XML 48 R38.htm IDEA: XBRL DOCUMENT v3.22.2.2
Debt - Schedule of Debt (Parenthetical) (Detail) - USD ($)
$ in Millions
1 Months Ended 9 Months Ended
Jul. 31, 2022
May 31, 2020
Sep. 30, 2022
Dec. 31, 2021
May 31, 2021
Sep. 30, 2020
Oct. 31, 2016
2019 Term Facility [Member]              
Debt Instrument [Line Items]              
Debt, gross [1]     $ 78 $ 78      
Debt Instrument Decreased Rate 0.95%            
Revolver [Member]              
Debt Instrument [Line Items]              
Debt, gross [1]     0 0      
Debt instrument description of interest rate   LIBOR floor of 25 basis points          
Available credit capacity     901        
Debt Instrument Decreased Rate 1.20%            
SF Mortgage Loan [Member]              
Debt Instrument [Line Items]              
Debt, gross     725 [2] 725 [2]     $ 725
HHV Mortgage Loan [Member]              
Debt Instrument [Line Items]              
Debt, gross     $ 1,275 [2] $ 1,275 [2]     $ 1,275
Hilton Denver City Center Mortgage Loan [Member]              
Debt Instrument [Line Items]              
Voluntary prepayment maturity date, end year     2042        
PK Domestic and PK Finance Co-Issuer Inc [Member] | 2025 Senior Secured Notes [Member]              
Debt Instrument [Line Items]              
Senior Secured Notes   $ 650          
PK Domestic and PK Finance Co-Issuer Inc [Member] | 2028 Senior Secured Notes [Member]              
Debt Instrument [Line Items]              
Senior Secured Notes           $ 725  
PK Domestic and PK Finance Co-Issuer Inc [Member] | 2029 Senior Secured Notes [Member]              
Debt Instrument [Line Items]              
Senior Secured Notes         $ 750    
[1] In August 2019, the Company, our Operating Company and PK Domestic entered into a term loan facility (the “2019 Term Facility”). As of September 30, 2022, we had $901 million of available capacity under our revolving credit facility ("Revolver").

(4) In May 2020, we amended our credit and term loan facilities to add a LIBOR floor of 25 basis points. Additionally, upon exiting the covenant relief period under our credit facilities in July 2022, the applicable margin on the interest rate of the Revolver and 2019 Term Facility decreased by 1.20% and 0.95%, respectively.

[2] 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 Mortgage Loan”) and a $1.275 billion CMBS loan secured by the Hilton Hawaiian Village Waikiki Beach Resort (“HHV Mortgage Loan”).