Accounts Payable and Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2019

Payables And Accruals [Abstract]

Summary of Accounts Payable, Accrued Expenses and Other Liabilities

Accounts payable, accrued expenses and other liabilities include the following as of June 30, 2019 and December 31, 2018 (in millions):

	June 30, 2019		December 31, 2018
Due to hotel manager	$	49	$	44
Real estate taxes		20		23
Sales and occupancy taxes		11		8
Interest		3		3
Other accounts payable and accrued expenses		18		21
Total accounts payable and accrued expenses	$	101	$	99
Operating lease liabilities (1)	$	28	$	—
Property insurance financing		9		—
Below market leases, net		6		6
Other liabilities		8		5
Total other liabilities	$	51	$	11

(1) As of June 30, 2019, the incremental borrowing rate and the remaining maturity for our ground leases and corporate office lease was a weighted average of 8.6% and 29 years.