Fair Value Measurements and Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019				December 31, 2018
	Hierarchy Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value
			(in millions)
Liabilities:
SF CMBS Loan		3	$	725	$	743	$	725	$	706
HHV CMBS Loan		3		1,275		1,330		1,275		1,214
2016 Term Loan		3		750		750		750		732
2019 Term Facility		3		850		850		—		—
Mortgage loans		3		517		522		207		201