Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income (loss)	$ (76)	$ 31
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	119	110
Gain (loss) related to real estate casualties	5	(1)
Loss on extinguishment of debt	17
Amortization of deferred costs and other assets	8	5
Equity-based compensation expense	9	12
Deferred tax (benefit) expense	(1)	16
Provision for doubtful accounts	1	2
Changes in assets and liabilities:
Accounts receivable	5	(8)
Other assets	(11)	(9)
Accounts payable and accrued expenses	(6)	(5)
Other liabilities	(2)	6
Net cash provided by operating activities	68	159
Cash flows from investing activities:
Capital expenditures, primarily investments in real estate	138	158
Lenders escrow	(15)
Insurance proceeds related to real estate casualties	16	5
Proceeds from sale of real estate	6	28
Payment of franchise incentives		(1)
Net cash used in investing activities	(131)	(126)
Cash flows from financing activities:
Proceeds from debt	1,060
Repayment of debt	(1,030)	(13)
Debt issuance costs	(29)
Issuance of mandatorily redeemable preferred shares	15
Dividends on common stock	(4)
Proceeds on termination of cash flow hedge	3
Purchase of common stock	(5)	(1)
Reorganization and separation from La Quinta Holdings Inc.	(23)
Net cash provided by (used in) financing activities	(14)	(14)
Increase (decrease) in cash and cash equivalents	(77)	19
Cash and cash equivalents at the beginning of the period	141	161
Cash and cash equivalents at the end of the period	64	$ 180
Interest Rate Cap
Cash flows from financing activities:
Payment for interest rate cap	$ (1)