Subsequent Events	3 Months Ended
Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 14: Subsequent Events In May 2019, we executed an agreement to sell the Embassy Suites Parsippany and the Hilton New Orleans Airport, both wholly owned hotels, for an aggregate sales price of $75 million, which is subject to customary prorations and adjustments. In connection with these sales, we expect to recognize an impairment loss of approximately $9 million. Additionally, we executed an agreement to sell the Hilton Atlanta Airport, a wholly owned hotel, for a sales price of $101 million, which is subject to customary prorations and adjustments. Both sales are currently expected to close in June 2019. Each of the sales agreements is subject to a customary due diligence termination right in favor of the applicable buyer. As well, each of the sales agreements is subject to customary closing conditions. On May 5, 2019, we entered into a definitive agreement and plan of merger (the “Merger Agreement”) pursuant to in which we will acquire all of the outstanding shares of Chesapeake Lodging Trust (“Chesapeake”) in a cash and stock transaction valued at approximately $2.7 billion. Under the terms of the Merger Agreement, Chesapeake shareholders will receive $11.00 in cash and 0.628 shares of Park common stock for each Chesapeake share. In addition, Park has secured a $1.1 billion commitment to finance the cash component, repay certain of Chesapeake’s long-term debt and to fund a portion of the transaction costs. The transaction is subject to customary closing conditions, including receipt of the approval of Chesapeake shareholders. We currently expect the transaction to be completed in late third quarter or early fourth quarter of 2019.

Subsequent Events

3 Months Ended

Mar. 31, 2019

Note 14: Subsequent Events

In May 2019, we executed an agreement to sell the Embassy Suites Parsippany and the Hilton New Orleans Airport, both wholly owned hotels, for an aggregate sales price of $75 million, which is subject to customary prorations and adjustments. In connection with these sales, we expect to recognize an impairment loss of approximately $9 million. Additionally, we executed an agreement to sell the Hilton Atlanta Airport, a wholly owned hotel, for a sales price of $101 million, which is subject to customary prorations and adjustments. Both sales are currently expected to close in June 2019. Each of the sales agreements is subject to a customary due diligence termination right in favor of the applicable buyer. As well, each of the sales agreements is subject to customary closing conditions.

On May 5, 2019, we entered into a definitive agreement and plan of merger (the “Merger Agreement”) pursuant to in which we will acquire all of the outstanding shares of Chesapeake Lodging Trust (“Chesapeake”) in a cash and stock transaction valued at approximately $2.7 billion. Under the terms of the Merger Agreement, Chesapeake shareholders will receive $11.00 in cash and 0.628 shares of Park common stock for each Chesapeake share. In addition, Park has secured a $1.1 billion commitment to finance the cash component, repay certain of Chesapeake’s long-term debt and to fund a portion of the transaction costs. The transaction is subject to customary closing conditions, including receipt of the approval of Chesapeake shareholders. We currently expect the transaction to be completed in late third quarter or early fourth quarter of 2019.