Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt

Debt balances and associated interest rates as of December 31, 2019 were:

			Principal balance as of
	Interest Rate at December 31, 2019	Maturity Date	December 31, 2019			December 31, 2018
			(in millions)
SF CMBS Loan	4.11%	November 2023	$	725		$	725
HHV CMBS Loan	4.20%	November 2026		1,275			1,275
Mortgage loans(1)	Average rate of 4.26%	2020 to 2026(2)		515			207
2016 Term Loan	L + 1.55%	December 2021		700			750
2019 Term Facility	L + 1.50%	September 2024		670			—
Revolver(3)	L + 1.60%	December 2021(2)		—			—
Capital lease obligations	3.07%	2021 to 2022		1			1
				3,886			2,958
Add: unamortized premium				3			—
Less: unamortized deferred financing costs and    discount				(18	)		(10	)
			$	3,871		$	2,948

^{(1) Includes $308 million of mortgage loans assumed in connection with the Merger, all of which require payments of principal and interest on a      monthly basis.}

^{(2) Assumes the exercise of all extensions that are exercisable solely at our option.}

^{(3) $1 billion available.}

Debt Maturities, Assuming the Exercise of all Extensions that are Exercisable Solely at our Option

The contractual maturities of our debt, assuming the exercise of all extensions that are exercisable solely at our option, as of December 31, 2019 were:

Year	(in millions)
2020	$	21
2021		709
2022		97
2023		827
2024		676
Thereafter(1)		1,556
	$	3,886

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