Subsequent Events

12 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

Subsequent Events

Note 20: Subsequent Events

In January 2018, we sold the Hilton Rotterdam for a sales price of approximately $62 million. In February 2018, we sold 11 hotels, including a portfolio of three Embassy Suites hotels (Embassy Suites by Hilton Kansas City Overland Park, Embassy Suites by Hilton San Rafael Marin County and Embassy Suites by Hilton Atlanta Perimeter Center) for an aggregate sales price of approximately $96 million, a portfolio of seven hotels located in the United Kingdom (Hilton Blackpool, Hilton Belfast, Hilton London Angel Islington, Hilton Edinburgh Grosvenor, Hilton Coylumbridge, Hilton Bath City and Hilton Milton Keynes) for an aggregate sales price of approximately $189 million and the Hilton Durban for a sales price of $33 million.

In January 2018, we received insurance proceeds of $16 million related to damage at certain of our hotels caused by Hurricanes Irma and Maria.

In February 2018, we declared a quarterly cash dividend of $0.43 per share for the first quarter of 2018. The dividend will be payable on April 16, 2018 to each stockholder of record as of March 30, 2018.