Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Debt

Debt balances, including obligations for capital leases, and associated interest rates as of December 31, 2017 were:

			Principal balance as of
	Interest Rate
	at December 31, 2017	Maturity Date	December 31, 2017			December 31, 2016
			(in millions)
SF CMBS Loan	4.11%	November 2023	$	725		$	725
HHV CMBS Loan	4.20%	November 2026		1,275			1,275
Mortgage loans	Average rate of 4.08%	2020 to 2026(1)		207			207
Term Loan	L + 1.45%	December 2021		750			750
Revolving Credit Facility(2)	L + 1.50%	December 2021(1)		—			—
Unsecured notes	N/A	December 2017		—			55
Capital lease obligations	Average rate of 7.00%	2019 to 2094		16			14
				2,973			3,026
Less: unamortized deferred financing costs and discount				(12	)		(14	)
			$	2,961		$	3,012

⁽¹⁾ Assumes the exercise of all extensions that are exercisable solely at our option.

⁽²⁾ $1 billion available.

Debt Maturities

The contractual maturities of our debt as of December 31, 2017 were:

Year	(in millions)
2018	$	—
2019		—
2020(1)		12
2021		750
2022		33
Thereafter		2,178
	$	2,973

⁽¹⁾ Assumes the exercise of all extensions that are exercisable solely at our option.