Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2021

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:

			September 30, 2021				December 31, 2020
	Hierarchy Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value
			(in millions)
Liabilities:
SF CMBS Loan		3	$	725	$	734	$	725	$	708
HHV CMBS Loan		3		1,275		1,282		1,275		1,195
2019 Term Facility		3		78		75		670		661
Revolver		3		—		—		601		596
2025 Senior Secured Notes		1		650		693		650		705
2028 Senior Secured Notes		1		725		769		725		774
2029 Senior Secured Notes		1		750		771		—		—
Mortgage loans		3		505		496		509		480