for the years ended December 31, 2019, 2018 and 2017 related to our REIT activities, other than the derecognition and remeasurement of deferred tax assets and liabilities associated with our election to be taxed as a REIT and taxes associated with built-in gains related to our assets owned at the date of our spin-off. 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). 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 February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-02 (“ASU 2016-02”), Leases (Topic 842) Leases (Topic 840) retained earnings. intangibles, net other liabilities In August 2018, the FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) , which adds recognition, measurement, and disclosure guidance on implementation costs of cloud computing arrangements. Implementation costs incurred by customers in cloud computing arrangements are deferred if they would be capitalized by customers in software license arrangements under the existing internal-use software guidance. We elected to early adopt this ASU as of January 1, 2019 on a prospective basis and there was no effect on our consolidated financial statements. Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments-Credit Losses

Acquisitions, Dispositions an_2

Acquisitions, Dispositions and Assets Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2019
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Summary of Hotel Portfolio Properties Acquired	As a result of the Merger, we acquired a 100% ownership interest in the following 18 hotels: Hotel Location Rooms Hilton Denver City Center Denver, CO 613 W Chicago – Lakeshore Chicago, IL 520 Hyatt Regency Boston Boston, MA 502 Hyatt Regency Mission Bay Spa and Marina San Diego, CA 438 Boston Marriott Newton Newton, MA 430 Le Meridien New Orleans (1) New Orleans, LA 410 W Chicago – City Center Chicago, IL 403 Royal Palm South Beach Miami, a Tribute Portfolio Resort Miami Beach, FL 393 Le Meridien San Francisco San Francisco, CA 360 JW Marriott San Francisco Union Square San Francisco, CA 344 Hyatt Centric Fisherman’s Wharf San Francisco, CA 316 Hotel Indigo San Diego Gaslamp Quarter San Diego, CA 210 Courtyard Washington Capitol Hill/Navy Yard Washington, DC 204 Homewood Suites by Hilton Seattle Convention Center Pike Street Seattle, WA 195 Hilton Checkers Los Angeles Los Angeles, CA 193 Ace Hotel Downtown Los Angeles (1) Los Angeles, CA 182 Hotel Adagio, Autograph Collection San Francisco, CA 171 W New Orleans – French Quarter New Orleans, LA 97 5,981 (1) Hotels were subsequently sold in December 2019.
Schedule of Preliminary Allocation of Assets Acquired and Liabilities Assumed	We preliminarily allocated the purchase price consisting of common stock issued of $978 million and cash of $1,013 million as follows: (in millions) Investment in hotel properties, net $ 2,220 Intangibles, net 45 Cash and cash equivalents 62 Restricted cash 38 Accounts receivable, net 26 Prepaid expenses 9 Other assets 2 Operating lease right-of-use asset 65 Debt (311 ) Accounts payable and accrued expenses (47 ) Due to hotel managers (15 ) Other liabilities (15 ) Operating lease liability (88 ) Total consideration $ 1,991
Schedule of Unaudited Condensed Pro-forma Financial Information	The unaudited condensed pro-forma financial information is as follows: For the year ended December 31, 2019 2018 (unaudited) (in millions) Total revenues $ 3,250 $ 3,297 Operating income 504 608 Net income 359 531
Summary of Assets and Liabilities Held for Sale and Dispositions	Hotel Location Month Sold Pointe Hilton Squaw Peak Resort Phoenix, Arizona February 2019 Hilton Nuremberg Nuremberg, Germany March 2019 Hilton Atlanta Airport Atlanta, Georgia June 2019 Hilton New Orleans Airport (1) New Orleans, Louisiana June 2019 Embassy Suites Parsippany (1) Parsippany, New Jersey June 2019 Ace Hotel Downtown Los Angeles Los Angeles, CA December 2019 Le Meridien New Orleans New Orleans, Louisiana December 2019 (1) Hotels were sold as a portfolio in the same transaction.
Hilton São Paolo [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Summary of Assets and Liabilities Held for Sale and Dispositions	Assets and liabilities held for sale related to the Hilton São Paolo were as follows as of December 31, 2019: (in millions) Assets: Property and equipment, net $ 62 Cash and cash equivalents 7 Accounts receivable 2 Prepaid expenses — Total Assets Held for Sale $ 71 Liabilities: Liabilities related to assets held for sale (1) $ 6 Total Liabilities Held for Sale $ 6 (1) Amounts included in Other liabilities in our consolidated balance sheet as of December 31, 2019.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Property and Equipment	Property and equipment were: December 31, 2019 (1) December 31, 2018 (in millions) Land $ 3,512 $ 3,344 Buildings and leasehold improvements 6,978 5,616 Furniture and equipment 1,059 949 Construction-in-progress 134 124 11,683 10,033 Accumulated depreciation and amortization (2,089 ) (2,058 ) $ 9,594 $ 7,975 (1) Excludes $62 million of property and equipment, net classified as held for sale as of December 31, 2019.

Consolidated Variable Interes_2

Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates (Tables)	12 Months Ended
	Dec. 31, 2019
Consolidated Variable Interest Entities And Investments In Affiliates [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, 2019 December 31, 2018 (in millions) Property and equipment, net $ 221 $ 223 Cash and cash equivalents 13 12 Restricted cash 1 1 Accounts receivable, net 5 4 Prepaid expenses 2 2 Debt 207 207 Accounts payable and accrued expenses 8 7 Due to hotel manager 2 2 Other liabilities 2 1
Schedule of Investment in Affiliates	Investments in affiliates were: Ownership % December 31, 2019 December 31, 2018 (in millions) Hilton San Diego Bayfront 25% $ 18 $ 19 All others (6 hotels) (1) 20% - 50% 17 31 $ 35 $ 50 (1) In November 2019, we disposed of our ownership interest in the Conrad Dublin. Refer to Note 3: “Acquisitions, Dispositions and Assets Held for Sale”

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2017 $ 2,708 $ (2,102 ) $ 606 Distribution to Parent — — — Foreign currency translation 1 — 1 Balance as of December 31, 2018 2,709 (2,102 ) 607 Distribution to Parent — — — Foreign currency translation — — — Balance as of December 31, 2019 $ 2,709 $ (2,102 ) $ 607
Schedule of Intangible Assets	Intangible assets were: December 31, 2019 2018 (in millions) Acquired below market leases (1) $ — $ 61 Air rights contract (2) 45 — Other 8 10 Accumulated amortization (7 ) (44 ) $ 46 $ 27 (1) Leases, Operating lease right-of-use asset (2)
Schedule of Estimated Future Amortization Expense for Intangible Assets	As of December 31, 2019, we estimated our future amortization expense for our intangible assets to be: Year (in millions) 2020 $ 1 2021 1 2022 1 2023 1 2024 1 Thereafter 41 $ 46

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Debt	Debt balances and associated interest rates as of December 31, 2019 were: Principal balance as of Interest Rate at December 31, 2019 Maturity Date December 31, 2019 December 31, 2018 (in millions) SF CMBS Loan 4.11% November 2023 $ 725 $ 725 HHV CMBS Loan 4.20% November 2026 1,275 1,275 Mortgage loans (1) Average rate of 4.26% 2020 to 2026 (2) 515 207 2016 Term Loan L + 1.55% December 2021 700 750 2019 Term Facility L + 1.50% September 2024 670 — Revolver (3) L + 1.60% December 2021 (2) — — Capital lease obligations 3.07% 2021 to 2022 1 1 3,886 2,958 Add: unamortized premium 3 — Less: unamortized deferred financing costs and discount (18 ) (10 ) $ 3,871 $ 2,948 (1) (2) (3)
Debt Maturities, Assuming the Exercise of all Extensions that are Exercisable Solely at our Option	The contractual maturities of our debt, assuming the exercise of all extensions that are exercisable solely at our option, as of December 31, 2019 were: Year (in millions) 2020 $ 21 2021 709 2022 97 2023 827 2024 676 Thereafter (1) 1,556 $ 3,886 (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, 2019
Fair Value Disclosures [Abstract]
Fair Value of Debt and Hierarchy Level Used to Estimate Fair Values	The fair value of our debt and the hierarchy level we used to estimate fair values are shown below: December 31, 2019 December 31, 2018 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (in millions) Liabilities: SF CMBS Loan 3 $ 725 $ 740 $ 725 $ 706 HHV CMBS Loan 3 1,275 1,316 1,275 1,214 2016 Term Loan 3 700 698 750 732 2019 Term Facility 3 670 667 — — Mortgage loans 3 516 516 207 201

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of Maturities of Non-Cancelable Operating Lease Liabilities	The maturities of our non-cancelable operating lease liabilities, due in each of the next five years and thereafter as of December 31, 2019, were: Operating Leases Year (in millions) 2020 $ 29 2021 29 2022 29 2023 24 2024 25 Thereafter 365 Total minimum rent payments 501 Less: imputed interest 241 Total operating lease liabilities $ 260
Schedule of Rent Expense and Supplemental Cash Flow and Non Cash Information	The components of rent expense, which are primarily included in other property-level expenses Year Ended December 31, 2019 (in millions) Operating lease expense $ 30 Variable lease expense 13 Operating cash flows for operating leases 36 Right-of-use assets obtained in exchange for lease obligations (1) 278 (1) For the year ended December 31, 2019, balance represents right-of-use assets recognized upon adoption of ASC 842, Leases, on January 1, 2019, and right-of-use assets assumed in connection with the Merger.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Domestic and Foreign Income Before Income Taxes	Our tax provision includes U.S. federal, state and foreign income taxes payable. The domestic and foreign components of income before income taxes were: Year Ended December 31, 2019 2018 2017 (in millions) U.S. income before tax $ 350 $ 498 $ 279 Foreign income before tax 1 2 6 Income before income taxes $ 351 $ 500 $ 285
Components of (Benefit) Provision for Income Taxes	The components of our (benefit) provision for income taxes were: Year Ended December 31, 2019 2018 2017 (in millions) Current: U.S. Federal $ 16 $ 34 $ 21 State 3 6 2 Foreign 11 3 9 Total current 30 43 32 Deferred: U.S. Federal 3 (18 ) (2,373 ) Foreign 2 (2 ) (5 ) Total deferred 5 (20 ) (2,378 ) Total provision (benefit) for income taxes $ 35 $ 23 $ (2,346 )
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, 2019 2018 2017 (in millions) Statutory U.S. federal income tax provision $ 74 $ 105 $ 100 State income taxes, net of U.S. federal tax benefit 2 3 2 Foreign income tax expense 13 2 4 Change in deferred tax asset valuation allowance 2 — 3 Tax rate change — (2 ) (25 ) REIT income not subject to tax (69 ) (92 ) (83 ) Derecognition and remeasurement of deferred taxes 13 7 (2,347 ) Provision (benefit) for income taxes $ 35 $ 23 $ (2,346 )
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, 2019 2018 (in millions) Deferred income tax assets (1) $ 8 $ 3 Deferred income tax liabilities (50 ) (42 ) Net deferred tax liability $ (42 ) $ (39 ) (1) Included within other assets
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, 2019 2018 (in millions) Deferred tax assets: Net operating loss carryforwards $ 9 $ 8 Deferred income 4 3 Accrued compensation 2 3 Other 6 4 Total gross deferred tax assets 21 18 Less: valuation allowance (6 ) (4 ) Deferred tax assets 15 14 Deferred tax liabilities: Property and equipment (48 ) (44 ) Investments (8 ) (9 ) Accrued compensation (1 ) — Deferred tax liabilities (57 ) (53 ) Net deferred tax liability $ (42 ) $ (39 )
Schedule of Cash Distributions to Stockholders for Federal Income Tax Purposes	For U.S. federal income tax purposes, the cash distributions to stockholders are characterized as follows: For the Year Ended For the Year Ended December 31, 2019 December 31, 2018 Common distributions (per share): Ordinary dividends $ 1.61 $ 1.64 Capital gain distributions 0.29 1.32

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
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 years ended December 31, 2019, 2018 and 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 Granted 367,463 27.34 Vested (214,208 ) 26.67 Forfeited (29,788 ) 27.48 Unvested at December 31, 2018 585,106 26.89 Granted 302,506 31.24 Vested (312,462 ) 26.99 Forfeited (17,905 ) 29.58 Unvested at December 31, 2019 557,245 $ 29.10
Schedule of Performance Stock Units ("PSUs")	The following table provides a summary of PSUs for the years ended December 31, 2019, 2018 and 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 Granted 179,774 29.47 Vested — — Forfeited (13,395 ) 30.48 Unvested at December 31, 2018 537,936 31.16 Granted 314,858 34.28 Vested (277,325 ) 31.25 Forfeited (672 ) 42.05 Unvested at December 31, 2019 574,797 $ 32.82
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: Year Ended December 31, 2019 2018 2017 Expected volatility (1) 19.5% - 21.5% 20.0% - 24.0% 25.5% - 29.5% Dividend yield (2) — — — Risk-free rate 1.8% - 2.4% 2.4% - 2.7% 1.2% - 1.5% Expected term 3 years 3 years 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 and implied volatilities over the performance period to estimate appropriate expected volatilities. For the years ended December 31, 2019, 2018 and 2017, (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, 2019
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, 2019 2018 2017 (in millions, except per share amounts) Numerator: Net income attributable to stockholders (1) $ 306 $ 472 $ 2,625 Earnings allocated to participating securities (1 ) (2 ) (8 ) Net income attributable to stockholders, net of earnings allocated to participating securities $ 305 $ 470 $ 2,617 Denominator: Weighted average shares outstanding – basic 212 203 211 Unvested restricted shares 1 1 — Net effect of shares issued with respect to E&P Dividend (2) — — 3 Weighted average shares outstanding – diluted 213 204 214 Basic EPS (3) $ 1.44 $ 2.32 $ 12.38 Diluted EPS (3) $ 1.44 $ 2.31 $ 12.21 (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) 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”). (3) Per share amounts are calculated based on unrounded numbers.

Net Parent Investment (Tables)

Net Parent Investment (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Components of Net Transfers to Parent on the Consolidated Statements of Cash Flows and Consolidated Statements of Equity	The components of the net transfers to Parent Year Ended December 31, 2017 (in millions) Cash pooling and general financing activities $ (9 ) Corporate allocations — Income taxes (4 ) Net transfers to Parent $ (13 )

Geographic and Business Segme_2

Geographic and Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Reconciliation of Revenues from Consolidated Hotels to Condensed Combined 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, 2019 2018 2017 (in millions) Revenues: Total consolidated hotel revenue $ 2,767 $ 2,665 $ 2,727 Other revenues 77 72 64 Total revenues $ 2,844 $ 2,737 $ 2,791 Hotel Adjusted EBITDA $ 802 $ 761 $ 758 Other revenues 77 72 64 Casualty gain (loss) and impairment loss, net 18 1 (26 ) Depreciation and amortization expense (264 ) (277 ) (288 ) Corporate general and administrative expense (62 ) (65 ) (68 ) Acquisition costs (70 ) — — Other operating expenses (78 ) (73 ) (63 ) Gain on sales of assets, net 19 96 1 Interest income 6 6 2 Interest expense (140 ) (127 ) (124 ) Equity in earnings from investments in affiliates 14 18 40 Loss on foreign currency transactions (1 ) (3 ) (4 ) Income tax (expense) benefit (35 ) (23 ) 2,346 Other gain, net 46 102 — Other items (16 ) (11 ) (7 ) Net income $ 316 $ 477 $ 2,631
Schedule of Total Assets by Consolidated Hotels, Reconciled To Condensed Combined Consolidated Amounts	The following table presents total assets for our consolidated hotels, reconciled to consolidated amounts: December 31, 2019 2018 (in millions) Consolidated hotels $ 11,236 $ 9,305 All other 54 58 Total $ 11,290 $ 9,363
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, 2019 2018 2017 Revenues Property and Equipment, net Revenues Property and Equipment, net Revenues Property and Equipment, net (in millions) United States (1)(2) $ 2,804 $ 9,594 $ 2,676 $ 7,906 $ 2,618 $ 8,089 All other 40 — 61 69 173 222 $ 2,844 $ 9,594 $ 2,737 $ 7,975 $ 2,791 $ 8,311 (1) Includes revenues of $11 million, $14 million and $13 million for the years ended December 31, 2019, 2018 and 2017 from our laundry operations which is not part of our segment. Also includes property and equipment, net of $5 million as of December 31, 2019, 2018 and 2017, respectively, from our laundry operations. (2) Excludes $62 million and $31 million of property and equipment, net classified as held for sale as of December 31, 2019 and 2017, respectively.

Selected Quarterly Financial _2

Selected Quarterly Financial Information (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
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. 2019 First Quarter Second Quarter Third Quarter Fourth Quarter Year (in millions) Revenues $ 659 $ 703 $ 672 $ 810 $ 2,844 Operating income 129 111 38 148 426 Net income 97 84 9 126 316 Net income attributable to stockholders 96 82 5 123 306 Earnings per share - Basic (1) 0.48 0.40 0.02 0.51 1.44 Earnings per share - Diluted (1) 0.48 0.40 0.02 0.51 1.44 (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 necessarily equal the EPS for the full year. 2018 First Quarter Second Quarter Third Quarter Fourth Quarter Year (in millions) Revenues $ 668 $ 731 $ 652 $ 686 $ 2,737 Operating income 174 149 84 97 504 Net income 149 218 55 55 477 Net income attributable to stockholders 150 216 52 54 472 Earnings per share - Basic (1) 0.71 1.07 0.26 0.27 2.32 Earnings per share - Diluted (1) 0.71 1.07 0.26 0.27 2.31 (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 necessarily equal the EPS for the full year.

Organization - Additional Infor

Organization - Additional Information (Details) - $ / shares	Sep. 17, 2019	May 05, 2019	Jan. 03, 2017
Park Intermediate Holdings LLC [Member]
Organization [Line Items]
Percentage of ownership interest			100.00%
Chesapeake Lodging Trust [Member]
Organization [Line Items]
Business acquisition,par value per common share	$ 25.88	$ 0.01
Business acquisition, cash consideration transferred, per share		$ 11
Business acquisition, consideration transferred number of shares per share		0.628
Fractional shares of common stock to be issued in merger agreement		0

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details)	Jan. 01, 2019USD ($)	Dec. 31, 2019USD ($)Hotel	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Summary of Significant Accounting Policies [Line Items]
Number of reporting units to which goodwill has allocated | Hotel		2
Advance deposit balance		$ 98,000,000	$ 90,000,000
Provision for U.S federal income taxes		$ 35,000,000	23,000,000	$ (2,346,000,000)
Income tax benefit recognized in financial statements measured as largest amount of benefit that is greater than percentage value of being realized upon settlement		50.00%
Operating lease right-of-use asset		$ 248,000,000
Operating lease liability		260,000,000
Accounting Standards Update 2016-02 [Member] | New Accounting Pronouncement Effect [Member]
Summary of Significant Accounting Policies [Line Items]
Operating lease right-of-use asset	$ 213,000,000
Operating lease liability	213,000,000
Operating lease, impairment loss on right of use asset	8,000,000
Below market lease intangibles	(25,000,000)
Deferred rent liabilities	$ (8,000,000)
REIT [Member] | U.S. Federal Tax [Member]
Summary of Significant Accounting Policies [Line Items]
Provision for U.S federal income taxes		$ 0	$ 0	$ 0
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Percentage of ownership for consolidate entity		50.00%
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Operating lease initial term	12 months
Buildings and Improvements [Member] | Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful life		8 years
Buildings and Improvements [Member] | Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful life		40 years
Furniture and Equipment [Member] | Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful life		3 years
Furniture and Equipment [Member] | Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful life		8 years
Computer Equipment and Acquired Software [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful life		3 years

Acquisitions, Dispositions an_3

Acquisitions, Dispositions and Assets Held for Sale - Additional Information (Detail) $ / shares in Units, shares in Millions, R$ in Millions, $ in Millions	1 Months Ended		3 Months Ended								12 Months Ended						24 Months Ended
	Nov. 30, 2019USD ($)	May 31, 2018USD ($)	Dec. 31, 2019USD ($)Hotel	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)Hotel	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)Hotelshares		Dec. 31, 2018USD ($)Hotel		Dec. 31, 2017USD ($)		Dec. 31, 2019USD ($)Hotel	Feb. 29, 2020USD ($)	Feb. 29, 2020BRL (R$)	Sep. 17, 2019$ / shares	May 05, 2019$ / shares
Business Acquisition [Line Items]
Acquisition costs											$ 70
Operating income			$ 148	$ 38	$ 111	$ 129	$ 97	$ 84	$ 149	$ 174	426		$ 504		$ 371
Net income			$ 123	$ 5	$ 82	$ 96	$ 54	$ 52	$ 216	$ 150	$ 306	[1]	$ 472	[1]	$ 2,625	[1]
Number of hotel portfolio properties sold | Hotel			7				12				7		12				7
Gross proceeds on sale of hotel portfolio properties											$ 436		$ 379
Net gain on selling cost of hotel portfolio properties											$ 19		98
Reclassification of currency translation adjustment from accumulated other comprehensive loss to earnings on disposition of hotel portfolio properties													$ 31
Hilton São Paolo [Member] | Scenario Forecast [Member]
Business Acquisition [Line Items]
Gross sale price of disposal																		$ 118	R$ 500
Conrad Dublin [Member]
Business Acquisition [Line Items]
Gross proceeds on sale of hotel portfolio properties	$ 128
Pro-rata share amount before customary closing adjustments	61
Net gain on sale of hotel portfolio properties	$ 44
Hilton Berlin [Member]
Business Acquisition [Line Items]
Gross proceeds on sale of hotel portfolio properties		$ 375
Pro-rata share amount before customary closing adjustments		151
Net gain on sale of hotel portfolio properties		107
Reclassification of currency translation adjustment from accumulated other comprehensive loss to earnings on disposition of hotel portfolio properties		$ 8
Chesapeake Lodging Trust [Member]
Business Acquisition [Line Items]
Percentage of ownership interest in properties											100.00%
Total consideration											$ 2,000
Business acquisition, consideration transferred number of shares issued | shares											37.8
Business acquisition,par value per common share | $ / shares																				$ 25.88	$ 0.01
Cash issued for acquisition											$ 1,013
Acquisition costs											70
Revenue recognized																	$ 156
Operating income																	20
Net income																	$ 16
Chesapeake Lodging Trust [Member] | Common Stock [member]
Business Acquisition [Line Items]
Shares issued for acquisition											$ 978
[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.

Acquisitions, Dispositions an_4

Acquisitions, Dispositions and Assets Held for Sale - Summary of Hotel Portfolio Properties Acquired (Detail) - Chesapeake Lodging Trust [Member]	12 Months Ended
	Dec. 31, 2019Room
Business Acquisition [Line Items]
Rooms	5,981
Hilton Denver City Center [Member]
Business Acquisition [Line Items]
Location	Denver, CO
Rooms	613
W Chicago – Lakeshore [Member]
Business Acquisition [Line Items]
Location	Chicago, IL
Rooms	520
Hyatt Regency Boston [Member]
Business Acquisition [Line Items]
Location	Boston, MA
Rooms	502
Hyatt Regency Mission Bay Spa and Marina [Member]
Business Acquisition [Line Items]
Location	San Diego, CA
Rooms	438
Boston Marriott Newton [Member]
Business Acquisition [Line Items]
Location	Newton, MA
Rooms	430
Le Meridien New Orleans [Member]
Business Acquisition [Line Items]
Location	New Orleans, LA	[1]
Rooms	410	[1]
W Chicago – City Center [Member]
Business Acquisition [Line Items]
Location	Chicago, IL
Rooms	403
Royal Palm South Beach Miami, a Tribute Portfolio Resort [Member]
Business Acquisition [Line Items]
Location	Miami Beach, FL
Rooms	393
Le Meridien San Francisco [Member]
Business Acquisition [Line Items]
Location	San Francisco, CA
Rooms	360
JW Marriott San Francisco Union Square [Member]
Business Acquisition [Line Items]
Location	San Francisco, CA
Rooms	344
Hyatt Centric Fisherman’s Wharf [Member]
Business Acquisition [Line Items]
Location	San Francisco, CA
Rooms	316
Hotel Indigo San Diego Gaslamp Quarter [Member]
Business Acquisition [Line Items]
Location	San Diego, CA
Rooms	210
Courtyard Washington Capitol Hill/Navy Yard [Member]
Business Acquisition [Line Items]
Location	Washington, DC
Rooms	204
Homewood Suites by Hilton Seattle Convention Center Pike Street [Member]
Business Acquisition [Line Items]
Location	Seattle, WA
Rooms	195
Hilton Checkers Los Angeles [Member]
Business Acquisition [Line Items]
Location	Los Angeles, CA
Rooms	193
Ace Hotel Downtown Los Angeles [Member]
Business Acquisition [Line Items]
Location	Los Angeles, CA	[1]
Rooms	182	[1]
Hotel Adagio, Autograph Collection [Member]
Business Acquisition [Line Items]
Location	San Francisco, CA
Rooms	171
W New Orleans – French Quarter [Member]
Business Acquisition [Line Items]
Location	New Orleans, LA
Rooms	97
[1]	Hotels were subsequently sold in December 2019.

Acquisitions, Dispositions an_5

Acquisitions, Dispositions and Assets Held for Sale - Schedule of Preliminary Allocation of Assets Acquired and Liabilities Assumed (Detail) - Chesapeake Lodging Trust [Member] $ in Millions	Dec. 31, 2019USD ($)
Business Acquisition [Line Items]
Investment in hotel properties, net	$ 2,220
Intangibles, net	45
Cash and cash equivalents	62
Restricted cash	38
Accounts receivable, net	26
Prepaid expenses	9
Other assets	2
Operating lease right-of-use asset	65
Debt	(311)
Accounts payable and accrued expenses	(47)
Due to hotel managers	(15)
Other liabilities	(15)
Operating lease liability	(88)
Total consideration	$ 1,991

Acquisitions, Dispositions an_6

Acquisitions, Dispositions and Assets Held for Sale - Schedule of Unaudited Condensed Pro-forma Financial Information (Detail) - Chesapeake Lodging Trust [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Total revenues	$ 3,250	$ 3,297
Operating income	504	608
Net income	$ 359	$ 531

Acquisitions, Dispositions an_7

Acquisitions, Dispositions and Assets Held for Sale - Summary of Hotel Portfolio Properties Sold (Detail)	12 Months Ended
	Dec. 31, 2019
Pointe Hilton Squaw Peak Resort [Member]
Business Acquisition [Line Items]
Location	Phoenix, Arizona
Month Sold	2019-02
Hilton Nuremberg [Member]
Business Acquisition [Line Items]
Location	Nuremberg, Germany
Month Sold	2019-03
Hilton Atlanta Airport [Member]
Business Acquisition [Line Items]
Location	Atlanta, Georgia
Month Sold	2019-06
Hilton New Orleans Airport [Member]
Business Acquisition [Line Items]
Location	New Orleans, Louisiana	[1]
Month Sold	2019-06	[1]
Embassy Suites Parsippany [Member]
Business Acquisition [Line Items]
Location	Parsippany, New Jersey	[1]
Month Sold	2019-06	[1]
Ace Hotel Downtown Los Angeles [Member]
Business Acquisition [Line Items]
Location	Los Angeles, CA
Month Sold	2019-12
Le Meridien New Orleans [Member]
Business Acquisition [Line Items]
Location	New Orleans, Louisiana
Month Sold	2019-12
[1]	Hotels were sold as a portfolio in the same transaction.

Acquisitions, Dispositions an_8

Acquisitions, Dispositions and Assets Held for Sale - Summary of Assets and Liabilities Held for Sale (Detail) - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2017
Assets:
Property and equipment, net		$ 62
Hilton São Paolo [Member]
Assets:
Property and equipment, net		62	$ 31
Cash and cash equivalents		7
Accounts receivable		2
Total Assets Held for Sale		71
Liabilities:
Liabilities related to assets held for sale	[1]	6
Total Liabilities Held for Sale		$ 6
[1]	Amounts included in Other liabilities in our consolidated balance sheet as of December 31, 2019.

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Millions	Dec. 31, 2019	[1]	Dec. 31, 2018	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Land	$ 3,512		$ 3,344
Buildings and leasehold improvements	6,978		5,616
Furniture and equipment	1,059		949
Construction-in-progress	134		124
Property and equipment, gross	11,683		10,033
Accumulated depreciation and amortization	(2,089)		(2,058)
Property and equipment, net	$ 9,594		$ 7,975	$ 8,311
[1]	Excludes $62 million of property and equipment, net classified as held for sale as of December 31, 2019.

Property and Equipment - Sche_2

Property and Equipment - Schedule of Property and Equipment (Parenthetical) (Detail) $ in Millions	Dec. 31, 2019USD ($)
Property Plant And Equipment [Abstract]
Property and equipment, net	$ 62

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)Room	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)Room	Oct. 31, 2016USD ($)Room
Property, Plant and Equipment [Line Items]
Depreciation	$ 262	$ 273	$ 283
Other gain, net	46	102
Casualty (gain) loss and impairment loss, net	(18)	(1)	$ 26
Hurricanes Irma and Maria [Member]
Property, Plant and Equipment [Line Items]
Insurance receivable	70	119
Reimbursements expense	3	6
Casualty (gain) loss and impairment loss, net	(18)
Gain on insurance recovered in excess of insurance receivable	27
Loss on property damage insurance not recovered	9
Expenses on property and equipment from hurricane damage		35
Loss on property and equipment from hurricane damage		22
Additional insurance receivable recognized for property and equipment damaged from hurricanes		57
Hurricanes Irma and Maria [Member] | Other Assets [Member]
Property, Plant and Equipment [Line Items]
Insurance settlements receivable on hurricanes damage	4	25
Hurricanes Irma and Maria [Member] | Ancillary Hotel [Member]
Property, Plant and Equipment [Line Items]
Business interruption insurance recovery	28	25
Hurricanes Irma and Maria [Member] | Property Damage [Member]
Property, Plant and Equipment [Line Items]
Insurance receivable	$ 39
Hilton Waikoloa Village [Member]
Property, Plant and Equipment [Line Items]
Number of hotel rooms | Room	466
Net book value of assets				$ 177
Lease expiration month and year	2019-12
Number of rooms released | Room			134
Derecognized property and equipment, net	$ 123	3	$ 38
Liability related to derecognized property and equipment, net	135	$ 3	$ 39
Other gain, net	$ 12
Hilton Waikoloa Village [Member] | Time Share Project [Member]
Property, Plant and Equipment [Line Items]
Number of hotel rooms | Room				600

Consolidated Variable Interes_3

Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates - Additional Information (Detail) $ in Millions	Dec. 31, 2019USD ($)Entity	Dec. 31, 2018USD ($)
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of consolidated VIEs | Entity	3
Debt of unconsolidated joint ventures | $	$ 943	$ 955

Consolidated Variable Interes_4

Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates - Schedule of Assets and Liabilities Included in Consolidated Balance Sheets (Detail) - USD ($) $ in Millions	Dec. 31, 2019		Dec. 31, 2018	Dec. 31, 2017
Variable Interest Entity [Line Items]
Property and equipment, net	$ 9,594	[1]	$ 7,975	$ 8,311
Cash and cash equivalents	346		410
Restricted cash	40		15
Accounts receivable, net	180		153
Prepaid expenses	83		82
Debt	3,871		2,948
Accounts payable and accrued expenses	217		183
Due to hotel manager	159		137
Other liabilities	282		332
Consolidated VIEs [Member]
Variable Interest Entity [Line Items]
Property and equipment, net	221		223
Cash and cash equivalents	13		12
Restricted cash	1		1
Accounts receivable, net	5		4
Prepaid expenses	2		2
Debt	207		207
Accounts payable and accrued expenses	8		7
Due to hotel manager	2		2
Other liabilities	$ 2		$ 1
[1]	Excludes $62 million of property and equipment, net classified as held for sale as of December 31, 2019.

Consolidated Variable Interes_5

Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates - Schedule of Investments in Affiliates (Detail) - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Schedule Of Equity Method Investments [Line Items]
Investments in affiliates		$ 35	$ 50
Minimum [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		50.00%
Hilton San Diego Bayfront [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage		25.00%
Investments in affiliates		$ 18	19
All others (7 hotels) [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in affiliates	[1]	$ 17	$ 31
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	[1]	50.00%
[1]	In November 2019, we disposed of our ownership interest in the Conrad Dublin. Refer to Note 3: “Acquisitions, Dispositions and Assets Held for Sale”

Goodwill and Intangibles - Addi

Goodwill and Intangibles - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2008
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill allocated	$ 2,709	$ 2,709	$ 2,708	$ 3,500
Impairment loss recognized	$ 2,102	$ 2,102	$ 2,102	$ 2,700

Goodwill and Intangibles - Sche

Goodwill and Intangibles - Schedule of Goodwill Balance and Related Activity (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill beginning balance, gross	$ 2,708
Foreign currency translation	1
Goodwill ending balance, gross	2,709
Accumulated impairment losses, beginning balance	(2,102)
Accumulated impairment losses, ending balance	(2,102)
Goodwill, beginning balance	606
Goodwill, ending balance	$ 607

Goodwill and Intangibles - Sc_2

Goodwill and Intangibles - Schedule of Intangible Assets (Detail) - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Acquired below market leases	[1]		$ 61
Air rights contract	[2]	$ 45
Other		8	10
Accumulated amortization		(7)	(44)
Intangible assets		$ 46	$ 27
[1]	Upon adoption of ASC 842, Leases, Operating lease right-of-use asset
[2]	In conjunction with the Merger, we acquired an air rights contract as part of the Hyatt Regency Boston, which expires in September 2079 and requires no payments through maturity.

Goodwill and Intangibles - Sc_3

Goodwill and Intangibles - Schedule of Estimated Future Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
2020	$ 1
2021	1
2022	1
2023	1
2024	1
Thereafter	41
Intangible assets	$ 46	$ 27

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Oct. 31, 2016
Debt Instrument [Line Items]
Debt and financing lease obligations, gross		$ 3,886	$ 2,958
Add: unamortized premium		3
Less: unamortized deferred financing costs and discount		(18)	(10)
Debt		3,871	2,948
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	[1]	$ 515	207
Debt instrument, weighted average interest rate	[1]	4.26%
Maturity Date, start year	[1],[2]	2020
Maturity Date, end year	[1],[2]	2026
2016 Term Loan [Member]
Debt Instrument [Line Items]
Debt, gross		$ 700	750
Maturity Date		2021-12
2016 Term Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		1.55%
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Capital lease obligations		$ 1	$ 1
Debt instrument, interest rate, stated percentage		3.07%
Maturity Date, start year		2021
Maturity Date, end year		2022
2019 Term Facility [Member]
Debt Instrument [Line Items]
Debt, gross		$ 670
Maturity Date		2024-09
2019 Term Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate		1.50%
Revolver [Member]
Debt Instrument [Line Items]
Maturity Date	[2],[3]	2021-12
Revolver [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	[3]	1.60%
[1]	Includes $308 million of mortgage loans assumed in connection with the Merger, all of which require payments of principal and interest on a      monthly basis.
[2]	Assumes the exercise of all extensions that are exercisable solely at our option.
[3]	$1 billion available.

Debt - Schedule of Debt (Parent

Debt - Schedule of Debt (Parenthetical) (Detail) $ in Millions	Dec. 31, 2019USD ($)
Revolver [Member]
Debt Instrument [Line Items]
Amount available for borrowing	$ 1,000
Mortgage Loans [Member] | Chesapeake Lodging Trust [Member]
Debt Instrument [Line Items]
Mortgage loans assumed	$ 308

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions	Dec. 31, 2019USD ($)Entity	Sep. 18, 2019USD ($)	Dec. 31, 2019USD ($)Entity	Aug. 31, 2019USD ($)	Dec. 31, 2016USD ($)Option	Dec. 31, 2019USD ($)Entity	Dec. 31, 2018USD ($)	Oct. 31, 2016USD ($)
Debt Instrument [Line Items]
Number of consolidated VIEs | Entity	3		3			3
Restricted cash	$ 40		$ 40			$ 40	$ 15
Letters of credit outstanding, amount					$ 50
Derivative fixed interest rate	1.86%		1.86%			1.86%
Derivative maturity date						Apr. 21, 2022
Derivative notional amount	$ 225		$ 225			$ 225
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%
Revolver [Member]
Debt Instrument [Line Items]
Amount available for borrowing	1,000		1,000			1,000
2019 Term Facility [Member]
Debt Instrument [Line Items]
Debt, gross	670		670			$ 670
Aggregate commitment or principal amount not exceed		$ 100
Repayments of long-term debt	180
Letters of credit outstanding, amount		$ 850		$ 950
Unused facility fee on the revolver						0.25%
Term loan facility, maturity date				Aug. 31, 2024
Upfront financing fees	9		9			$ 9
Upfront financing fees expensed in connection with terminated commitments						$ 3
2019 Term Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Term loan facility, additional borrowing capacity				$ 400
Wells Fargo Bank [Member] | Maximum [Member]
Debt Instrument [Line Items]
Aggregate commitment or principal amount not exceed					$ 500
Wells Fargo Bank [Member] | Revolver [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 (“2016 Term Loan”).
SF CMBS Loan [Member]
Debt Instrument [Line Items]
Debt, gross	725		725			$ 725	725	$ 725
HHV CMBS Loan [Member]
Debt Instrument [Line Items]
Debt, gross	1,275		1,275			1,275	1,275	$ 1,275
CMBS and mortgage loans [Member]
Debt Instrument [Line Items]
Restricted cash	13		13			13	15
2016 Term Loan [Member]
Debt Instrument [Line Items]
Debt, gross	$ 700		700			$ 700	$ 750
2016 Term Loan [Member] | Wells Fargo Bank [Member]
Debt Instrument [Line Items]
Debt, gross					$ 750
Repayments of long-term debt			$ 50

Debt - Debt Maturities, Assumin

Debt - Debt Maturities, Assuming the Exercise of all Extensions that are Exercisable Solely at our Option (Detail) $ in Millions	Dec. 31, 2019USD ($)
Debt Disclosure [Abstract]
2020	$ 21
2021	709
2022	97
2023	827
2024	676
Thereafter(1)	1,556	[1]
Debt and capital lease obligations, gross	$ 3,886
[1]	Assumes the exercise of all extensions that are exercisable solely at our option.

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Debt and Hierarchy Level Used to Estimate Fair Values (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
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] | 2016 Term Loan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	700	750
Carrying amount [Member] | 2019 Term Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	670
Carrying amount [Member] | Mortgage Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	516	207
Fair Value [Member] | SF CMBS Loan [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	740	706
Fair Value [Member] | HHV CMBS Loan [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	1,316	1,214
Fair Value [Member] | 2016 Term Loan [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	698	732
Fair Value [Member] | 2019 Term Facility [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	667
Fair Value [Member] | Mortgage Loans [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	$ 516	$ 201

Leases - Additional Information

Leases - Additional Information (Details)	12 Months Ended
	Dec. 31, 2019Property
Leases [Abstract]
Number of consolidated properties under ground leases	14
Leases ending expiration date	2083
Date majority of leases expire	2031
Weighted average remaining operating lease term	26 years 3 months 18 days
Weighted average discount rate used to determine operating lease liabilities	5.30%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Non-Cancelable Operating Lease Liabilities (Detail) $ in Millions	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 29
2021	29
2022	29
2023	24
2024	25
Thereafter	365
Total minimum rent payments	501
Less: imputed interest	241
Total operating lease liabilities	$ 260

Leases - Schedule of Rent Expen

Leases - Schedule of Rent Expense and Supplemental Cash Flow And Non Cash Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Leases [Abstract]
Operating lease expense	$ 30
Variable lease expense	13
Operating cash flows for operating leases	36
Right-of-use assets obtained in exchange for lease obligations(1)	$ 278

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Line Items]
Provision for U.S federal income taxes	$ 35,000,000	$ 23,000,000	$ (2,346,000,000)
Income tax expense (benefit)		8,000,000	(25,000,000)
Net operating loss carryforwards	9,000,000	8,000,000
Increase in valuation allowance	2,000,000
U.S. Federal Tax [Member] | REIT [Member]
Income Taxes [Line Items]
Provision for U.S federal income taxes	0	$ 0	$ 0
U.S. Federal, State and Foreign [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	65,000,000
U.S. Federal [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 18,000,000
Net operating loss carry forwards expiration year	2038
State [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 24,000,000
Net operating loss carry forwards expiration year	2025
Foreign [Member]
Income Taxes [Line Items]
Net operating loss carryforwards	$ 23,000,000

Income Taxes - Schedule of Dome

Income Taxes - Schedule of Domestic and Foreign Income Before Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S. income before tax	$ 350	$ 498	$ 279
Foreign income before tax	1	2	6
Income before income taxes	$ 351	$ 500	$ 285

Income Taxes - Components of (B

Income Taxes - Components of (Benefit) Provision for Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
U.S. Federal	$ 16	$ 34	$ 21
State	3	6	2
Foreign	11	3	9
Total current	30	43	32
Deferred:
U.S. Federal	3	(18)	(2,373)
Foreign	2	(2)	(5)
Total deferred	5	(20)	(2,378)
Total provision (benefit) for income taxes	$ 35	$ 23	$ (2,346)

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Statutory U.S. federal income tax provision	$ 74	$ 105	$ 100
State income taxes, net of U.S. federal tax benefit	2	3	2
Foreign income tax expense	13	2	4
Change in deferred tax asset valuation allowance	2		3
Tax rate change		(2)	(25)
REIT income not subject to tax	(69)	(92)	(83)
Derecognition and remeasurement of deferred taxes	13	7	(2,347)
Total provision (benefit) for income taxes	$ 35	$ 23	$ (2,346)

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Composition of Net Deferred Tax Balances (Detail) - USD ($) $ in Millions		Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Deferred income tax assets	[1]	$ 8	$ 3
Deferred income tax liabilities		(50)	(42)
Net deferred tax liability		$ (42)	$ (39)
[1]	Included within other assets

Income Taxes - Schedule of Net

Income Taxes - Schedule of Net Deferred Tax Liability (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Net operating loss carryforwards	$ 9	$ 8
Deferred income	4	3
Accrued compensation	2	3
Other	6	4
Total gross deferred tax assets	21	18
Less: valuation allowance	(6)	(4)
Deferred tax assets	15	14
Deferred tax liabilities:
Property and equipment	(48)	(44)
Investments	(8)	(9)
Accrued compensation	(1)
Deferred tax liabilities	(57)	(53)
Net deferred tax liability	$ (42)	$ (39)

Income Taxes - Schedule of Cash

Income Taxes - Schedule of Cash Distributions to Stockholders for Federal Income Tax Purposes (Detail) - Common Stock [member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Taxes [Line Items]
Ordinary dividends	$ 1.61	$ 1.64
Capital gain distributions	$ 0.29	$ 1.32

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, authorized shares	6,000,000,000	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	5,495,914
Compensation expense	$ 16,000,000	$ 16,000,000	$ 15,000,000
Unrecognized compensation costs related to unvested awards	$ 16,000,000
Unrecognized compensation costs related to unvested awards, weighted-average period	1 year 2 months 12 days
Total fair value of shares vested	$ 21,000,000	$ 9,000,000	$ 9,000,000
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	293,269
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]
Share-based compensation arrangement by share-based payment award performance period	3 years
Market capitalization	$ 1,000,000,000
Vesting rights	zero to 200
Performance Stock Units ("PSUs") [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights	200%
Performance Stock Units ("PSUs") [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights	0%

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Restricted Stock Awards ("RSAs") (Detail) - Restricted stock awards (RSAs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance	585,106	461,639
Number of Shares, Granted	302,506	367,463	594,213
Number of Shares, Vested	(312,462)	(214,208)	(106,795)
Number of Shares, Forfeited	(17,905)	(29,788)	(25,779)
Number of Shares, Ending balance	557,245	585,106	461,639
Weighted Average Grant Date Fair Value, Beginning balance	$ 26.89	$ 26.47
Weighted Average Grant Date Fair Value, Granted	31.24	27.34	$ 26.52
Weighted Average Grant Date Fair Value, Vested	26.99	26.67	26.85
Weighted Average Grant Date Fair Value, Forfeited	29.58	27.48	26.22
Weighted Average Grant Date Fair Value, Ending balance	$ 29.10	$ 26.89	$ 26.47

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Performance Stock Units ("PSUs") (Detail) - Performance Stock Units ("PSUs") [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance	537,936	371,557
Number of Shares, Granted	314,858	179,774	387,642
Number of Shares, Vested	(277,325)
Number of Shares, Forfeited	(672)	(13,395)	(16,085)
Number of Shares, Ending balance	574,797	537,936	371,557
Weighted Average Grant Date Fair Value, Beginning balance	$ 31.16	$ 31.96
Weighted Average Grant Date Fair Value, Granted	34.28	29.47	$ 31.95
Weighted Average Grant Date Fair Value, Vested	31.25
Weighted Average Grant Date Fair Value, Forfeited	42.05	30.48	31.73
Weighted Average Grant Date Fair Value, Ending balance	$ 32.82	$ 31.16	$ 31.96

Share-Based Compensation - Sc_3

Share-Based Compensation - Schedule of Grant Date Fair Values of Awards Using Monte Carlo Simulation Valuation Model (Detail)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility, minimum	[1]	19.50%	20.00%	25.50%
Expected volatility, maximum	[2]	21.50%	24.00%	29.50%
Risk-free rate, minimum		1.80%	2.40%	1.20%
Risk-free rate, maximum		2.40%	2.70%	1.50%
Expected term		3 years	3 years
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term				2 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
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 and implied volatilities over the performance period to estimate appropriate expected volatilities. For the years ended December 31, 2019, 2018 and 2017,
[2]	Dividends are assumed to be reinvested in shares of our common stock and dividends will not be paid unless shares vest.

Share-Based Compensation - Sc_4

Share-Based Compensation - Schedule of Grant Date Fair Values of Awards Using Monte Carlo Simulation Valuation Model (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Weighted average expected volatility	20.50%	24.00%	28.40%

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, 2019		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Dec. 31, 2019		Dec. 31, 2018		Dec. 31, 2017
Numerator:
Net income attributable to stockholders		$ 123		$ 5		$ 82		$ 96		$ 54		$ 52		$ 216		$ 150		$ 306	[1]	$ 472	[1]	$ 2,625	[1]
Earnings allocated to participating securities																		(1)		(2)		(8)
Net income attributable to stockholders, net of earnings allocated to participating securities																		$ 305		$ 470		$ 2,617
Denominator:
Weighted average shares outstanding – basic																		212		203		211
Unvested restricted shares																		1		1
Net effect of shares issued with respect to E&P Dividend	[2]																					3
Weighted average shares outstanding – diluted																		213		204		214
Basic EPS		$ 0.51	[3]	$ 0.02	[3]	$ 0.40	[3]	$ 0.48	[3]	$ 0.27	[3]	$ 0.26	[3]	$ 1.07	[3]	$ 0.71	[3]	$ 1.44	[3],[4]	$ 2.32	[3],[4]	$ 12.38	[4]
Diluted EPS		$ 0.51	[3]	$ 0.02	[3]	$ 0.40	[3]	$ 0.48	[3]	$ 0.27	[3]	$ 0.26	[3]	$ 1.07	[3]	$ 0.71	[3]	$ 1.44	[3],[4]	$ 2.31	[3],[4]	$ 12.21	[4]
[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]	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”).
[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 necessarily equal the EPS for the full year.
[4]	Per share amounts are calculated based on unrounded numbers.

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 an_2

Hotel Management Operating and License Agreements - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)Hotel	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Hotel Management Operating and License Agreements [Line Items]
Description of renewal periods	allow for one or more renewal periods.
Number of hotels operate without management agreement | Hotel	12
Marketing fees	$ 53	$ 53	$ 55
Employee cost reimbursements	$ 133	$ 134	$ 131
Minimum [Member]
Hotel Management Operating and License Agreements [Line Items]
Management agreement initial term	5 years
Management agreements total term including renewal periods	30 years
Franchise agreements initial term	7 years
Maximum [Member]
Hotel Management Operating and License Agreements [Line Items]
Management agreement initial term	30 years
Management agreements total term including renewal periods	70 years
Franchise agreements initial term	20 years

Net Parent Investment - Additio

Net Parent Investment - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transactions [Abstract]
Net transfers to Parent	$ 0	$ 0	$ 13,000,000

Net Parent Investment - Compone

Net Parent Investment - Components of Net Transfers to Parent on the Consolidated Statements of Cash Flows and Consolidated Statements of Equity (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Net transfers to Parent	$ 0	$ 0	$ (13,000,000)
Cash Pooling and General Financing Activities [Member]
Related Party Transaction [Line Items]
Net transfers to Parent			(9,000,000)
Income Taxes [Member]
Related Party Transaction [Line Items]
Net transfers to Parent			$ (4,000,000)

Geographic and Business Segme_3

Geographic and Business Segment Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019Segment
Segment Reporting [Abstract]
Number of operating business segments	2
Number of reportable segment	1

Geographic and Business Segme_4

Geographic and Business Segment Information - Reconciliation of Revenues from Consolidated Hotels to Condensed Combined Consolidated Amounts and Hotel Adjusted EBITDA to Net Income (Detail) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]
Total revenues	$ 810	$ 672	$ 703	$ 659	$ 686	$ 652	$ 731	$ 668	$ 2,844	$ 2,737	$ 2,791
Hotel Adjusted EBITDA									802	761	758
Casualty gain (loss) and impairment loss, net									18	1	(26)
Depreciation and amortization expense									(264)	(277)	(288)
Corporate general and administrative expense									(62)	(65)	(68)
Acquisition costs									(70)
Other operating expenses									(78)	(73)	(63)
Gain on sales of assets, net									19	96	1
Interest income									6	6	2
Interest expense									(140)	(127)	(124)
Equity in earnings from investments in affiliates									14	18	40
Loss on foreign currency transactions									(1)	(3)	(4)
Income tax (expense) benefit									(35)	(23)	2,346
Other gain, net									46	102
Other items									(16)	(11)	(7)
Net income	$ 126	$ 9	$ 84	$ 97	$ 55	$ 55	$ 218	$ 149	316	477	2,631
Total consolidated hotel revenue [Member]
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]
Total revenues									2,767	2,665	2,727
Other [Member]
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]
Total revenues									$ 77	$ 72	$ 64

Geographic and Business Segme_5

Geographic and Business Segment Information - Schedule of Total Assets by Consolidated Hotels, Reconciled To Condensed Combined Consolidated Amounts (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	$ 11,290	$ 9,363
Consolidated Hotels [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	11,236	9,305
All Other [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	$ 54	$ 58

Geographic and Business Segme_6

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, 2019		Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019		Dec. 31, 2018	Dec. 31, 2017
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues		$ 810		$ 672	$ 703	$ 659	$ 686	$ 652	$ 731	$ 668	$ 2,844		$ 2,737	$ 2,791
Property and Equipment, net		9,594	[1]				7,975				9,594	[1]	7,975	8,311
United States [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues	[2],[3]										2,804		2,676	2,618
Property and Equipment, net	[2],[3]	$ 9,594					7,906				9,594		7,906	8,089
All Other [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues											$ 40		61	173
Property and Equipment, net							$ 69						$ 69	$ 222
[1]	Excludes $62 million of property and equipment, net classified as held for sale as of December 31, 2019.
[2]	Excludes $62 million and $31 million of property and equipment, net classified as held for sale as of December 31, 2019 and 2017, respectively.
[3]	Includes revenues of $11 million, $14 million and $13 million for the years ended December 31, 2019, 2018 and 2017 from our laundry operations which is not part of our segment. Also includes property and equipment, net of $5 million as of December 31, 2019, 2018 and 2017, respectively, from our laundry operations.

Geographic and Business Segme_7

Geographic and Business Segment Information - Revenues and Property and Equipment, Net for Each of Geographical Areas (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues From External Customers And Long Lived Assets [Line Items]
Property and Equipment, net	$ 240	$ 178	$ 185
Property and equipment, net classified as held for sale	62
United States [Member] | Laundry Operations [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenues	11	14	13
Property and Equipment, net	5	$ 5	5
Hilton São Paolo [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Property and equipment, net classified as held for sale	$ 62		$ 31

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	Dec. 31, 2019USD ($)
Other Commitments [Line Items]
Purchase commitment, remaining minimum amount committed	$ 43
Spin-off Agreements [Member] | Hilton Sydney [Member]
Other Commitments [Line Items]
Reserve for ongoing claims	$ 7

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Supplemental Disclosure of Cash Flow Information [Line Items]
Interest Paid	$ 135	$ 123	$ 118
Income taxes paid	15	63	16
Capital expenditures included within accounts Payable and accrued expenses	$ 26	15	$ 20
Common stock shares issued	978		441
Mortgage loans assumed	$ 310
Unpaid and accrued dividends	136	206	$ 120
Hilton Waikoloa Village [Member]
Supplemental Disclosure of Cash Flow Information [Line Items]
Derecognized property and equipment, net	123	3
Hilton Waikoloa Village [Member] | Hilton Grand Vacations [Member]
Supplemental Disclosure of Cash Flow Information [Line Items]
Liability related to derecognized property and equipment, net	$ 135	$ 3
New York Hilton Midtown and Hilton Waikoloa Village [Member]
Supplemental Disclosure of Cash Flow Information [Line Items]
Derecognized property and equipment, net			70
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

Selected Quarterly Financial _3

Selected Quarterly Financial Information (unaudited) (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended																12 Months Ended
	Dec. 31, 2019		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Dec. 31, 2019		Dec. 31, 2018		Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 810		$ 672		$ 703		$ 659		$ 686		$ 652		$ 731		$ 668		$ 2,844		$ 2,737		$ 2,791
Operating income	148		38		111		129		97		84		149		174		426		504		371
Net income	126		9		84		97		55		55		218		149		316		477		2,631
Net income attributable to stockholders	$ 123		$ 5		$ 82		$ 96		$ 54		$ 52		$ 216		$ 150		$ 306	[1]	$ 472	[1]	$ 2,625	[1]
Earnings per share - Basic	$ 0.51	[2]	$ 0.02	[2]	$ 0.40	[2]	$ 0.48	[2]	$ 0.27	[2]	$ 0.26	[2]	$ 1.07	[2]	$ 0.71	[2]	$ 1.44	[2],[3]	$ 2.32	[2],[3]	$ 12.38	[3]
Earnings per share - Diluted	$ 0.51	[2]	$ 0.02	[2]	$ 0.40	[2]	$ 0.48	[2]	$ 0.27	[2]	$ 0.26	[2]	$ 1.07	[2]	$ 0.71	[2]	$ 1.44	[2],[3]	$ 2.31	[2],[3]	$ 12.21	[3]
[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]	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 necessarily equal the EPS for the full year.
[3]	Per share amounts are calculated based on unrounded numbers.

Subsequent Events - Additional

Subsequent Events - Additional Information (Details)	Feb. 19, 2020USD ($)HotelRoom	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Subsequent Event [Line Items]
Gross proceeds on sale of hotel portfolio properties		$ 436,000,000	$ 379,000,000
Subsequent Event
Subsequent Event [Line Items]
Number of international hotels property in portfolio | Hotel	0
Hilton Sao Paulo Morumbi [Member] | Subsequent Event
Subsequent Event [Line Items]
Number of rooms sold | Room	503
Gross proceeds on sale of hotel portfolio properties	$ 118,000,000
Proceeds from sale of rooms per key	$ 234,000
Embassy Suites Washington DC Georgetown [Member] | Subsequent Event
Subsequent Event [Line Items]
Number of rooms sold | Room	197
Gross proceeds on sale of hotel portfolio properties	$ 90,000,000
Proceeds from sale of rooms per key	$ 459,000

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 2,516
Initial Cost, Land		3,610
Initial Cost, Building & Improvements		6,233
Initial Cost, Furniture, Fixtures & Equipment		451
Costs Capitalized Subsequent to Acquisition		1,272
Gross Amounts at Which Carried at Close of Period, Land		3,496
Gross Amounts at Which Carried at Close of Period, Building & Improvements		7,055
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		1,015
Gross Amounts at Which Carried at Close of Period, Total		11,566	$ 9,921	$ 10,249	$ 10,310
Accumulated Depreciation		(2,038)	$ (2,011)	$ (2,004)	$ (1,832)
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		87
Gross Amounts at Which Carried at Close of Period, Land		41
Gross Amounts at Which Carried at Close of Period, Building & Improvements		115
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		32
Gross Amounts at Which Carried at Close of Period, Total		188
Accumulated Depreciation		$ (28)
Date of Construction		1949
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
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		$ (6)
Date of Construction		1985
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
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		15
Gross Amounts at Which Carried at Close of Period, Land		12
Gross Amounts at Which Carried at Close of Period, Building & Improvements		63
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		15
Gross Amounts at Which Carried at Close of Period, Total		90
Accumulated Depreciation		$ (24)
Date of Construction		1974
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 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		9
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		10
Gross Amounts at Which Carried at Close of Period, Total		19
Accumulated Depreciation		$ (11)
Date of Construction		1989
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 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		25
Gross Amounts at Which Carried at Close of Period, Land		15
Gross Amounts at Which Carried at Close of Period, Building & Improvements		82
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		15
Gross Amounts at Which Carried at Close of Period, Total		112
Accumulated Depreciation		$ (36)
Date of Construction		1980
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 Seattle Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Furniture, Fixtures & Equipment		$ 11
Costs Capitalized Subsequent to Acquisition		27
Gross Amounts at Which Carried at Close of Period, Building & Improvements		11
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		27
Gross Amounts at Which Carried at Close of Period, Total		38
Accumulated Depreciation		$ (29)
Date of Construction		1969
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 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		$ (10)
Date of Construction		1977
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
Embassy Suites Austin Downtown South Congress [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 45
Initial Cost, Furniture, Fixtures & Equipment		2
Costs Capitalized Subsequent to Acquisition		17
Gross Amounts at Which Carried at Close of Period, Building & Improvements		57
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Total		64
Accumulated Depreciation		$ (28)
Date of Construction		1983
Date Acquired	[1]	Oct. 24, 2007
Embassy Suites Austin Downtown South Congress [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Embassy Suites Austin Downtown South Congress [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		(9)
Gross Amounts at Which Carried at Close of Period, Building & Improvements		3
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		4
Gross Amounts at Which Carried at Close of Period, Total		7
Accumulated Depreciation		$ (5)
Date of Construction		1986
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
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		31
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		145
Accumulated Depreciation		$ (46)
Date of Construction		1999
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
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		144
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		49
Gross Amounts at Which Carried at Close of Period, Total		458
Accumulated Depreciation		$ (132)
Date of Construction		1927
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 Hawaiian Village Waikiki 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		341
Gross Amounts at Which Carried at Close of Period, Land		964
Gross Amounts at Which Carried at Close of Period, Building & Improvements		1,044
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		82
Gross Amounts at Which Carried at Close of Period, Total		2,090
Accumulated Depreciation		$ (410)
Date of Construction		1961
Date Acquired	[1]	Oct. 24, 2007
Hilton Hawaiian Village Waikiki Beach Resort [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Hawaiian Village Waikiki Beach Resort [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		(15)
Gross Amounts at Which Carried at Close of Period, Land		23
Gross Amounts at Which Carried at Close of Period, Building & Improvements		55
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		42
Gross Amounts at Which Carried at Close of Period, Total		120
Accumulated Depreciation		$ (62)
Date of Construction		1987
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 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		87
Gross Amounts at Which Carried at Close of Period, Land		90
Gross Amounts at Which Carried at Close of Period, Building & Improvements		261
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		45
Gross Amounts at Which Carried at Close of Period, Total		396
Accumulated Depreciation		$ (112)
Date of Construction		1977
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 Oakland Airport [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 13
Initial Cost, Furniture, Fixtures & Equipment		3
Costs Capitalized Subsequent to Acquisition		2
Gross Amounts at Which Carried at Close of Period, Building & Improvements		9
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		9
Gross Amounts at Which Carried at Close of Period, Total		18
Accumulated Depreciation		$ (9)
Date of Construction		1970
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 Salt Lake City Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Furniture, Fixtures & Equipment		$ 10
Costs Capitalized Subsequent to Acquisition		20
Gross Amounts at Which Carried at Close of Period, Building & Improvements		8
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		22
Gross Amounts at Which Carried at Close of Period, Total		30
Accumulated Depreciation		$ (22)
Date of Construction		2002
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
Hilton San Francisco Union Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 725
Initial Cost, Land		113
Initial Cost, Building & Improvements		232
Initial Cost, Furniture, Fixtures & Equipment		16
Costs Capitalized Subsequent to Acquisition		135
Gross Amounts at Which Carried at Close of Period, Land		113
Gross Amounts at Which Carried at Close of Period, Building & Improvements		333
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		50
Gross Amounts at Which Carried at Close of Period, Total		496
Accumulated Depreciation		$ (127)
Date of Construction		1964
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 Santa Barbara Beachfront 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		22
Gross Amounts at Which Carried at Close of Period, Land		71
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		145
Accumulated Depreciation		$ (17)
Date of Construction		1986
Date Acquired	[1]	Oct. 24, 2007
Hilton Santa Barbara Beachfront Resort [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Santa Barbara Beachfront Resort [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		16
Gross Amounts at Which Carried at Close of Period, Building & Improvements		80
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		9
Gross Amounts at Which Carried at Close of Period, Total		89
Accumulated Depreciation		$ (36)
Date of Construction		1961
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 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		20
Gross Amounts at Which Carried at Close of Period, Land		59
Gross Amounts at Which Carried at Close of Period, Building & Improvements		64
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		13
Gross Amounts at Which Carried at Close of Period, Total		136
Accumulated Depreciation		$ (25)
Date of Construction		1988
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 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		(75)
Gross Amounts at Which Carried at Close of Period, Land		106
Gross Amounts at Which Carried at Close of Period, Building & Improvements		288
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		56
Gross Amounts at Which Carried at Close of Period, Total		450
Accumulated Depreciation		$ (138)
Date of Construction		1988
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
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		138
Gross Amounts at Which Carried at Close of Period, Land		1,043
Gross Amounts at Which Carried at Close of Period, Building & Improvements		656
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		90
Gross Amounts at Which Carried at Close of Period, Total		1,789
Accumulated Depreciation		$ (236)
Date of Construction		1963
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
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		(21)
Gross Amounts at Which Carried at Close of Period, Land		40
Gross Amounts at Which Carried at Close of Period, Building & Improvements		46
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		10
Gross Amounts at Which Carried at Close of Period, Total		96
Accumulated Depreciation		$ (16)
Date of Construction		1990
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
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		$ (55)
Date of Construction		1982
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
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		37
Gross Amounts at Which Carried at Close of Period, Land		64
Gross Amounts at Which Carried at Close of Period, Building & Improvements		60
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		16
Gross Amounts at Which Carried at Close of Period, Total		140
Accumulated Depreciation		$ (32)
Date of Construction		1984
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
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		11
Gross Amounts at Which Carried at Close of Period, Land		3
Gross Amounts at Which Carried at Close of Period, Building & Improvements		30
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Total		40
Accumulated Depreciation		$ (12)
Date of Construction		1986
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
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		38
Gross Amounts at Which Carried at Close of Period, Building & Improvements		161
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		24
Gross Amounts at Which Carried at Close of Period, Total		185
Accumulated Depreciation		$ (56)
Date of Construction		1983
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
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		3
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		30
Accumulated Depreciation		$ (14)
Date of Construction		1973
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
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		48
Gross Amounts at Which Carried at Close of Period, Land		16
Gross Amounts at Which Carried at Close of Period, Building & Improvements		401
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		54
Gross Amounts at Which Carried at Close of Period, Total		471
Accumulated Depreciation		$ (82)
Date of Construction		2009
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
Parc 55 San Francisco - A Hilton Hotel [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 175
Initial Cost, Building & Improvements		315
Initial Cost, Furniture, Fixtures & Equipment		32
Costs Capitalized Subsequent to Acquisition		15
Gross Amounts at Which Carried at Close of Period, Land		175
Gross Amounts at Which Carried at Close of Period, Building & Improvements		325
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		37
Gross Amounts at Which Carried at Close of Period, Total		537
Accumulated Depreciation		$ (71)
Date of Construction		1984
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
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		9
Gross Amounts at Which Carried at Close of Period, Land		34
Gross Amounts at Which Carried at Close of Period, Building & Improvements		275
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		37
Gross Amounts at Which Carried at Close of Period, Total		346
Accumulated Depreciation		$ (70)
Date of Construction		2009
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		5
Gross Amounts at Which Carried at Close of Period, Land		164
Gross Amounts at Which Carried at Close of Period, Building & Improvements		176
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		12
Gross Amounts at Which Carried at Close of Period, Total		352
Accumulated Depreciation		$ (30)
Date of Construction		1920
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 Key West, Curio Collection [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		14
Gross Amounts at Which Carried at Close of Period, Land		57
Gross Amounts at Which Carried at Close of Period, Building & Improvements		81
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		3
Gross Amounts at Which Carried at Close of Period, Total		141
Accumulated Depreciation		$ (9)
Date of Construction		1970
Date Acquired	[1]	Feb. 17, 2015
The Reach Key West, Curio Collection [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
The Reach Key West, Curio Collection [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		$ (17)
Date of Construction		1973
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
Boston Marriott Newton [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 24
Initial Cost, Building & Improvements		74
Initial Cost, Furniture, Fixtures & Equipment		15
Gross Amounts at Which Carried at Close of Period, Land		24
Gross Amounts at Which Carried at Close of Period, Building & Improvements		74
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		15
Gross Amounts at Which Carried at Close of Period, Total		113
Accumulated Depreciation		$ (1)
Date of Construction		1969
Date Acquired	[1]	Sep. 18, 2019
Boston Marriott Newton [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Boston Marriott Newton [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Courtyard Washington Capitol Hill/Navy Yard [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 13
Initial Cost, Building & Improvements		54
Initial Cost, Furniture, Fixtures & Equipment		5
Gross Amounts at Which Carried at Close of Period, Land		13
Gross Amounts at Which Carried at Close of Period, Building & Improvements		54
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		5
Gross Amounts at Which Carried at Close of Period, Total		72
Accumulated Depreciation		$ (1)
Date of Construction		2006
Date Acquired	[1]	Sep. 18, 2019
Courtyard Washington Capitol Hill/Navy Yard [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Courtyard Washington Capitol Hill/Navy Yard [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Checkers Los Angeles [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 28
Initial Cost, Land		19
Initial Cost, Building & Improvements		44
Initial Cost, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Land		19
Gross Amounts at Which Carried at Close of Period, Building & Improvements		44
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Total		70
Accumulated Depreciation		$ (1)
Date of Construction		1927
Date Acquired	[1]	Sep. 18, 2019
Hilton Checkers Los Angeles [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Checkers Los Angeles [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hilton Denver City Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 61
Initial Cost, Land		14
Initial Cost, Building & Improvements		163
Initial Cost, Furniture, Fixtures & Equipment		21
Gross Amounts at Which Carried at Close of Period, Land		14
Gross Amounts at Which Carried at Close of Period, Building & Improvements		163
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		21
Gross Amounts at Which Carried at Close of Period, Total		198
Accumulated Depreciation		$ (3)
Date of Construction		1982
Date Acquired	[1]	Sep. 18, 2019
Hilton Denver City Center [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hilton Denver City Center [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Homewood Suites by Hilton Seattle Convention Center Pike Street [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 5
Initial Cost, Building & Improvements		75
Initial Cost, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Land		5
Gross Amounts at Which Carried at Close of Period, Building & Improvements		75
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Total		87
Accumulated Depreciation		$ (1)
Date of Construction		1990
Date Acquired	[1]	Sep. 18, 2019
Homewood Suites by Hilton Seattle Convention Center Pike Street [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Homewood Suites by Hilton Seattle Convention Center Pike Street [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hotel Adagio, Autograph Collection [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 25
Initial Cost, Building & Improvements		54
Initial Cost, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Land		25
Gross Amounts at Which Carried at Close of Period, Building & Improvements		54
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		7
Gross Amounts at Which Carried at Close of Period, Total		86
Accumulated Depreciation		$ (1)
Date of Construction		1929
Date Acquired	[1]	Sep. 18, 2019
Hotel Adagio, Autograph Collection [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hotel Adagio, Autograph Collection [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hotel Indigo San Diego Gaslamp Quarter [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 7
Initial Cost, Building & Improvements		60
Initial Cost, Furniture, Fixtures & Equipment		8
Gross Amounts at Which Carried at Close of Period, Land		7
Gross Amounts at Which Carried at Close of Period, Building & Improvements		60
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		8
Gross Amounts at Which Carried at Close of Period, Total		75
Accumulated Depreciation		$ (1)
Date of Construction		2009
Date Acquired	[1]	Sep. 18, 2019
Hotel Indigo San Diego Gaslamp Quarter [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hotel Indigo San Diego Gaslamp Quarter [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hyatt Centric Fisherman’s Wharf [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 33
Initial Cost, Building & Improvements		122
Initial Cost, Furniture, Fixtures & Equipment		11
Gross Amounts at Which Carried at Close of Period, Land		33
Gross Amounts at Which Carried at Close of Period, Building & Improvements		122
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		11
Gross Amounts at Which Carried at Close of Period, Total		166
Accumulated Depreciation		$ (2)
Date of Construction		1990
Date Acquired	[1]	Sep. 18, 2019
Hyatt Centric Fisherman’s Wharf [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hyatt Centric Fisherman’s Wharf [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hyatt Regency Boston [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 141
Initial Cost, Building & Improvements		177
Initial Cost, Furniture, Fixtures & Equipment		14
Gross Amounts at Which Carried at Close of Period, Building & Improvements		177
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		14
Gross Amounts at Which Carried at Close of Period, Total		191
Accumulated Depreciation		$ (3)
Date of Construction		1985
Date Acquired	[1]	Sep. 18, 2019
Hyatt Regency Boston [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hyatt Regency Boston [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Hyatt Regency Mission Bay Spa and Marina [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 5
Initial Cost, Building & Improvements		118
Initial Cost, Furniture, Fixtures & Equipment		15
Gross Amounts at Which Carried at Close of Period, Land		5
Gross Amounts at Which Carried at Close of Period, Building & Improvements		118
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		$ (2)
Date of Construction		1961
Date Acquired	[1]	Sep. 18, 2019
Hyatt Regency Mission Bay Spa and Marina [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Hyatt Regency Mission Bay Spa and Marina [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
JW Marriott San Francisco Union Square [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Building & Improvements		$ 191
Initial Cost, Furniture, Fixtures & Equipment		13
Gross Amounts at Which Carried at Close of Period, Building & Improvements		191
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		13
Gross Amounts at Which Carried at Close of Period, Total		204
Accumulated Depreciation		$ (2)
Date of Construction		1987
Date Acquired	[1]	Sep. 18, 2019
JW Marriott San Francisco Union Square [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
JW Marriott San Francisco Union Square [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Le Meridien San Francisco [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 48
Initial Cost, Building & Improvements		176
Initial Cost, Furniture, Fixtures & Equipment		8
Gross Amounts at Which Carried at Close of Period, Land		48
Gross Amounts at Which Carried at Close of Period, Building & Improvements		176
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		8
Gross Amounts at Which Carried at Close of Period, Total		232
Accumulated Depreciation		$ (2)
Date of Construction		1989
Date Acquired	[1]	Sep. 18, 2019
Le Meridien San Francisco [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Le Meridien San Francisco [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
Royal Palm South Beach Miami, a Tribute Portfolio Resort [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 16
Initial Cost, Building & Improvements		139
Initial Cost, Furniture, Fixtures & Equipment		12
Gross Amounts at Which Carried at Close of Period, Land		16
Gross Amounts at Which Carried at Close of Period, Building & Improvements		139
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		12
Gross Amounts at Which Carried at Close of Period, Total		167
Accumulated Depreciation		$ (2)
Date of Construction		1926
Date Acquired	[1]	Sep. 18, 2019
Royal Palm South Beach Miami, a Tribute Portfolio Resort [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
Royal Palm South Beach Miami, a Tribute Portfolio Resort [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
W Chicago – City Center [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 79
Initial Cost, Land		20
Initial Cost, Building & Improvements		76
Initial Cost, Furniture, Fixtures & Equipment		14
Costs Capitalized Subsequent to Acquisition		1
Gross Amounts at Which Carried at Close of Period, Land		20
Gross Amounts at Which Carried at Close of Period, Building & Improvements		77
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		14
Gross Amounts at Which Carried at Close of Period, Total		111
Accumulated Depreciation		$ (1)
Date of Construction		1928
Date Acquired	[1]	Sep. 18, 2019
W Chicago – City Center [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
W Chicago – City Center [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
W Chicago – Lakeshore [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 22
Initial Cost, Building & Improvements		58
Initial Cost, Furniture, Fixtures & Equipment		8
Gross Amounts at Which Carried at Close of Period, Land		22
Gross Amounts at Which Carried at Close of Period, Building & Improvements		58
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		$ (1)
Date of Construction		1965
Date Acquired	[1]	Sep. 18, 2019
W Chicago – Lakeshore [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
W Chicago – Lakeshore [Member] | Maximum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		40 years
W New Orleans – French Quarter [Member]
Real Estate and Accumulated Depreciation [Line Items]
Initial Cost, Land		$ 3
Initial Cost, Building & Improvements		21
Initial Cost, Furniture, Fixtures & Equipment		1
Gross Amounts at Which Carried at Close of Period, Land		3
Gross Amounts at Which Carried at Close of Period, Building & Improvements		21
Gross Amounts at Which Carried at Close of Period, Furniture, Fixtures & Equipment		1
Gross Amounts at Which Carried at Close of Period, Total		25
Accumulated Depreciation		$ (1)
Date of Construction		1872
Date Acquired	[1]	Sep. 18, 2019
W New Orleans – French Quarter [Member] | Minimum [Member]
Real Estate and Accumulated Depreciation [Line Items]
Life Upon Which Depreciation is Computed		3 years
W New Orleans – French Quarter [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 Blackstone 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 an_3

Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) $ in Millions	Dec. 31, 2019USD ($)
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 an_4

Schedule III - Real Estate and Accumulated Depreciation - Change in Total Cost of Properties (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Balance at beginning of period	$ 9,921	$ 10,249	$ 10,310
Additions during period:
Acquisitions	2,220
Capital expenditures	248	192	198
Deductions during period:
Transfers to assets held for sale	(86)		(46)
Dispositions, including casualty losses and impairment loss on planned dispositions	(734)	(512)	(236)
Foreign exchange effect	(3)	(8)	23
Balance at end of period	$ 11,566	$ 9,921	$ 10,249

Schedule III - Real Estate an_5

Schedule III - Real Estate and Accumulated Depreciation - Change in Accumulated Depreciation (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Balance at beginning of period	$ 2,011	$ 2,004	$ 1,832
Additions during period:
Depreciation expense	256	268	280
Deductions during period:
Transfers to assets held for sale	(24)		(15)
Dispositions, including casualty losses	(206)	(262)	(85)
Foreign exchange effect	1	1	(8)
Balance at end of period	$ 2,038	$ 2,011	$ 2,004

Schedule III - Real Estate an_6

Schedule III - Real Estate and Accumulated Depreciation - Additional Information (Detail) $ in Millions	Dec. 31, 2019USD ($)
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Aggregate cost of real estate for U.S. federal income tax purposes	$ 6,803