Park Hotels & Resorts (PK) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	PK
Entity Registrant Name	Park Hotels & Resorts Inc.
Entity Central Index Key	0001617406
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		235,604,666
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 Quarterly 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

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Property and equipment, net	$ 9,323	$ 9,594	[1]
Assets held for sale, net		71
Investments in affiliates	23	35
Goodwill		607
Intangibles, net	45	46
Cash and cash equivalents	1,274	346
Restricted cash	35	40
Accounts receivable, net of allowance for doubtful accounts of $7 and $2	31	180
Prepaid expenses	43	83
Other assets	46	40
Operating lease right-of-use assets	239	248
TOTAL ASSETS (variable interest entities - $231 and $242)	11,059	11,290
Liabilities
Debt	5,118	3,871
Accounts payable and accrued expenses	129	217
Due to hotel managers	74	159
Deferred income tax liabilities	36	50
Other liabilities	123	282
Operating lease liabilities	253	260
Total liabilities (variable interest entities - $215 and $219)	5,733	4,839
Commitments and contingencies - refer to Note 13
Stockholders' Equity
Common stock, par value $0.01 per share, 6,000,000,000 shares authorized, 235,900,906 shares issued and 235,604,979 shares outstanding as of June 30, 2020 and 239,589,639 shares issued and 239,386,877 shares outstanding as of December 31, 2019	2	2
Additional paid-in capital	4,508	4,575
Retained earnings	871	1,922
Accumulated other comprehensive loss	(6)	(3)
Total stockholders' equity	5,375	6,496
Noncontrolling interests	(49)	(45)
Total equity	5,326	6,451
TOTAL LIABILITIES AND EQUITY	$ 11,059	$ 11,290
[1]	Excludes $62 million of property and equipment, net, classified as held for sale as of December 31, 2019.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Allowance for doubtful accounts receivable	$ 7	$ 2
Variable interest entities - assets	11,059	11,290
Variable interest entities - liabilities	$ 5,733	$ 4,839
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	235,900,906	239,589,639
Common stock, outstanding shares	235,604,979	239,386,877
Consolidated VIEs [Member]
Variable interest entities - assets	$ 231	$ 242
Variable interest entities - liabilities	$ 215	$ 219

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues
Total revenues	$ 42	$ 703	$ 641	$ 1,362
Operating expenses
Other property-level	56	49	116	98
Management fees		36	25	69
Impairment loss and casualty gain, net			694
Depreciation and amortization	75	61	150	123
Corporate general and administrative	14	22	30	39
Other	4	18	25	38
Total expenses	243	580	1,541	1,141
Gain (loss) on sales of assets, net	1	(12)	63	19
Operating (loss) income	(200)	111	(837)	240
Interest income	1	2	2	3
Interest expense	(50)	(33)	(90)	(65)
Equity in (losses) earnings from investments in affiliates	(8)	10	(9)	15
Other loss, net	(1)	(1)	(3)
(Loss) income before income taxes	(258)	89	(937)	193
Income tax expense	(3)	(5)	(13)	(12)
Net (loss) income	(261)	84	(950)	181
Net loss (income) attributable to noncontrolling interests	2	(2)	3	(3)
Net (loss) income attributable to stockholders	(259)	82	(947)	178
Other comprehensive (loss) income, net of tax expense:
Currency translation adjustment, net of tax expense of $0	(1)	1	(3)	1
Total other comprehensive (loss) income	(1)	1	(3)	1
Comprehensive (loss) income	(262)	85	(953)	182
Comprehensive loss (income) attributable to noncontrolling interests	2	(2)	3	(3)
Comprehensive (loss) income attributable to stockholders	$ (260)	$ 83	$ (950)	$ 179
(Loss) Earnings per share:
(Loss) earnings per share - Basic	$ (1.10)	$ 0.40	$ (4.01)	$ 0.88
(Loss) earnings per share - Diluted	$ (1.10)	$ 0.40	$ (4.01)	$ 0.88
Weighted average shares outstanding - Basic	235	201	236	201
Weighted average shares outstanding - Diluted	235	202	236	202
Rooms [Member]
Revenues
Total revenues	$ 21	$ 434	$ 383	$ 837
Operating expenses
Expenses	20	113	132	220
Food and Beverage [Member]
Revenues
Total revenues	3	195	164	378
Operating expenses
Expenses	14	130	137	254
Ancillary Hotel [Member]
Revenues
Total revenues	15	55	72	110
Other [Member]
Revenues
Total revenues	3	19	22	37
Other Departmental and Support [Member]
Operating expenses
Expenses	$ 60	$ 151	$ 232	$ 300

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Operating Activities:
Net (loss) income	$ (261)	$ 84	$ (950)	$ 181
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization	75	61	150	123
Gain on sales of assets, net	(1)	12	(63)	(19)
Impairment loss and casualty gain, net			694
Equity in loss (earnings) from investments in affiliates	8	(10)	9	(15)
Other loss, net			3
Share-based compensation expense			6	8
Amortization of deferred financing costs			3	2
Distributions from unconsolidated affiliates			5	13
Deferred income taxes			2
Changes in operating assets and liabilities			(17)	(49)
Net cash (used in) provided by operating activities			(158)	244
Investing Activities:
Capital expenditures for property and equipment			(56)	(120)
Proceeds from asset dispositions, net			207	229
Contributions to unconsolidated affiliates			(2)
Insurance proceeds for property damage claims			1	2
Net cash provided by investing activities			150	111
Financing Activities:
Borrowings on Revolver			1,000
Repayments of Revolver			(319)
Debt issuance costs			(15)
Dividends paid			(241)	(291)
Distributions to noncontrolling interests, net			(1)	(3)
Tax withholdings on share-based compensation			(6)	(6)
Repurchase of common stock			(66)
Net cash provided by (used in) financing activities			931	(300)
Net increase in cash and cash equivalents and restricted cash			923	55
Cash and cash equivalents and restricted cash, beginning of period			386	425
Cash and cash equivalents and restricted cash, end of period	$ 1,309	480	1,309	480
Non-cash financing activities:
Dividends declared but unpaid		$ 90		$ 90
Senior Secured Notes [Member]
Financing Activities:
Proceeds from issuance of Senior Secured Notes			652
2016 Term Loan [Member]
Financing Activities:
Repayment of 2016 Term Loan			(69)
Mortgage Debt [Member]
Financing Activities:
Repayment of mortgage debt			$ (4)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Millions		Total	Common Stock [member]	Additional Paid-in Capital [member]	Retained Earnings [member]	Accumulated Other Comprehensive (Loss) Income [member]	Non-Controlling Interests [member]
Balance at Dec. 31, 2018		$ 5,586	$ 2	$ 3,589	$ 2,047	$ (6)	$ (46)
Balance (shares) at Dec. 31, 2018			201,000,000
Share-based compensation, net		(1)		(1)
Net income (loss)		97			96		1
Dividends and dividend equivalents	[1]	(91)			(91)
Distributions to noncontrolling interests		(3)					(3)
Cumulative effect of change in accounting principle		(8)			(8)
Balance at Mar. 31, 2019		5,580	$ 2	3,588	2,044	(6)	(48)
Balance (shares) at Mar. 31, 2019			201,000,000
Balance at Dec. 31, 2018		5,586	$ 2	3,589	2,047	(6)	(46)
Balance (shares) at Dec. 31, 2018			201,000,000
Net income (loss)		181
Other comprehensive income (loss)		1
Balance at Jun. 30, 2019		5,576	$ 2	3,591	2,034	(5)	(46)
Balance (shares) at Jun. 30, 2019			202,000,000
Balance at Mar. 31, 2019		5,580	$ 2	3,588	2,044	(6)	(48)
Balance (shares) at Mar. 31, 2019			201,000,000
Share-based compensation, net		3		3
Share-based compensation, net (Shares)			1,000,000
Net income (loss)		84			82		2
Other comprehensive income (loss)		1				1
Dividends and dividend equivalents	[1]	(92)			(92)
Balance at Jun. 30, 2019		5,576	$ 2	3,591	2,034	(5)	(46)
Balance (shares) at Jun. 30, 2019			202,000,000
Balance at Dec. 31, 2019		$ 6,451	$ 2	4,575	1,922	(3)	(45)
Balance (shares) at Dec. 31, 2019		239,386,877	239,000,000
Share-based compensation, net		$ (4)		(5)	1
Net income (loss)		(689)			(688)		(1)
Other comprehensive income (loss)		(2)				(2)
Dividends and dividend equivalents	[1]	(106)			(106)
Distributions to noncontrolling interests		(1)					(1)
Repurchase of common stock		(66)		(66)
Repurchases of common stock (Shares)			(4,000,000)
Balance at Mar. 31, 2020		5,583	$ 2	4,504	1,129	(5)	(47)
Balance (shares) at Mar. 31, 2020			235,000,000
Balance at Dec. 31, 2019		$ 6,451	$ 2	4,575	1,922	(3)	(45)
Balance (shares) at Dec. 31, 2019		239,386,877	239,000,000
Net income (loss)		$ (950)
Other comprehensive income (loss)		(3)
Balance at Jun. 30, 2020		$ 5,326	$ 2	4,508	871	(6)	(49)
Balance (shares) at Jun. 30, 2020		235,604,979	236,000,000
Balance at Mar. 31, 2020		$ 5,583	$ 2	4,504	1,129	(5)	(47)
Balance (shares) at Mar. 31, 2020			235,000,000
Share-based compensation, net		5		4	1
Share-based compensation, net (Shares)			1,000,000
Net income (loss)		(261)			(259)		(2)
Other comprehensive income (loss)		(1)				(1)
Balance at Jun. 30, 2020		$ 5,326	$ 2	$ 4,508	$ 871	$ (6)	$ (49)
Balance (shares) at Jun. 30, 2020		235,604,979	236,000,000
[1]	Dividends declared per common share were $0.45 for the three months ended March 31, 2020, March 31, 2019 and June 30, 2019, respectively.

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Statement Of Stockholders Equity [Abstract]
Dividends declared per common share	$ 0.45	$ 0.45	$ 0.45

Organization and Recent Events

Organization and Recent Events	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Organization and Recent Events	Note 1: Organization and Recent Events 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”) completed the spin-off of a portfolio of hotels and resorts that established Park Hotels & Resorts Inc. as an independent, publicly traded company. 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. Recent Events The novel strain of coronavirus and the disease it causes (“COVID-19”) have had a significant effect on the hospitality industry and our business. The effects of COVID-19, including government restrictions such as mandated closings of non-essential businesses and travel restrictions, have severely reduced overall lodging demand. Since the beginning of March, we have experienced a significant decline in occupancy and Revenue per Available Room (“RevPAR”) associated with COVID-19 throughout our portfolio, which resulted in a decline in our operating cash flow. We expect that COVID-19 will continue to negatively affect our operating results for at least the remainder of 2020, as well as the debt and equity capital markets, which in the near-term could make obtaining financing or refinancing debt obligations more challenging. During the first quarter of 2020, we and our hotel managers took various actions to mitigate the effects of COVID-19, including temporarily suspending operations at 38 of our 60 hotels, limiting capacity at our hotels that remained open, deferring approximately $150 million of capital expenditures planned for 2020, suspending our dividend after the first quarter of 2020, and as a precautionary measure to increase liquidity and preserve financial flexibility, fully drawing our $1 billion revolving credit facility (“Revolver”). We have since commenced a phased reopening of 20 of our hotels as restrictions are removed and demand returns. The timing of fully reopening these and the remainder of our hotels will depend primarily on government restrictions imposed or re-imposed, recommendations of health officials and market demand. Additionally, in May 2020, in order to maintain compliance under our credit and term loan facilities in future quarters, we amended our credit and term loan facilities to suspend compliance with all existing financial covenants tested through and including March 31, 2021 and to adjust the levels of particular financial covenants after such period. As part of the amendment process, we (i) agreed to comply with a monthly minimum liquidity covenant, to pledge equity in certain subsidiaries to secure the facilities, and for certain subsidiaries to become guarantors under the facilities, and (ii) exercised our two six-month In May 2020, our Operating Company, PK Domestic and PK Finance Co-Issuer Inc. (“PK Finance”), an indirect, wholly-owned subsidiary of the Company, issued an aggregate of $650 million of senior secured notes due 2025 (“Senior Secured Notes”). We set aside $350 million of the net proceeds for general corporate purposes, further increasing our liquidity, and used the remainder of the net proceeds to repay portions of our Revolver and the term loan we entered into in December 2016 (“2016 Term Loan”). We are committed to using our liquidity to support our hotels’ operations during the COVID-19 pandemic and subsequent recovery, while being focused on continuing to maintain and enhance our stockholders’ value.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
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 unaudited condensed 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”). We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with U.S. GAAP. In our opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods. All significant intercompany transactions and balances within the financial statements have been eliminated. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2019 included in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on February 27, 2020. 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. Interim results are not necessarily indicative of full year performance. Reclassifications Certain line items on the condensed consolidated statements of comprehensive (loss) income for the three and six months ended June 30, 2019 have been reclassified to conform to the current period presentation. Summary of Significant Accounting Policies Our Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 27, 2020, contains a discussion of the significant accounting policies. There have been no significant changes to our significant accounting policies since December 31, 2019. Recently Issued Accounting Pronouncements Adopted Accounting Standards In January 2017, the FASB issued ASU No. 2017-04 (“ASU 2017-04”), Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment 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”, In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting”

Acquisitions and Dispositions

Acquisitions and Dispositions	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Acquisitions and Dispositions	Note 3: Acquisitions and Dispositions 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 $978 million of common stock issued 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 t he 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 condensed 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. The following unaudited condensed pro-forma financial information presents the results of operations as if the Merger had taken place on January 1, 2019. 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, 2019, nor is it indicative of the results of operations for future periods. The unaudited condensed pro-forma financial information is as follows: Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 (unaudited) (in millions) Total revenues $ 854 $ 1,642 Operating income 145 291 Net income 106 208 Dispositions During the six months ended June 30, 2020, we sold the Embassy Suites Washington DC Georgetown and our interests in the entity that owns the Hilton São Paulo Morumbi for total gross proceeds of $208 million and recognized a gain, net of selling costs, of $64 million on these hotels, which is included in gain (loss) on sales of assets, net During the six months ended June 30, 2019, we sold our ownership interests in five consolidated hotels listed in the table below for total gross proceeds of $235 million and recognized a gain, net of selling costs, of $19 million on these hotels which is included in gain (loss) 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 (1) Hotels were sold as a portfolio in the same transaction.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment [Abstract]
Property and Equipment	Note 4: Property and Equipment Property and equipment were: June 30, 2020 December 31, 2019 (1) (in millions) Land $ 3,429 $ 3,512 Buildings and leasehold improvements 6,944 6,978 Furniture and equipment 1,092 1,059 Construction-in-progress 48 134 11,513 11,683 Accumulated depreciation and amortization (2,190 ) (2,089 ) $ 9,323 $ 9,594 (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 $75 million and $60 million, respectively, during the three months ended June 30, 2020 and 2019, respectively, and $149 million and $122 million during the six months ended June 30, 2020 and 2019, respectively. For the six months ended June 30, 2020, we recognized $88 million of impairment losses, primarily related to one of our hotels, and our inability to recover the carrying value of the asset because of COVID-19. Refer to Note 8: “Fair Value Measurements” for additional information.

Consolidated Variable Interest

Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates	6 Months Ended
	Jun. 30, 2020
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 condensed consolidated balance sheets include the following assets and liabilities of these entities: June 30, 2020 December 31, 2019 (in millions) Property and equipment, net $ 220 $ 221 Cash and cash equivalents 7 13 Restricted cash 2 1 Accounts receivable, net 1 5 Prepaid expenses 1 2 Debt 207 207 Accounts payable and accrued expenses 6 8 Due to hotel manager — 2 Other liabilities 2 2 Unconsolidated Entities Investments in affiliates were: Ownership % June 30, 2020 December 31, 2019 (in millions) Hilton San Diego Bayfront 25% $ 13 $ 18 All others (6 hotels) 20% - 50% 10 17 $ 23 $ 35 The affiliates in which we own investments accounted for under the equity method had total debt of approximately $943 million as of June 30, 2020 and December 31, 2019. Substantially all the debt is secured solely by the affiliates’ assets or is guaranteed by other partners without recourse to us.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	Note 6: Goodwill Hilton allocated goodwill to us recorded as part of the acquisition of Hilton by Blackstone in 2007. We typically evaluate the carrying value of our goodwill annually. However, due to the effects of COVID-19, including (i) the significant decline in our common stock price, (ii) negative operating cash flows in the first quarter of 2020, (iii) the suspension of operations at certain of our hotels, and (iv) significant declines in occupancy and demand, Goodwill Accumulated Impairment Losses Balance (in millions) Balance as of December 31, 2019 $ 2,709 $ (2,102 ) $ 607 Impairment loss — (607 ) (607 ) Balance as of June 30, 2020 $ 2,709 $ (2,709 ) $ —

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	Note 7: Debt Debt balances and associated interest rates as of June 30, 2020 were: Principal balance as of Interest Rate at June 30, 2020 Maturity Date June 30, 2020 December 31, 2019 (in millions) SF CMBS Loan (1) 4.11% November 2023 $ 725 $ 725 HHV CMBS Loan (1) 4.20% November 2026 1,275 1,275 Mortgage loans Average rate of 4.17% 2020 to 2026 (2) 511 515 2016 Term Loan (3)(4) L + 2.95% December 2021 631 700 2019 Term Facility (4) L + 2.65% September 2024 670 670 Revolver (4)(5) L + 3.00% December 2021 681 — Senior Secured Notes 7.50% June 2025 650 — Finance lease obligations 3.07% 2021 to 2022 1 1 5,144 3,886 Add: unamortized premium 4 3 Less: unamortized deferred financing costs and discount (30 ) (18 ) $ 5,118 $ 3,871 (1) 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 Waikiki Beach Resort (“HHV CMBS Loan”). (2) Assumes the exercise of all extensions that are exercisable solely at our option. The only 2020 debt maturity is the $12 million Doubletree Spokane JV mortgage loan which matures in October. (3) In June 2 020, we repaid $ 69 million of the 2016 Term Loan . (4) (5) During the second quarter of 2020, we repaid $319 million of the Revolver. CMBS and Mortgage Loans We are required to deposit with lenders certain cash reserves for restricted uses. As of June 30, 2020 and December 31, 2019, our condensed consolidated balance sheets included $7 million and $13 million of restricted cash, respectively, related to our CMBS loans and mortgage loans. During the second quarter of 2020, we amended certain mortgage loan agreements to defer interest or interest and principal payments for three to six months and temporarily suspend required cash reserves. Credit Facilities 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”). In September 2019, the 2019 Term Facility was fully drawn to fund the Merger and was partially repaid in December 2019. To hedge the interest rate risk on a portion of the 2019 Term Facility, we assumed an interest rate swap from Chesapeake in connection with the Merger, which is designated as a cash flow hedge. 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. Revolver In March 2020, we fully drew down our $1 billion Revolver as a precautionary measure to increase liquidity and preserve financial flexibility in connection with the economic effect of COVID-19. During the second quarter of 2020, we repaid $319 million of the Revolver using $219 million of the proceeds from the issuance of the Senior Secured Notes and $100 million of existing cash. In May 2020, in order to maintain compliance under our credit and term loan facilities in future quarters, we amended our credit and term loan facilities to suspend compliance with all existing financial covenants tested through and including March 31, 2021 and to adjust the levels of particular financial covenants after such period. As part of the amendment process, we (i) agreed to comply with a monthly minimum liquidity covenant, to pledge equity in certain subsidiaries to secure the facilities, and for certain subsidiaries to become guarantors under the facilities, and (ii) exercised our two six-month Senior Secured Notes In May 2020, our Operating Company, PK Domestic and PK Finance issued an aggregate of $650 million of Senior Secured Notes. We set aside $219 million of the net proceeds to partially repay the Revolver, $69 million to partially repay the 2016 Term Loan and the remainder was used for general corporate purposes. The Senior Secured Notes bear interest at a rate of 7.500% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, beginning December 1, 2020. The Senior Secured Notes will mature on June 1, 2025. We capitalized $13 million of issuance costs during the three months ended June 30, 2020. The Senior Secured Notes are guaranteed by us and by the subsidiaries of our Operating Company that also guarantee indebtedness under our credit facilities and the guarantees are full and unconditional and joint and several. The Senior Secured Notes are secured, subject to permitted liens, by a first priority security interest in all of the capital stock of certain wholly-owned subsidiaries of certain of the guarantors and PK Domestic, which collateral also secures the obligations under our credit and term loan facilities on a first priority basis. The indenture governing the Senior Secured Notes contains customary covenants that limit the issuers’ ability and, in certain instances, the ability of the issuers’ subsidiaries, to borrow money, create liens on assets, make distributions and pay dividends on or redeem or repurchase stock, make certain types of investments, sell stock in certain subsidiaries, enter into agreements that restrict dividends or other payments from subsidiaries, enter into transactions with affiliates, issue guarantees of indebtedness, and sell assets or merge with other companies. These covenants are subject to a number of exceptions and qualifications, including the ability to declare or pay any cash dividend or make any cash distribution to us to the extent necessary for us to fund a dividend or distribution by us that it believes is necessary to maintain our status as a REIT or to avoid payment of any tax for any calendar year that could be avoided by reason of such distribution, and the ability to make certain restricted payments not to exceed $ 100.0 million , plus 95% of our cumulative Funds From Operations (as defined in the indenture), plus the aggregate net proceeds from (i) the sale of certain equity interests in, (ii) capital contributions to, and (iii) certain convertible indebtedness of the Operating Company. In addition, the indenture requires our Operating Company to maintain total unencumbered assets as of each fiscal quarter of at least 150 % of total unsecured indebtedness, in each case calculated on a consolidated basis. We may redeem the Senior Secured Notes at any time prior to June 1, 2022, in whole or in part, at a redemption price equal to 100% of the accrued principal amount thereof plus unpaid interest, if any, to the redemption date plus a make-whole premium. On or after June 1, 2022, we may redeem the Senior Secured Notes, in whole or in part, at the applicable redemption prices set forth in the indenture. On or after June 1, 2024, we may redeem the Senior Secured Notes at 100% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. Debt Maturities The contractual maturities of our debt, assuming the exercise of all extensions that are exercisable solely at our option, as of June 30, 2020 were: Year (in millions) 2020 $ 16 2021 1,321 2022 97 2023 827 2024 676 Thereafter (1) 2,207 $ 5,144 (1) Assumes the exercise of all extensions that are exercisable solely at our option.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
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: June 30, 2020 December 31, 2019 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (in millions) Liabilities: SF CMBS Loan 3 $ 725 $ 653 $ 725 $ 740 HHV CMBS Loan 3 1,275 1,040 1,275 1,316 2016 Term Loan 3 631 617 700 698 2019 Term Facility 3 670 600 670 667 Revolver 3 681 666 — — Senior Secured Notes 1 651 668 — — Mortgage loans 3 512 436 516 516 During the six months ended June 30, 2020 , we recognized impairment losses for goodwill and for certain assets resulting from a significant decline in market value of those assets. The estimated fair values of these assets that were measured on a nonrecurring basis were: June 30, 2020 Fair Value Impairment Loss (in millions) Property and equipment (1) $ 24 $ 88 Goodwill (2) — 607 Total $ 24 $ 695 (1) Fair value of our property and equipment as of June 30, 2020 was measured using significant unobservable inputs (Level 3). We estimated fair value of the assets using discounted cash flow analyses, with an estimated stabilized growth rate of 3%, a discounted cash flow term between 1.7 to 10 years, terminal capitalization rate ranging from 7.25% to 7.75%, and discount rates ranging from 9.5% to 12.5%. The discount and terminal capitalization rates used for the fair value of the assets reflected the risk profile of the markets where these properties are located. (2) Fair value of our consolidated and unconsolidated hotel reporting units was measured using significant unobservable inputs (Level 3), which included discounted cash flows, terminal capitalization rates, and discount rates.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 9: Income Taxes We are 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 condensed consolidated financial statements for the three and six months ended June 30, 2020 and 2019 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. We will be subject to U.S. federal income tax on taxable sales of built-in gain property (representing property held by us with an excess of fair value over tax basis 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 and certain sales of foreign investments. Further, our taxable REIT subsidiaries (“TRSs”) are generally subject to U.S. federal, state and local, and foreign income taxes (as applicable). The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) includes several tax provisions that may impact us and our subsidiaries. These changes include: • the ability for our TRSs to carry back net operating losses (“NOLs”) arising in 2020 to all post spin-off taxable years preceding the taxable year of the loss; • an increase of the business interest limitation under section 163(j) from 30 percent to 50 percent of adjusted taxable income for taxable years beginning in 2019 and 2020 and addition of an election by taxpayers to use their 2019 adjusted taxable income as their adjusted taxable income in 2020 for purposes of applying the limitation; • a “technical correction” amending section 168(e)(3)(E) to add “qualified improvement property” to “15-year property” and assigning a class life of 20-years under section 168(g)(3)(B) to qualified improvement property under section 168(e)(3)(E)(vii), and • the elimination of the taxable income limit for NOLs for all taxable years beginning before January 1, 2021, thereby permitting corporate taxpayers to use NOLs to fully offset taxable income (although as a REIT we will continue to only be able to use NOLs against taxable income remaining after taking into account any dividends paid deduction). During the six months ended June 30, 2020, we recognized $13 million of income tax expense, which is comprised of $12 million of built-in gains tax expense from assets sold during the six months ended June 30, 2020 and $14 million of non-U.S. income tax expense on the gain from the entity that owns the Hilton São Paulo Morumbi that was sold during the six months ended June 30, 2020, partially offset by a TRS income tax benefit of $16 million from utilizing the NOL carryback provisions of the CARES Act. We expect $23 million of refunds related to the carryback of 2020 NOLs of our TRSs to prior years, as provided by the CARES Act. During the three and six months ended June 30, 2019, we recognized $5 million and $12 million of income tax expense, respectively, primarily related to taxable income from our TRSs.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	Note 10: 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 June 30, 2020, 4,513,582 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 June 30, 2020, 94,478 shares of common stock remain available for future issuance. For both the three months ended June 30, 2020 and 2019, we recognized $4 million of share-based compensation expense, and $6 million and $8 million, respectively, for the six months ended June 30, 2020 and 2019. As of June 30, 2020, unrecognized compensation expense was $26 million, which is expected to be recognized over a weighted-average period of 1.8 years. The total fair values of shares vested (calculated as the number of shares multiplied by the vesting date share price) during the six months ended June 30, 2020 and 2019 were $17 million and $19 million, respectively. 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 six months ended June 30, 2020: Number of Shares Weighted-Average Grant Date Fair Value Unvested at January 1, 2020 557,245 $ 29.10 Granted 650,511 18.40 Vested (295,120 ) 26.33 Forfeited (59,702 ) 29.11 Unvested at June 30, 2020 852,934 $ 21.90 Performance Stock Units Performance Stock Units (“PSUs”) generally vest at the end of a three-year zero Additionally, in February 2020, we granted special awards with a one-year zero The following table provides a summary of PSUs for the six months ended June 30, 2020: Number of Shares Weighted-Average Grant Date Fair Value Unvested at January 1, 2020 574,797 $ 32.82 Granted 605,535 24.93 Vested (456,121 ) 32.39 Forfeited (52,114 ) 33.14 Unvested at June 30, 2020 672,097 $ 25.98 The grant date fair values of the awards that are subject to the achievement of market conditions based on total shareholder return were determined using a Monte Carlo simulation valuation model with the following assumptions: Expected volatility (1) 22.0% - 23.0% Dividend yield (2) — Risk-free rate 1.2% - 1.5% Expected term 1 - 3 years (1) The weighted average expected volatility was 22.5%. (2) Dividends are assumed to be reinvested in shares of our common stock and dividends will not be paid unless shares vest. As of June 30, 2020, the achievement of the performance condition associated with the special one-year

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 11: Earnings Per Share The following table presents the calculation of basic and diluted earnings per share (“EPS”): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (in millions, except per share amounts) (in millions, except per share amounts) Numerator: Net (loss) income attributable to stockholders $ (259 ) $ 82 $ (947 ) $ 178 Earnings allocated to participating securities — (1 ) — (1 ) Net (loss) income attributable to stockholders, net of earnings allocated to participating securities $ (259 ) $ 81 $ (947 ) $ 177 Denominator: Weighted average shares outstanding – basic 235 201 236 201 Unvested restricted shares — 1 — 1 Weighted average shares outstanding – diluted 235 202 236 202 (Loss) earnings per share - Basic $ (1.10 ) $ 0.40 $ (4.01 ) $ 0.88 (Loss) earnings per share - Diluted $ (1.10 ) $ 0.40 $ (4.01 ) $ 0.88 (1) Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented. Certain of our outstanding equity awards were excluded from the above calculation of EPS for the three and six months ended June 30, 2020 and 2019 because their effect would have been anti-dilutive.

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Business Segment Information	Note 12: Business Segment Information As of June 30, 2020, 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; • Costs associated with hotel acquisitions or dispositions expensed during the period; • Severance expense; • Share-based compensation expense; • Casualty gains or losses; • 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 (loss) income: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (in millions) Revenues: Total consolidated hotel revenue $ 39 $ 684 $ 619 $ 1,325 Other revenues 3 19 22 37 Total revenues $ 42 $ 703 $ 641 $ 1,362 Hotel Adjusted EBITDA $ (108 ) $ 209 $ (17 ) $ 390 Other revenues 3 19 22 37 Depreciation and amortization expense (75 ) (61 ) (150 ) (123 ) Corporate general and administrative expense (14 ) (22 ) (30 ) (39 ) Impairment loss and casualty gain, net — — (694 ) — Other operating expenses (4 ) (18 ) (25 ) (38 ) Gain (loss) on sales of assets, net 1 (12 ) 63 19 Interest income 1 2 2 3 Interest expense (50 ) (33 ) (90 ) (65 ) Equity in (losses) earnings from investments in affiliates (8 ) 10 (9 ) 15 Income tax expense (3 ) (5 ) (13 ) (12 ) Other loss, net (1 ) (1 ) (3 ) — Other items (3 ) (4 ) (6 ) (6 ) Net (loss) income $ (261 ) $ 84 $ (950 ) $ 181 The following table presents total assets for our consolidated hotels, reconciled to consolidated amounts: June 30, 2020 December 31, 2019 (in millions) Consolidated hotels $ 11,022 $ 11,236 All other 37 54 Total $ 11,059 $ 11,290

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13: Commitments and Contingencies As of June 30, 2020, we had outstanding commitments under third-party contracts of approximately $29 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 are involved in litigation arising from the normal course of business, some of which includes claims for substantial sums, and may make certain indemnifications or guarantees to select buyers of our hotels as part of the sale process. 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 for other claims. In addition, losses related to certain contingent liabilities could be apportioned to us under the spin-off agreements. 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 June 30, 2020 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.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The unaudited condensed 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”). We have condensed or omitted certain information and footnote disclosures normally included in financial statements presented in accordance with U.S. GAAP. In our opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods. All significant intercompany transactions and balances within the financial statements have been eliminated. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2019 included in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on February 27, 2020.
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. Interim results are not necessarily indicative of full year performance.
Reclassifications	Reclassifications Certain line items on the condensed consolidated statements of comprehensive (loss) income for the three and six months ended June 30, 2019 have been reclassified to conform to the current period presentation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Adopted Accounting Standards In January 2017, the FASB issued ASU No. 2017-04 (“ASU 2017-04”), Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment 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”, In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting”

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
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 $978 million of common stock issued 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: Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 (unaudited) (in millions) Total revenues $ 854 $ 1,642 Operating income 145 291 Net income 106 208
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 (1) Hotels were sold as a portfolio in the same transaction.

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment [Abstract]
Property and Equipment	Property and equipment were: June 30, 2020 December 31, 2019 (1) (in millions) Land $ 3,429 $ 3,512 Buildings and leasehold improvements 6,944 6,978 Furniture and equipment 1,092 1,059 Construction-in-progress 48 134 11,513 11,683 Accumulated depreciation and amortization (2,190 ) (2,089 ) $ 9,323 $ 9,594 (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)	6 Months Ended
	Jun. 30, 2020
Consolidated Variable Interest Entities And Investments In Affiliates [Abstract]
Schedule of Assets and Liabilities Included in Consolidated Balance Sheets	Our condensed consolidated balance sheets include the following assets and liabilities of these entities: June 30, 2020 December 31, 2019 (in millions) Property and equipment, net $ 220 $ 221 Cash and cash equivalents 7 13 Restricted cash 2 1 Accounts receivable, net 1 5 Prepaid expenses 1 2 Debt 207 207 Accounts payable and accrued expenses 6 8 Due to hotel manager — 2 Other liabilities 2 2
Schedule of Investment in Affiliates	Investments in affiliates were: Ownership % June 30, 2020 December 31, 2019 (in millions) Hilton San Diego Bayfront 25% $ 13 $ 18 All others (6 hotels) 20% - 50% 10 17 $ 23 $ 35

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goodwill Accumulated Impairment Losses Balance (in millions) Balance as of December 31, 2019 $ 2,709 $ (2,102 ) $ 607 Impairment loss — (607 ) (607 ) Balance as of June 30, 2020 $ 2,709 $ (2,709 ) $ —

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Debt	Debt balances and associated interest rates as of June 30, 2020 were: Principal balance as of Interest Rate at June 30, 2020 Maturity Date June 30, 2020 December 31, 2019 (in millions) SF CMBS Loan (1) 4.11% November 2023 $ 725 $ 725 HHV CMBS Loan (1) 4.20% November 2026 1,275 1,275 Mortgage loans Average rate of 4.17% 2020 to 2026 (2) 511 515 2016 Term Loan (3)(4) L + 2.95% December 2021 631 700 2019 Term Facility (4) L + 2.65% September 2024 670 670 Revolver (4)(5) L + 3.00% December 2021 681 — Senior Secured Notes 7.50% June 2025 650 — Finance lease obligations 3.07% 2021 to 2022 1 1 5,144 3,886 Add: unamortized premium 4 3 Less: unamortized deferred financing costs and discount (30 ) (18 ) $ 5,118 $ 3,871 (1) 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 Waikiki Beach Resort (“HHV CMBS Loan”). (2) Assumes the exercise of all extensions that are exercisable solely at our option. The only 2020 debt maturity is the $12 million Doubletree Spokane JV mortgage loan which matures in October. (3) In June 2 020, we repaid $ 69 million of the 2016 Term Loan . (4) (5) During the second quarter of 2020, we repaid $319 million of the Revolver.
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 June 30, 2020 were: Year (in millions) 2020 $ 16 2021 1,321 2022 97 2023 827 2024 676 Thereafter (1) 2,207 $ 5,144 (1) Assumes the exercise of all extensions that are exercisable solely at our option.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
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: June 30, 2020 December 31, 2019 Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value (in millions) Liabilities: SF CMBS Loan 3 $ 725 $ 653 $ 725 $ 740 HHV CMBS Loan 3 1,275 1,040 1,275 1,316 2016 Term Loan 3 631 617 700 698 2019 Term Facility 3 670 600 670 667 Revolver 3 681 666 — — Senior Secured Notes 1 651 668 — — Mortgage loans 3 512 436 516 516
Schedule of Estimated Fair Values of Assets Measured on Nonrecurring Basis	The estimated fair values of these assets that were measured on a nonrecurring basis were: June 30, 2020 Fair Value Impairment Loss (in millions) Property and equipment (1) $ 24 $ 88 Goodwill (2) — 607 Total $ 24 $ 695 (1) Fair value of our property and equipment as of June 30, 2020 was measured using significant unobservable inputs (Level 3). We estimated fair value of the assets using discounted cash flow analyses, with an estimated stabilized growth rate of 3%, a discounted cash flow term between 1.7 to 10 years, terminal capitalization rate ranging from 7.25% to 7.75%, and discount rates ranging from 9.5% to 12.5%. The discount and terminal capitalization rates used for the fair value of the assets reflected the risk profile of the markets where these properties are located. (2) Fair value of our consolidated and unconsolidated hotel reporting units was measured using significant unobservable inputs (Level 3), which included discounted cash flows, terminal capitalization rates, and discount rates.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020: Number of Shares Weighted-Average Grant Date Fair Value Unvested at January 1, 2020 557,245 $ 29.10 Granted 650,511 18.40 Vested (295,120 ) 26.33 Forfeited (59,702 ) 29.11 Unvested at June 30, 2020 852,934 $ 21.90
Schedule of Performance Stock Units ("PSUs")	The following table provides a summary of PSUs for the six months ended June 30, 2020: Number of Shares Weighted-Average Grant Date Fair Value Unvested at January 1, 2020 574,797 $ 32.82 Granted 605,535 24.93 Vested (456,121 ) 32.39 Forfeited (52,114 ) 33.14 Unvested at June 30, 2020 672,097 $ 25.98
Schedule of Grant Date Fair Values of Awards Using Monte Carlo Simulation Valuation Model	The grant date fair values of the awards that are subject to the achievement of market conditions based on total shareholder return were determined using a Monte Carlo simulation valuation model with the following assumptions: Expected volatility (1) 22.0% - 23.0% Dividend yield (2) — Risk-free rate 1.2% - 1.5% Expected term 1 - 3 years (1) The weighted average expected volatility was 22.5%. (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)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	The following table presents the calculation of basic and diluted earnings per share (“EPS”): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (in millions, except per share amounts) (in millions, except per share amounts) Numerator: Net (loss) income attributable to stockholders $ (259 ) $ 82 $ (947 ) $ 178 Earnings allocated to participating securities — (1 ) — (1 ) Net (loss) income attributable to stockholders, net of earnings allocated to participating securities $ (259 ) $ 81 $ (947 ) $ 177 Denominator: Weighted average shares outstanding – basic 235 201 236 201 Unvested restricted shares — 1 — 1 Weighted average shares outstanding – diluted 235 202 236 202 (Loss) earnings per share - Basic $ (1.10 ) $ 0.40 $ (4.01 ) $ 0.88 (Loss) earnings per share - Diluted $ (1.10 ) $ 0.40 $ (4.01 ) $ 0.88 (1) Per share amounts are calculated based on unrounded numbers and are calculated independently for each period presented.

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Reconciliation of Revenues from Consolidated Hotels to Condensed Combined Consolidated Amounts and Hotel Adjusted EBITDA to Net (Loss) Income	The following table presents revenues for our consolidated hotels reconciled to our consolidated amounts and Hotel Adjusted EBITDA to net (loss) income: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (in millions) Revenues: Total consolidated hotel revenue $ 39 $ 684 $ 619 $ 1,325 Other revenues 3 19 22 37 Total revenues $ 42 $ 703 $ 641 $ 1,362 Hotel Adjusted EBITDA $ (108 ) $ 209 $ (17 ) $ 390 Other revenues 3 19 22 37 Depreciation and amortization expense (75 ) (61 ) (150 ) (123 ) Corporate general and administrative expense (14 ) (22 ) (30 ) (39 ) Impairment loss and casualty gain, net — — (694 ) — Other operating expenses (4 ) (18 ) (25 ) (38 ) Gain (loss) on sales of assets, net 1 (12 ) 63 19 Interest income 1 2 2 3 Interest expense (50 ) (33 ) (90 ) (65 ) Equity in (losses) earnings from investments in affiliates (8 ) 10 (9 ) 15 Income tax expense (3 ) (5 ) (13 ) (12 ) Other loss, net (1 ) (1 ) (3 ) — Other items (3 ) (4 ) (6 ) (6 ) Net (loss) income $ (261 ) $ 84 $ (950 ) $ 181
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: June 30, 2020 December 31, 2019 (in millions) Consolidated hotels $ 11,022 $ 11,236 All other 37 54 Total $ 11,059 $ 11,290

Organization and Recent Events

Organization and Recent Events - Additional Information (Details) $ / shares in Units, $ in Millions		1 Months Ended		6 Months Ended
		May 31, 2020USD ($)Option	Mar. 31, 2020USD ($)Hotel	Jun. 30, 2020USD ($)Option$ / shares	May 05, 2019$ / sharesshares	Jan. 03, 2017
Organization [Line Items]
Borrowings on Revolver				$ 1,000
Senior Secured Notes [Member] | PK Domestic and PK Finance Co-Issuer Inc [Member]
Organization [Line Items]
Gross debt balance		$ 650
Net proceeds from secured notes		$ 350
COVID-19 [Member]
Organization [Line Items]
Number of hotels temporarily suspend operations | Hotel			38
Number of hotels, total | Hotel			60
Deferring maintenance and ROI Capital expenditures				$ 150
Number of hotels reopened due to restrictions removed | Hotel			20
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 | $ / shares				$ 25.88	$ 0.01
Business acquisition, cash consideration transferred, per share | $ / shares					$ 11
Business acquisition, consideration transferred number of shares per share | shares					0.628
Fractional shares of common stock to be issued in merger agreement | shares					0
Revolver [Member]
Organization [Line Items]
Gross debt balance	[1],[2]			$ 681
Revolver [Member] | COVID-19 [Member]
Organization [Line Items]
Borrowings on Revolver			$ 1,000	$ 1,000
Number of extension options | Option		2		2
Term of extension options period		6 months		6 months
Line of credit facility extended maturity date		Dec. 24, 2021		Dec. 24, 2021
[1]	During the second quarter of 2020, we repaid $319 million of the Revolver.
[2]	In May 2020, we amended our credit and term loan facilities which added a LIBOR floor of 25 basis points.

Acquisitions and Dispositions -

Acquisitions and Dispositions - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	May 05, 2019
Business Acquisition [Line Items]
Gross proceeds on sale of hotel portfolio properties	$ 208	$ 235
Net gain on selling cost of hotel portfolio properties	64	$ 19
Hilton Sao Paulo Morumbi [Member]
Business Acquisition [Line Items]
Reclassification of currency translation adjustment from accumulated other comprehensive loss to earnings on disposition of hotel portfolio properties	$ 7
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	37.8
Business acquisition,par value per common share	$ 25.88		$ 0.01
Cash issued for acquisition	$ 1,013
Chesapeake Lodging Trust [Member] | Common Stock [member]
Business Acquisition [Line Items]
Shares issued for acquisition	$ 978

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Summary of Hotel Portfolio Properties Acquired (Detail) - Chesapeake Lodging Trust [Member]	6 Months Ended
	Jun. 30, 2020Room
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 and Dispositions_3

Acquisitions and Dispositions - Schedule of Preliminary Allocation of Assets Acquired and Liabilities Assumed (Detail) - Chesapeake Lodging Trust [Member] $ in Millions	Jun. 30, 2020USD ($)
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 and Dispositions_4

Acquisitions and Dispositions - Schedule of Unaudited Condensed Pro-forma Financial Information (Detail) - Chesapeake Lodging Trust [Member] - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Business Acquisition [Line Items]
Total revenues	$ 854	$ 1,642
Operating income	145	291
Net income	$ 106	$ 208

Acquisitions, Dispositions and

Acquisitions, Dispositions and Assets Held for Sale - Summary of Hotel Portfolio Properties Sold (Detail)	6 Months Ended
	Jun. 30, 2020
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]
[1]	Hotels were sold as a portfolio in the same transaction.

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Detail) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	[1]
Property Plant And Equipment [Abstract]
Land	$ 3,429	$ 3,512
Buildings and leasehold improvements	6,944	6,978
Furniture and equipment	1,092	1,059
Construction-in-progress	48	134
Property and equipment, gross	11,513	11,683
Accumulated depreciation and amortization	(2,190)	(2,089)
Property and equipment, net	$ 9,323	$ 9,594
[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) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property Plant And Equipment [Abstract]
Depreciation	$ 75	$ 60	$ 149	$ 122
Impairment Loss, Property and equipment			$ 88

Consolidated Variable Interes_3

Consolidated Variable Interest Entities ("VIEs") and Investments in Affiliates - Additional Information (Detail) $ in Millions	Jun. 30, 2020USD ($)Entity	Dec. 31, 2019USD ($)
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of consolidated VIEs | Entity	3
Debt of unconsolidated joint ventures | $	$ 943	$ 943

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	Jun. 30, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Property and equipment, net	$ 9,323	$ 9,594	[1]
Cash and cash equivalents	1,274	346
Restricted cash	35	40
Accounts receivable, net	31	180
Prepaid expenses	43	83
Debt	5,118	3,871
Accounts payable and accrued expenses	129	217
Due to hotel manager	74	159
Other liabilities	123	282
Consolidated VIEs [Member]
Variable Interest Entity [Line Items]
Property and equipment, net	220	221
Cash and cash equivalents	7	13
Restricted cash	2	1
Accounts receivable, net	1	5
Prepaid expenses	1	2
Debt	207	207
Accounts payable and accrued expenses	6	8
Due to hotel manager		2
Other liabilities	$ 2	$ 2
[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	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Equity Method Investments [Line Items]
Investments in affiliates	$ 23	$ 35
Hilton San Diego Bayfront [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	25.00%
Investments in affiliates	$ 13	18
All others (6 hotels) [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in affiliates	$ 10	$ 17
All others (6 hotels) [Member] | Minimum [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	20.00%
All others (6 hotels) [Member] | Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership Percentage	50.00%

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill impairment loss	$ 607	$ 607

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill beginning balance, gross	$ 2,709	$ 2,709
Goodwill ending balance, gross		2,709
Accumulated impairment losses, beginning balance	(2,102)	(2,102)
Accumulated impairment losses, impairment loss		(607)
Accumulated impairment losses, ending balance		(2,709)
Goodwill, beginning balance	607	607
Impairment loss	$ (607)	$ (607)

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Detail) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2020		Dec. 31, 2019		Oct. 31, 2016
Debt Instrument [Line Items]
Finance lease obligations		$ 1		$ 1
Debt and financing lease obligations, gross		5,144		3,886
Add: unamortized premium		4		3
Less: unamortized deferred financing costs and discount		(30)		(18)
Debt		5,118		3,871
SF CMBS Loan [Member]
Debt Instrument [Line Items]
Debt, gross		$ 725	[1]	725	[1]	$ 725
Debt instrument, interest rate, stated percentage	[1]	4.11%
Maturity Date	[1]	2023-11
HHV CMBS Loan [Member]
Debt Instrument [Line Items]
Debt, gross		$ 1,275	[1]	1,275	[1]	$ 1,275
Debt instrument, interest rate, stated percentage	[1]	4.20%
Maturity Date	[1]	2026-11
Mortgage Loans [Member]
Debt Instrument [Line Items]
Debt, gross		$ 511		515
Debt instrument, weighted average interest rate		4.17%
Maturity Date, start year	[2]	2020
Maturity Date, end year	[2]	2026
2016 Term Loan [Member]
Debt Instrument [Line Items]
Debt, gross	[3],[4]	$ 631		700
Maturity Date	[3],[4]	2021-12
2016 Term Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	[3],[4]	2.95%
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Senior Secured Notes		$ 650
Debt instrument, interest rate, stated percentage		7.50%
Maturity Date		2025-06
Finance Lease Obligations [Member]
Debt Instrument [Line Items]
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	[4]	$ 670		$ 670
Maturity Date	[4]	2024-09
2019 Term Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	[4]	2.65%
Revolver [Member]
Debt Instrument [Line Items]
Debt, gross	[4],[5]	$ 681
Maturity Date	[4],[5]	2021-12
Revolver [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	[4],[5]	3.00%
[1]	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 Waikiki Beach Resort (“HHV CMBS Loan”).
[2]	Assumes the exercise of all extensions that are exercisable solely at our option.  The only 2020 debt maturity is the $12 million Doubletree Spokane JV mortgage loan which matures in October.
[3]	In June 2 020, we repaid $ 69 million of the 2016 Term Loan .
[4]	In May 2020, we amended our credit and term loan facilities which added a LIBOR floor of 25 basis points.
[5]	During the second quarter of 2020, we repaid $319 million of the Revolver.

Debt - Schedule of Debt (Parent

Debt - Schedule of Debt (Parenthetical) (Detail) - USD ($) $ in Millions		1 Months Ended			3 Months Ended		6 Months Ended
		Jun. 30, 2020		May 31, 2020	Jun. 30, 2020		Jun. 30, 2020		Dec. 31, 2019		Oct. 31, 2016
Debt Instrument [Line Items]
Repayments under Revolver							$ 319
Debt instrument description of interest rate							LIBOR floor of 25 basis points
Debt instrument, interest rate				25.00%
Revolver [Member]
Debt Instrument [Line Items]
Debt, gross	[1],[2]	$ 681			$ 681		$ 681
Repayments under Revolver					319
SF CMBS Loan [Member]
Debt Instrument [Line Items]
Debt, gross		725	[3]		725	[3]	725	[3]	$ 725	[3]	$ 725
HHV CMBS Loan [Member]
Debt Instrument [Line Items]
Debt, gross		1,275	[3]		1,275	[3]	1,275	[3]	1,275	[3]	$ 1,275
Doubletree Spokane JV Mortgage Loan [Member]
Debt Instrument [Line Items]
Debt, gross		12			12		12
2016 Term Loan [Member]
Debt Instrument [Line Items]
Debt, gross	[2],[4]	631			$ 631		$ 631		$ 700
Debt instrument repaid amount		$ 69
[1]	During the second quarter of 2020, we repaid $319 million of the Revolver.
[2]	In May 2020, we amended our credit and term loan facilities which added a LIBOR floor of 25 basis points.
[3]	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 Waikiki Beach Resort (“HHV CMBS Loan”).
[4]	In June 2 020, we repaid $ 69 million of the 2016 Term Loan .

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions	1 Months Ended		3 Months Ended	6 Months Ended
	May 31, 2020USD ($)Option	Mar. 31, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)Option	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Restricted cash			$ 35	$ 35	$ 40
Derivative fixed interest rate			1.86%	1.86%
Derivative maturity date				Apr. 21, 2022
Derivative notional amount			$ 225	$ 225
Borrowings on Revolver				1,000
Repayments under Revolver				319
Revolver [Member]
Debt Instrument [Line Items]
Repayments under Revolver			319
Revolver [Member] | COVID-19 [Member]
Debt Instrument [Line Items]
Borrowings on Revolver		$ 1,000		$ 1,000
Repayments under Revolver			319
Number of extension options | Option	2			2
Term of extension options period	6 months			6 months
Line of credit facility extended maturity date	Dec. 24, 2021			Dec. 24, 2021
Amendment fee			6
Revolver [Member] | COVID-19 [Member] | Cash [Member]
Debt Instrument [Line Items]
Repayments under Revolver			100
CMBS and mortgage loans [Member]
Debt Instrument [Line Items]
Restricted cash			$ 7	$ 7	$ 13
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Proceeds from issuance of Senior Secured Notes				$ 652
Debt instrument, interest rate, stated percentage			7.50%	7.50%
Senior Secured Notes [Member] | PK Domestic and PK Finance [Member]
Debt Instrument [Line Items]
Senior secured notes issued	$ 650
Debt instrument, interest rate, stated percentage	7.50%
Payment, description				The Senior Secured Notes bear interest at a rate of 7.500% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, beginning December 1, 2020.
Maturity date	Jun. 1, 2025
Debt issuance cost			$ 13	$ 13
Line of credit facility, covenant terms				These covenants are subject to a number of exceptions and qualifications, including the ability to declare or pay any cash dividend or make any cash distribution to us to the extent necessary for us to fund a dividend or distribution by us that it believes is necessary to maintain our status as a REIT or to avoid payment of any tax for any calendar year that could be avoided by reason of such distribution, and the ability to make certain restricted payments not to exceed $100.0 million, plus 95% of our cumulative Funds From Operations (as defined in the indenture), plus the aggregate net proceeds from (i) the sale of certain equity interests in, (ii) capital contributions to, and (iii) certain convertible indebtedness of the Operating Company.
Debt instrument, redemption, description				We may redeem the Senior Secured Notes at any time prior to June 1, 2022, in whole or in part, at a redemption price equal to 100% of the accrued principal amount thereof plus unpaid interest, if any, to the redemption date plus a make-whole premium. On or after June 1, 2022, we may redeem the Senior Secured Notes, in whole or in part, at the applicable redemption prices set forth in the indenture. On or after June 1, 2024, we may redeem the Senior Secured Notes at 100% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.
Redemption price percentage	100.00%
Redemption price percentage of principal amount	100.00%
Redemption period, start date	Jun. 1, 2024
Senior Secured Notes [Member] | PK Domestic and PK Finance [Member] | Minimum [Member]
Debt Instrument [Line Items]
Percentage of cumulative Funds From Operations	95.00%
Percentage of unsecured indebtedness	150.00%
Senior Secured Notes [Member] | PK Domestic and PK Finance [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility maximum payment restricted	$ 100
Senior Secured Notes [Member] | Revolver [Member] | PK Domestic and PK Finance [Member]
Debt Instrument [Line Items]
Repayments under Revolver	219
Senior Secured Notes [Member] | Revolver [Member] | COVID-19 [Member]
Debt Instrument [Line Items]
Proceeds from issuance of Senior Secured Notes			$ 219
Senior Secured Notes [Member] | 2016 Term Loan [Member] | PK Domestic and PK Finance [Member]
Debt Instrument [Line Items]
Partial repayments of term loan	$ 69

Debt - Debt Maturities, Assumin

Debt - Debt Maturities, Assuming the Exercise of all Extensions that are Exercisable Solely at our Option (Detail) $ in Millions	Jun. 30, 2020USD ($)
Debt Disclosure [Abstract]
2020	$ 16
2021	1,321
2022	97
2023	827
2024	676
Thereafter(1)	2,207	[1]
Debt and capital lease obligations, gross	$ 5,144
[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	Jun. 30, 2020	Dec. 31, 2019
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	631	700
Carrying amount [Member] | 2019 Term Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	670	670
Carrying amount [Member] | Revolver [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	681
Carrying amount [Member] | Senior Secured Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	651
Carrying amount [Member] | Mortgage Loans [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	512	516
Fair Value [Member] | SF CMBS Loan [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	653	740
Fair Value [Member] | HHV CMBS Loan [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	1,040	1,316
Fair Value [Member] | 2016 Term Loan [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	617	698
Fair Value [Member] | 2019 Term Facility [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	600	667
Fair Value [Member] | Revolver [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	666
Fair Value [Member] | Senior Secured Notes [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	668
Fair Value [Member] | Mortgage Loans [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loan	$ 436	$ 516

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Values of Assets Measured on Nonrecurring Basis (Detail) - USD ($) $ in Millions		3 Months Ended	6 Months Ended
		Mar. 31, 2020	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment Loss, Property and equipment			$ 88
Goodwill impairment loss		$ 607	607
Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Property and equipment	[1]		24
Fair Value, Total			24
Impairment Loss, Property and equipment	[1]		88
Goodwill impairment loss	[2]		607
Impairment Loss, Total			$ 695
[1]	Fair value of our property and equipment as of June 30, 2020 was measured using significant unobservable inputs (Level 3). We estimated fair value of the assets using discounted cash flow analyses, with an estimated stabilized growth rate of 3%, a discounted cash flow term between 1.7 to 10 years, terminal capitalization rate ranging from 7.25% to 7.75%, and discount rates ranging from 9.5% to 12.5%. The discount and terminal capitalization rates used for the fair value of the assets reflected the risk profile of the markets where these properties are located.
[2]	Fair value of our consolidated and unconsolidated hotel reporting units was measured using significant unobservable inputs (Level 3), which included discounted cash flows, terminal capitalization rates, and discount rates.

Fair Value Measurements - Est_2

Fair Value Measurements - Estimated Fair Values of Assets Measured on Nonrecurring Basis (Parenthetical) (Detail) - Fair Value, Nonrecurring [Member] - Fair Value, Inputs, Level 3 [Member]	6 Months Ended
	Jun. 30, 2020
Measurement Input, Long-term Revenue Growth Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	3
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discounted cash flow term	1 year 8 months 12 days
Terminal capitalization rate	7.25%
Minimum [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	9.5
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discounted cash flow term	10 years
Terminal capitalization rate	7.75%
Maximum [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	12.5

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Taxes [Line Items]
Income tax expense	$ 3,000,000	$ 5,000,000	$ 13,000,000	$ 12,000,000
Percentage of adjusted taxable income			50.00%	30.00%
Built-in gains tax expense from assets sold			$ 12,000,000
Income tax benefit partially offset by TRS			16,000,000
Refunds related to carryback of NOLs, CARES Act			23,000,000
Hilton Sao Paulo Morumbi [Member]
Income Taxes [Line Items]
Non-U.S. income tax expense			14,000,000
U.S. Federal Tax [Member] | REIT [Member]
Income Taxes [Line Items]
Income tax expense	$ 0		$ 0

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 29, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, authorized shares		6,000,000,000		6,000,000,000		6,000,000,000
Share-based compensation arrangement by share-based payment award performance period				1 year
2017 Employee Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares of common stock reserved for future issuance		4,513,582		4,513,582
Compensation expense		$ 4,000,000	$ 4,000,000	$ 6,000,000	$ 8,000,000
Unrecognized compensation costs related to unvested awards		$ 26,000,000		$ 26,000,000
Unrecognized compensation costs related to unvested awards, weighted-average period				1 year 9 months 18 days
Total fair value of shares vested				$ 17,000,000	$ 19,000,000
2017 Employee Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, authorized shares		8,000,000		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		94,478		94,478
2017 Director Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, authorized shares		450,000		450,000
Performance Stock Units ("PSUs") [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		$ 0		$ 0
Share-based compensation arrangement by share-based payment award performance period	1 year			3 years
Market capitalization		$ 1,000,000,000		$ 1,000,000,000
Vesting rights				zero to 200
Performance Stock Units ("PSUs") [Member] | Tranche Two [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights	100%
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] | Maximum [Member] | Tranche Three [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%
Performance Stock Units ("PSUs") [Member] | Minimum [Member] | Tranche One [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]	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance | shares	557,245
Number of Shares, Granted | shares	650,511
Number of Shares, Vested | shares	(295,120)
Number of Shares, Forfeited | shares	(59,702)
Number of Shares, Ending balance | shares	852,934
Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 29.10
Weighted Average Grant Date Fair Value, Granted | $ / shares	18.40
Weighted Average Grant Date Fair Value, Vested | $ / shares	26.33
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	29.11
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 21.90

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Performance Stock Units ("PSUs") (Detail) - Performance Stock Units ("PSUs") [Member]	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance | shares	574,797
Number of Shares, Granted | shares	605,535
Number of Shares, Vested | shares	(456,121)
Number of Shares, Forfeited | shares	(52,114)
Number of Shares, Ending balance | shares	672,097
Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 32.82
Weighted Average Grant Date Fair Value, Granted | $ / shares	24.93
Weighted Average Grant Date Fair Value, Vested | $ / shares	32.39
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	33.14
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 25.98

Share-Based Compensation - Sc_3

Share-Based Compensation - Schedule of Grant Date Fair Values of Awards Using Monte Carlo Simulation Valuation Model (Detail)	6 Months Ended
	Jun. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility, minimum	22.00%	[1]
Expected volatility, maximum	23.00%	[1]
Risk-free rate, minimum	1.20%
Risk-free rate, maximum	1.50%
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term	1 year
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term	3 years
[1]	The weighted average expected volatility was 22.5%.

Share-Based Compensation - Sc_4

Share-Based Compensation - Schedule of Grant Date Fair Values of Awards Using Monte Carlo Simulation Valuation Model (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Weighted average expected volatility	22.50%

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net (loss) income attributable to stockholders	$ (259)	$ 82	$ (947)	$ 178
Earnings allocated to participating securities		(1)		(1)
Net (loss) income attributable to stockholders, net of earnings allocated to participating securities	$ (259)	$ 81	$ (947)	$ 177
Denominator:
Weighted average shares outstanding – basic	235	201	236	201
Unvested restricted shares		1		1
Weighted average shares outstanding – diluted	235	202	236	202
(Loss) earnings per share - Basic	$ (1.10)	$ 0.40	$ (4.01)	$ 0.88
(Loss) earnings per share - Diluted	$ (1.10)	$ 0.40	$ (4.01)	$ 0.88

Business Segment Information -

Business Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020Segment
Segment Reporting [Abstract]
Number of operating business segments	2
Number of reportable segment	1

Business Segment Information _2

Business Segment Information - Reconciliation of Revenues from Consolidated Hotels to Condensed Combined Consolidated Amounts and Hotel Adjusted EBITDA to Net (Loss) Income (Detail) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]
Total revenues	$ 42		$ 703		$ 641	$ 1,362
Hotel Adjusted EBITDA	(108)		209		(17)	390
Depreciation and amortization expense	(75)		(61)		(150)	(123)
Corporate general and administrative expense	(14)		(22)		(30)	(39)
Impairment loss and casualty gain, net					(694)
Other operating expenses	(4)		(18)		(25)	(38)
Gain (loss) on sales of assets, net	1		(12)		63	19
Interest income	1		2		2	3
Interest expense	(50)		(33)		(90)	(65)
Equity in (losses) earnings from investments in affiliates	(8)		10		(9)	15
Income tax expense	(3)		(5)		(13)	(12)
Other loss, net	(1)		(1)		(3)
Other items	(3)		(4)		(6)	(6)
Net (loss) income	(261)	$ (689)	84	$ 97	(950)	181
Total consolidated hotel revenue [Member]
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]
Total revenues	39		684		619	1,325
Other [Member]
Reconciliation of Revenue and Adjusted EBITDA from Segments to Consolidated Amounts [Line Items]
Total revenues	$ 3		$ 19		$ 22	$ 37

Business Segment Information _3

Business Segment Information - Schedule of Total Assets by Consolidated Hotels, Reconciled To Condensed Combined Consolidated Amounts (Detail) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	$ 11,059	$ 11,290
Consolidated Hotels [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	11,022	11,236
All Other [Member]
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	$ 37	$ 54

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	Jun. 30, 2020USD ($)
Other Commitments [Line Items]
Purchase commitment, remaining minimum amount committed	$ 29
Spin-off Agreements [Member] | Hilton Sydney [Member]
Other Commitments [Line Items]
Reserve for ongoing claims	$ 7