$PK
Park Hotels & Resorts Inc. Stock $pk

$pk Overview Financials Valuation SEC Filings Company Website

2019 Q4 Form 10-K Financial Statement

#000156459020007367 Filed on February 27, 2020

Income Statement

Concept	2019 Q4	2019 Q3	2019
Revenue	$810.0M	$672.0M	$2.844B
YoY Change	18.08%	3.07%	3.91%
Cost Of Revenue	$280.0M	$231.0M	$985.0M
YoY Change	17.15%	3.13%	4.34%
Gross Profit	$530.0M	$441.0M	$1.859B
YoY Change	18.57%	3.04%	3.68%
Gross Profit Margin	65.43%	65.63%	65.37%
Selling, General & Admin	$305.0M	$253.0M	$115.0M
YoY Change	17.31%	-2.32%	-2.54%
% of Gross Profit	57.55%	57.37%	6.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$80.00M	$61.00M	$264.0M
YoY Change	15.94%	-11.59%	-4.69%
% of Gross Profit	15.09%	13.83%	14.2%
Operating Expenses	$402.0M	$337.0M	$115.0M
YoY Change	15.52%	-2.88%	-2.54%
Operating Profit	$148.0M	$38.00M	$426.0M
YoY Change	52.58%	-54.76%	-15.48%
Interest Expense	-$44.00M	$33.00M	$140.0M
YoY Change	57.14%	3.13%	10.24%
% of Operating Profit	-29.73%	86.84%	32.86%
Other Income/Expense, Net	$45.00M	$23.00M	$78.00M
YoY Change	-1225.0%	21.05%	6.85%
Pretax Income	$149.0M	$9.000M	$351.0M
YoY Change	129.23%	-83.64%	-29.8%
Income Tax	$23.00M	$0.00	$35.00M
% Of Pretax Income	15.44%	0.0%	9.97%
Net Earnings	$123.0M	$5.000M	$306.0M
YoY Change	127.78%	-90.38%	-35.17%
Net Earnings / Revenue	15.19%	0.74%	10.76%
Basic Earnings Per Share	$0.51	$0.02	$1.44
Diluted Earnings Per Share	$0.51	$0.02	$1.44
COMMON SHARES
Basic Shares Outstanding		206.0M	212.0M
Diluted Shares Outstanding		207.0M	213.0M

Balance Sheet

Concept	2019 Q4	2019 Q3	2019
SHORT-TERM ASSETS
Cash & Short-Term Investments	$346.0M	$321.0M	$346.0M
YoY Change	-15.61%	-19.55%	-15.61%
Cash & Equivalents	$346.0M	$321.0M	$346.0M
Short-Term Investments
Other Short-Term Assets	$83.00M	$76.00M	$83.00M
YoY Change	1.22%	22.58%	1.22%
Inventory
Prepaid Expenses
Receivables	$180.0M	$193.0M	$180.0M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$609.0M	$590.0M	$609.0M
YoY Change	-5.58%	-7.38%	-5.58%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.594B	$9.986B	$9.842B
YoY Change	20.3%	25.23%	23.41%
Goodwill	$607.0M	$607.0M
YoY Change	0.0%
Intangibles	$46.00M	$46.00M
YoY Change	70.37%
Long-Term Investments	$35.00M	$52.00M	$35.00M
YoY Change	-30.0%	-1.89%	-30.0%
Other Assets	$111.0M	$43.00M	$111.0M
YoY Change	640.0%	168.75%	640.0%
Total Long-Term Assets	$10.68B	$11.03B	$10.68B
YoY Change	22.52%	26.52%	22.52%
TOTAL ASSETS
Total Short-Term Assets	$609.0M	$590.0M	$609.0M
Total Long-Term Assets	$10.68B	$11.03B	$10.68B
Total Assets	$11.29B	$11.62B	$11.29B
YoY Change	20.58%	24.21%	20.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$217.0M	$237.0M	$217.0M
YoY Change	18.58%	19.7%	18.58%
Accrued Expenses	$260.0M	$284.0M	$260.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$636.0M	$784.0M	$636.0M
YoY Change	39.78%	74.61%	39.78%
LONG-TERM LIABILITIES
Long-Term Debt	$3.871B	$4.100B	$3.871B
YoY Change	31.31%	39.08%	31.31%
Other Long-Term Liabilities	$282.0M	$241.0M	$282.0M
YoY Change	-15.06%	21.72%	-15.06%
Total Long-Term Liabilities	$4.153B	$4.341B	$4.153B
YoY Change	26.62%	37.98%	26.62%
TOTAL LIABILITIES
Total Short-Term Liabilities	$636.0M	$784.0M	$636.0M
Total Long-Term Liabilities	$4.153B	$4.341B	$4.153B
Total Liabilities	$4.839B	$5.167B	$4.794B
YoY Change	28.12%	42.46%	28.49%
SHAREHOLDERS EQUITY
Retained Earnings	$1.922B	$1.931B
YoY Change	-6.11%
Common Stock	$4.577B	$4.574B
YoY Change	27.46%	27.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$6.496B	$6.497B	$6.496B
YoY Change
Total Liabilities & Shareholders Equity	$11.29B	$11.62B	$11.29B
YoY Change	20.58%	24.21%	20.58%

Cashflow Statement

Concept	2019 Q4	2019 Q3	2019
OPERATING ACTIVITIES
Net Income	$123.0M	$5.000M	$306.0M
YoY Change	127.78%	-90.38%	-35.17%
Depreciation, Depletion And Amortization	$80.00M	$61.00M	$264.0M
YoY Change	15.94%	-11.59%	-4.69%
Cash From Operating Activities	$150.0M	$105.0M	$499.0M
YoY Change	0.67%	-28.57%	12.39%
INVESTING ACTIVITIES
Capital Expenditures	-$58.00M	-$62.00M	$240.0M
YoY Change	5.45%	31.91%	34.83%
Acquisitions
YoY Change
Other Investing Activities	$278.0M	-$904.0M	-$395.0M
YoY Change	27700.0%	-1805.66%	-165.07%
Cash From Investing Activities	$220.0M	-$966.0M	-$635.0M
YoY Change	-507.41%	-16200.0%	-251.55%
FINANCING ACTIVITIES
Cash Dividend Paid			$494.0M
YoY Change			6.47%
Common Stock Issuance & Retirement, Net			$0.00
YoY Change			-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-348.0M	745.0M	97.00M
YoY Change	304.65%	-525.71%	-111.89%
NET CHANGE
Cash From Operating Activities	150.0M	105.0M	499.0M
Cash From Investing Activities	220.0M	-966.0M	-635.0M
Cash From Financing Activities	-348.0M	745.0M	97.00M
Net Change In Cash	22.00M	-116.0M	-39.00M
YoY Change	144.44%	427.27%	-184.78%
FREE CASH FLOW
Cash From Operating Activities	$150.0M	$105.0M	$499.0M
Capital Expenditures	-$58.00M	-$62.00M	$240.0M
Free Cash Flow	$208.0M	$167.0M	$259.0M
YoY Change	1.96%	-13.92%	-2.63%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2018Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2019	dei	Document Annual Report DocumentAnnualReport	true
CY2019	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2019	dei	Document Transition Report DocumentTransitionReport	false
CY2019	dei	Entity File Number EntityFileNumber	001-37795
CY2019	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2019	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	36-2058176
CY2019	dei	Entity Address Address Line1 EntityAddressAddressLine1	1775 Tysons Boulevard
CY2019	dei	Entity Address Address Line2 EntityAddressAddressLine2	7th Floor
CY2019	dei	Entity Address City Or Town EntityAddressCityOrTown	Tysons
CY2019	dei	Entity Address State Or Province EntityAddressStateOrProvince	VA
CY2019	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	22102
CY2019	dei	City Area Code CityAreaCode	571
CY2019	dei	Local Phone Number LocalPhoneNumber	302-5757
CY2019	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2019	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
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CY2019	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2019	dei	Entity Small Business EntitySmallBusiness	false
CY2019	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019	dei	Entity Shell Company EntityShellCompany	false
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CY2019	us-gaap	Share Based Compensation ShareBasedCompensation	16000000
CY2018	us-gaap	Share Based Compensation ShareBasedCompensation	16000000
CY2019	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	5000000
CY2017	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	19000000
CY2018	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-20000000
CY2019	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3000000
CY2018	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	27000000
CY2019	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-6000000
CY2018	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	34000000
CY2019	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	20000000
CY2018	us-gaap	Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates	150000000
CY2018	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	88000000
CY2018	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	34000000
CY2019	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-28000000
CY2018	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-21000000
CY2019	pk	Increase Decrease Due To Hotel Manager IncreaseDecreaseDueToHotelManager	7000000
CY2018	pk	Increase Decrease Due To Hotel Manager IncreaseDecreaseDueToHotelManager	-4000000
CY2017	pk	Increase Decrease Due To Hotel Manager IncreaseDecreaseDueToHotelManager	50000000
CY2019	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	10000000
CY2018	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	14000000
CY2017	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	20000000
CY2019	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	5000000
CY2018	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	8000000
CY2017	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	6000000
CY2019	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	499000000
CY2018	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	444000000
CY2019	pk	Payments To Acquire Businesses Net Of Cash And Restricted Cash Acquired PaymentsToAcquireBusinessesNetOfCashAndRestrictedCashAcquired	914000000
CY2018	pk	Payments To Acquire Businesses Net Of Cash And Restricted Cash Acquired PaymentsToAcquireBusinessesNetOfCashAndRestrictedCashAcquired	10000000
CY2019	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	240000000
CY2019	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	429000000
CY2018	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	369000000
CY2019	us-gaap	Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates	51000000
CY2017	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	2000000
CY2017	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	1000000
CY2017	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	19000000
CY2019	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-635000000
CY2018	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	419000000
CY2017	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-165000000
CY2019	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	850000000
CY2019	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	232000000
CY2019	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	11000000
CY2018	us-gaap	Payments Of Dividends PaymentsOfDividends	464000000
CY2017	us-gaap	Payments Of Dividends PaymentsOfDividends	386000000
CY2019	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	9000000
CY2018	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	2000000
CY2017	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	6000000
CY2019	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	7000000
CY2018	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2000000
CY2017	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3000000
CY2018	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	348000000
CY2017	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	55000000
CY2017	pk	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net Cash ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNetCash	9000000
CY2019	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	97000000
CY2018	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-816000000
CY2017	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-459000000
CY2018	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-1000000
CY2019	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-39000000
CY2018	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	46000000
CY2017	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	29000000
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	425000000
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	379000000
CY2016Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	350000000
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	386000000
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	425000000
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	379000000
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3823000000
CY2017	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	13000000
CY2019	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="margin-top:8pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain line items on the consolidated statements of comprehensive income for the years ended December 31, 2018 and 2017 and consolidated statements of cash flows for the year ended December 31, 2018 have been reclassified to conform to the current period presentation.</p>
CY2017	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	11000000
CY2017	us-gaap	Profit Loss ProfitLoss	2631000000
CY2017	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	22000000
CY2017	us-gaap	Dividends Dividends	506000000
CY2017	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	6000000
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5962000000
CY2018	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	14000000
CY2018	us-gaap	Profit Loss ProfitLoss	477000000
CY2018	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	39000000
CY2018	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	348000000
CY2018	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	2000000
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5586000000
CY2019	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	978000000
CY2019	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	8000000
CY2019	us-gaap	Profit Loss ProfitLoss	316000000
CY2019	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	3000000
CY2019	us-gaap	Dividends Dividends	423000000
CY2019	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	9000000
CY2019	us-gaap	New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Operating Results NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnOperatingResults	-8000000
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6451000000
CY2017	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.84
CY2018	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.99
CY2019	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.90
CY2017	pk	Special Common Stock Dividends Per Share Declared SpecialCommonStockDividendsPerShareDeclared	2.79
CY2018	pk	Special Common Stock Dividends Per Share Declared SpecialCommonStockDividendsPerShareDeclared	0.75
CY2019	us-gaap	Use Of Estimates UseOfEstimates	<p style="margin-top:8pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:5.24%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </p>
CY2019	us-gaap	Number Of Reporting Units NumberOfReportingUnits	2
CY2019Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	98000000
CY2018Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	90000000
CY2019	pk	Income Tax Benefit Recognized In Financial Statements Measured As Largest Amount Of Benefit That Is Greater Than Percentage Value Of Being Realized Upon Settlement IncomeTaxBenefitRecognizedInFinancialStatementsMeasuredAsLargestAmountOfBenefitThatIsGreaterThanPercentageValueOfBeingRealizedUponSettlement	0.50
CY2019Q4	pk	Number Of Hotel Portfolio Properties Sold NumberOfHotelPortfolioPropertiesSold	7
CY2019	us-gaap	Proceeds From Divestiture Of Businesses ProceedsFromDivestitureOfBusinesses	436000000
CY2019	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	19000000
CY2018Q4	pk	Number Of Hotel Portfolio Properties Sold NumberOfHotelPortfolioPropertiesSold	12
CY2018	us-gaap	Proceeds From Divestiture Of Businesses ProceedsFromDivestitureOfBusinesses	379000000
CY2018	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	98000000
CY2018	pk	Reclassification Of Currency Translation Adjustment From Accumulated Other Comprehensive Loss To Earnings On Disposition Of Unconsolidated Equity Method Investments ReclassificationOfCurrencyTranslationAdjustmentFromAccumulatedOtherComprehensiveLossToEarningsOnDispositionOfUnconsolidatedEquityMethodInvestments	31000000
CY2019Q4	us-gaap	Land Land	3512000000
CY2018Q4	us-gaap	Land Land	3344000000
CY2019Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	6978000000
CY2018Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	5616000000
CY2019Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	1059000000
CY2018Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	949000000
CY2019Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	134000000
CY2018Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	124000000
CY2019Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	11683000000
CY2018Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	10033000000
CY2019Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2089000000
CY2018Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2058000000
CY2019Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9594000000
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7975000000
CY2019Q4	us-gaap	Disposal Group Including Discontinued Operation Property Plant And Equipment DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment	62000000
CY2019	us-gaap	Depreciation Nonproduction DepreciationNonproduction	262000000
CY2018	us-gaap	Depreciation Nonproduction DepreciationNonproduction	273000000
CY2017	us-gaap	Depreciation Nonproduction DepreciationNonproduction	283000000
CY2019Q4	pk	Number Of Consolidated Variable Interest Entities NumberOfConsolidatedVariableInterestEntities	3
CY2019Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	35000000
CY2018Q4	us-gaap	Investments In Affiliates Subsidiaries Associates And Joint Ventures InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures	50000000
CY2019Q4	pk	Unconsolidated Affiliate Debt UnconsolidatedAffiliateDebt	943000000
CY2018Q4	pk	Unconsolidated Affiliate Debt UnconsolidatedAffiliateDebt	955000000
CY2008Q4	us-gaap	Goodwill Gross GoodwillGross	3500000000
CY2008Q4	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	2700000000
CY2017Q4	us-gaap	Goodwill Gross GoodwillGross	2708000000
CY2017Q4	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	2102000000
CY2017Q4	us-gaap	Goodwill Goodwill	606000000
CY2018	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	1000000
CY2018	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	1000000
CY2018Q4	us-gaap	Goodwill Gross GoodwillGross	2709000000
CY2018Q4	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	2102000000
CY2018Q4	us-gaap	Goodwill Goodwill	607000000
CY2019Q4	us-gaap	Goodwill Gross GoodwillGross	2709000000
CY2019Q4	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	2102000000
CY2019Q4	us-gaap	Goodwill Goodwill	607000000
CY2018Q4	us-gaap	Finite Lived Intangible Asset Off Market Lease Favorable Gross FiniteLivedIntangibleAssetOffMarketLeaseFavorableGross	61000000
CY2019Q4	pk	Finite Lived Intangible Asset Air Rights Contract FiniteLivedIntangibleAssetAirRightsContract	45000000
CY2019Q4	us-gaap	Other Finite Lived Intangible Assets Gross OtherFiniteLivedIntangibleAssetsGross	8000000
CY2018Q4	us-gaap	Other Finite Lived Intangible Assets Gross OtherFiniteLivedIntangibleAssetsGross	10000000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	7000000
CY2018Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	44000000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	46000000
CY2018Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	27000000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1000000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1000000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1000000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1000000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	1000000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	41000000
CY2019Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	3871000000
CY2018Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	2948000000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	46000000
CY2019Q4	pk	Longterm Debt And Financing Lease Obligations Gross LongtermDebtAndFinancingLeaseObligationsGross	3886000000
CY2018Q4	pk	Longterm Debt And Financing Lease Obligations Gross LongtermDebtAndFinancingLeaseObligationsGross	2958000000
CY2019Q4	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	3000000
CY2019Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	18000000
CY2018Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	10000000
CY2019Q4	pk	Number Of Consolidated Variable Interest Entities NumberOfConsolidatedVariableInterestEntities	3
CY2016Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	50000000
CY2019Q4	us-gaap	Derivative Fixed Interest Rate DerivativeFixedInterestRate	0.0186
CY2019	us-gaap	Derivative Maturity Dates DerivativeMaturityDates	2022-04-21
CY2019Q4	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	225000000
CY2019Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	21000000
CY2019Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	709000000
CY2019Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	97000000
CY2019Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	827000000
CY2019Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	676000000
CY2019Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	1556000000
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	3886000000
CY2019	pk	Number Of Consolidated Properties Under Ground Leases NumberOfConsolidatedPropertiesUnderGroundLeases	14
CY2019	pk	Leases Ending Expiration Date LeasesEndingExpirationDate	2083
CY2019	pk	Date Majorityof Leases Expire DateMajorityofLeasesExpire	2031
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	29000000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	29000000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	29000000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	24000000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	25000000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	365000000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	501000000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	241000000
CY2019Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	260000000
CY2019Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P26Y3M18D
CY2019Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.053
CY2019	us-gaap	Operating Lease Cost OperatingLeaseCost	30000000
CY2019	us-gaap	Variable Lease Cost VariableLeaseCost	13000000
CY2019	us-gaap	Operating Lease Payments OperatingLeasePayments	36000000
CY2019	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	278000000
CY2017	us-gaap	Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit	-25000000
CY2018	us-gaap	Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit	8000000
CY2019	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	350000000
CY2018	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	498000000
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	279000000
CY2019	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	1000000
CY2018	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	2000000
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	6000000
CY2019	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	351000000
CY2018	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	500000000
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	285000000
CY2019	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	16000000
CY2018	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	34000000
CY2017	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	21000000
CY2019	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	3000000
CY2018	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	6000000
CY2017	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	2000000
CY2019	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	11000000
CY2018	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	3000000
CY2017	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	9000000
CY2019	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	30000000
CY2018	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	43000000
CY2017	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	32000000
CY2019	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	3000000
CY2018	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-18000000
CY2017	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-2373000000
CY2019	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	2000000
CY2018	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-2000000
CY2017	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit	-5000000
CY2019	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	5000000
CY2018	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-20000000
CY2017	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2378000000
CY2019	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	35000000
CY2018	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	23000000
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2346000000
CY2019	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	74000000
CY2018	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	105000000
CY2017	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	100000000
CY2019	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	2000000
CY2018	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	3000000
CY2017	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	2000000
CY2019	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	13000000
CY2018	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	2000000
CY2017	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	4000000
CY2019	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	2000000
CY2017	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	3000000
CY2018	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-2000000
CY2017	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-25000000
CY2019	pk	Income Tax Reconciliation Real Estate Investment Trust Income Not Subject To Tax IncomeTaxReconciliationRealEstateInvestmentTrustIncomeNotSubjectToTax	69000000
CY2018	pk	Income Tax Reconciliation Real Estate Investment Trust Income Not Subject To Tax IncomeTaxReconciliationRealEstateInvestmentTrustIncomeNotSubjectToTax	92000000
CY2017	pk	Income Tax Reconciliation Real Estate Investment Trust Income Not Subject To Tax IncomeTaxReconciliationRealEstateInvestmentTrustIncomeNotSubjectToTax	83000000
CY2019	pk	Income Tax Reconciliation Derecognition And Remeasurement Of Deferred Taxes IncomeTaxReconciliationDerecognitionAndRemeasurementOfDeferredTaxes	13000000
CY2018	pk	Income Tax Reconciliation Derecognition And Remeasurement Of Deferred Taxes IncomeTaxReconciliationDerecognitionAndRemeasurementOfDeferredTaxes	7000000
CY2017	pk	Income Tax Reconciliation Derecognition And Remeasurement Of Deferred Taxes IncomeTaxReconciliationDerecognitionAndRemeasurementOfDeferredTaxes	-2347000000
CY2019	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	35000000
CY2018	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	23000000
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2346000000
CY2019Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	8000000
CY2018Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	3000000
CY2019Q4	pk	Deferred Tax Assets Accrued Compensation DeferredTaxAssetsAccruedCompensation	2000000
CY2019Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	50000000
CY2018Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	42000000
CY2019Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	42000000
CY2018Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	39000000
CY2019Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	9000000
CY2018Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	8000000
CY2019Q4	us-gaap	Deferred Tax Assets Deferred Income DeferredTaxAssetsDeferredIncome	4000000
CY2018Q4	us-gaap	Deferred Tax Assets Deferred Income DeferredTaxAssetsDeferredIncome	3000000
CY2018Q4	pk	Deferred Tax Assets Accrued Compensation DeferredTaxAssetsAccruedCompensation	3000000
CY2019Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	6000000
CY2018Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	4000000
CY2019Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	21000000
CY2018Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	18000000
CY2019Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	6000000
CY2018Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	4000000
CY2019Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	15000000
CY2018Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	14000000
CY2019Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	48000000
CY2018Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	44000000
CY2019Q4	us-gaap	Deferred Tax Liabilities Investments DeferredTaxLiabilitiesInvestments	8000000
CY2018Q4	us-gaap	Deferred Tax Liabilities Investments DeferredTaxLiabilitiesInvestments	9000000
CY2019Q4	pk	Deferred Tax Liabilities Accrued Compensation DeferredTaxLiabilitiesAccruedCompensation	1000000
CY2019Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	57000000
CY2018Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	53000000
CY2019Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	42000000
CY2018Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	39000000
CY2019Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	9000000
CY2019	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	2000000
CY2019	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P3Y
CY2018	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P3Y
CY2019	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate	0.205
CY2018	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate	0.240
CY2017	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate	0.284
CY2019	us-gaap	Net Income Loss NetIncomeLoss	306000000
CY2018	us-gaap	Net Income Loss NetIncomeLoss	472000000
CY2017	us-gaap	Net Income Loss NetIncomeLoss	2625000000
CY2019	pk	Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted	1000000
CY2018	pk	Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted	2000000
CY2017	pk	Participating Securities Distributed And Undistributed Earnings Loss Basic And Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasicAndDiluted	8000000
CY2019	pk	Net Income Attributable To Stockholders Net Of Earnings Allocated To Participating Securities NetIncomeAttributableToStockholdersNetOfEarningsAllocatedToParticipatingSecurities	305000000
CY2019Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9594000000
CY2018	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2737000000
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7975000000
CY2018	pk	Net Income Attributable To Stockholders Net Of Earnings Allocated To Participating Securities NetIncomeAttributableToStockholdersNetOfEarningsAllocatedToParticipatingSecurities	470000000
CY2017	pk	Net Income Attributable To Stockholders Net Of Earnings Allocated To Participating Securities NetIncomeAttributableToStockholdersNetOfEarningsAllocatedToParticipatingSecurities	2617000000
CY2017	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2791000000
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8311000000
CY2019	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	212000000
CY2018	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	203000000
CY2017	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	211000000
CY2019	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	1000000
CY2018	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	1000000
CY2017	pk	Incremental Common Shares Attributable To Dilutive Net Effect Of Shares Issued With Respect To E And P Dividend IncrementalCommonSharesAttributableToDilutiveNetEffectOfSharesIssuedWithRespectToEAndPDividend	3000000
CY2019	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	213000000
CY2018	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	204000000
CY2017	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	214000000
CY2019	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.44
CY2018	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.32
CY2017	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	12.38
CY2019	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.44
CY2018	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.31
CY2017	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	12.21
CY2017	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	2347000000
CY2019	pk	Description Of Renewal Periods DescriptionOfRenewalPeriods	allow for one or more renewal periods.
CY2019	pk	Number Of Operating Hotels Under Franchise Agreements NumberOfOperatingHotelsUnderFranchiseAgreements	12
CY2019	us-gaap	Marketing Expense MarketingExpense	53000000
CY2018	us-gaap	Marketing Expense MarketingExpense	53000000
CY2017	us-gaap	Marketing Expense MarketingExpense	55000000
CY2019	pk	Employee Cost Reimbursements EmployeeCostReimbursements	133000000
CY2018	pk	Employee Cost Reimbursements EmployeeCostReimbursements	134000000
CY2017	pk	Employee Cost Reimbursements EmployeeCostReimbursements	131000000
CY2019	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	0
CY2018	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	0
CY2017	pk	Real Estate Transfers To Assets Held For Sale RealEstateTransfersToAssetsHeldForSale	46000000
CY2019	pk	Dispositions Including Casualty Losses And Impairment Loss On Planned Dispositions DispositionsIncludingCasualtyLossesAndImpairmentLossOnPlannedDispositions	734000000
CY2017	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	13000000
CY2019	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2
CY2019	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2844000000
CY2018	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2737000000
CY2019	us-gaap	Profit Loss ProfitLoss	316000000
CY2018	us-gaap	Profit Loss ProfitLoss	477000000
CY2017	us-gaap	Profit Loss ProfitLoss	2631000000
CY2017	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2791000000
CY2019	pk	Adjusted Ebitda AdjustedEbitda	802000000
CY2018	pk	Adjusted Ebitda AdjustedEbitda	761000000
CY2017	pk	Adjusted Ebitda AdjustedEbitda	758000000
CY2019	pk	Casualty Gain Loss And Impairment Loss Net CasualtyGainLossAndImpairmentLossNet	-18000000
CY2018	pk	Casualty Gain Loss And Impairment Loss Net CasualtyGainLossAndImpairmentLossNet	-1000000
CY2017	pk	Casualty Gain Loss And Impairment Loss Net CasualtyGainLossAndImpairmentLossNet	26000000
CY2019	us-gaap	Depreciation And Amortization DepreciationAndAmortization	264000000
CY2018	us-gaap	Depreciation And Amortization DepreciationAndAmortization	277000000
CY2017	us-gaap	Depreciation And Amortization DepreciationAndAmortization	288000000
CY2019	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	62000000
CY2018	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	65000000
CY2017	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	68000000
CY2019	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	70000000
CY2019	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	78000000
CY2018	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	73000000
CY2017	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	63000000
CY2019	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	19000000
CY2018	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	96000000
CY2017	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	1000000
CY2019	us-gaap	Investment Income Interest InvestmentIncomeInterest	6000000
CY2018	us-gaap	Investment Income Interest InvestmentIncomeInterest	6000000
CY2017	us-gaap	Investment Income Interest InvestmentIncomeInterest	2000000
CY2019	us-gaap	Interest Expense InterestExpense	140000000
CY2018	us-gaap	Interest Expense InterestExpense	127000000
CY2017	us-gaap	Interest Expense InterestExpense	124000000
CY2019	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	14000000
CY2018	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	18000000
CY2017	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	40000000
CY2019	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-1000000
CY2018	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-3000000
CY2017	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-4000000
CY2019	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	35000000
CY2018	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	23000000
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2346000000
CY2019	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	46000000
CY2018	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	102000000
CY2019	pk	Other Items OtherItems	16000000
CY2018	pk	Other Items OtherItems	11000000
CY2017	pk	Other Items OtherItems	7000000
CY2019Q4	us-gaap	Assets Assets	11290000000
CY2018Q4	us-gaap	Assets Assets	9363000000
CY2019Q4	us-gaap	Purchase Commitment Remaining Minimum Amount Committed PurchaseCommitmentRemainingMinimumAmountCommitted	43000000
CY2019	us-gaap	Interest Paid InterestPaid	135000000
CY2018	us-gaap	Interest Paid InterestPaid	123000000
CY2017	us-gaap	Interest Paid InterestPaid	118000000
CY2019	us-gaap	Income Taxes Paid IncomeTaxesPaid	15000000
CY2018	us-gaap	Income Taxes Paid IncomeTaxesPaid	63000000
CY2017	us-gaap	Income Taxes Paid IncomeTaxesPaid	16000000
CY2019	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	26000000
CY2018	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	15000000
CY2017	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	20000000
CY2019	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	978
CY2019	us-gaap	Noncash Or Part Noncash Acquisition Investments Acquired1 NoncashOrPartNoncashAcquisitionInvestmentsAcquired1	310000000
CY2019Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	136000000
CY2018Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	206000000
CY2017	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	441
CY2017Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	120000000
CY2019Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	659000000
CY2019Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	703000000
CY2019Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	672000000
CY2019Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	810000000
CY2019	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2844000000
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	129000000
CY2019Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	111000000
CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	38000000
CY2019Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	148000000
CY2019	us-gaap	Operating Income Loss OperatingIncomeLoss	426000000
CY2019Q1	us-gaap	Profit Loss ProfitLoss	97000000
CY2019Q2	us-gaap	Profit Loss ProfitLoss	84000000
CY2019Q3	us-gaap	Profit Loss ProfitLoss	9000000
CY2019Q4	us-gaap	Profit Loss ProfitLoss	126000000
CY2019	us-gaap	Profit Loss ProfitLoss	316000000
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	96000000
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	82000000
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	5000000
CY2019Q4	pk	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs Credits RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCostsCredits	1272000000
CY2019Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Land RealEstateAndAccumulatedDepreciationCarryingAmountOfLand	3496000000
CY2019Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements	7055000000
CY2019Q4	pk	Real Estate And Accumulated Depreciation Carrying Amount Of Furniture Fixtures And Equipment RealEstateAndAccumulatedDepreciationCarryingAmountOfFurnitureFixturesAndEquipment	1015000000
CY2019Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	11566000000
CY2019Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
CY2019Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.51
CY2019	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.44
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	668000000
CY2018Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	731000000
CY2019Q4	us-gaap	Net Income Loss NetIncomeLoss	123000000
CY2019	us-gaap	Net Income Loss NetIncomeLoss	306000000
CY2019Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.48
CY2019Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.40
CY2019Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
CY2019Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.51
CY2019	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.44
CY2019Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.48
CY2019Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.40
CY2018Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	652000000
CY2018Q4	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	686000000
CY2018	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2737000000
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	174000000
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	149000000
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	84000000
CY2018Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	97000000
CY2018	us-gaap	Operating Income Loss OperatingIncomeLoss	504000000
CY2018Q1	us-gaap	Profit Loss ProfitLoss	149000000
CY2018Q2	us-gaap	Profit Loss ProfitLoss	218000000
CY2018Q3	us-gaap	Profit Loss ProfitLoss	55000000
CY2018Q4	us-gaap	Profit Loss ProfitLoss	55000000
CY2018	us-gaap	Profit Loss ProfitLoss	477000000
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	150000000
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	216000000
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	52000000
CY2018Q4	us-gaap	Net Income Loss NetIncomeLoss	54000000
CY2018	us-gaap	Net Income Loss NetIncomeLoss	472000000
CY2018Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.71
CY2018Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.07
CY2018Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.26
CY2018Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.27
CY2018	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.32
CY2018Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.71
CY2018Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.07
CY2018Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.26
CY2018Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.27
CY2018	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.31
CY2019Q4	srt	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	2516000000
CY2019Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Land RealEstateAndAccumulatedDepreciationInitialCostOfLand	3610000000
CY2019Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	6233000000
CY2019Q4	pk	Real Estate And Accumulated Depreciation Initial Cost Of Furniture Fixtures And Equipment RealEstateAndAccumulatedDepreciationInitialCostOfFurnitureFixturesAndEquipment	451000000
CY2019Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2038000000
CY2018Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	9921000000
CY2017Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	10249000000
CY2016Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	10310000000
CY2019	pk	Real Estate Additions Through Acquisitions RealEstateAdditionsThroughAcquisitions	2220000000
CY2019	pk	Real Estate Capital Expenditures RealEstateCapitalExpenditures	248000000
CY2018	pk	Real Estate Capital Expenditures RealEstateCapitalExpenditures	192000000
CY2017	pk	Real Estate Capital Expenditures RealEstateCapitalExpenditures	198000000
CY2019	pk	Real Estate Transfers To Assets Held For Sale RealEstateTransfersToAssetsHeldForSale	86000000
CY2018	pk	Dispositions Including Casualty Losses And Impairment Loss On Planned Dispositions DispositionsIncludingCasualtyLossesAndImpairmentLossOnPlannedDispositions	512000000
CY2017	pk	Dispositions Including Casualty Losses And Impairment Loss On Planned Dispositions DispositionsIncludingCasualtyLossesAndImpairmentLossOnPlannedDispositions	236000000
CY2019	pk	Real Estate Foreign Exchange Effect RealEstateForeignExchangeEffect	3000000
CY2018	pk	Real Estate Foreign Exchange Effect RealEstateForeignExchangeEffect	8000000
CY2017	pk	Real Estate Foreign Exchange Effect RealEstateForeignExchangeEffect	-23000000
CY2019Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	11566000000
CY2018Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	9921000000
CY2017Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	10249000000
CY2018Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2011000000
CY2017Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2004000000
CY2016Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	1832000000
CY2019	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	256000000
CY2018	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	268000000
CY2017	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	280000000
CY2019	pk	Real Estate Accumulated Depreciation Transfers To Assets Held For Sale RealEstateAccumulatedDepreciationTransfersToAssetsHeldForSale	24000000
CY2017	pk	Real Estate Accumulated Depreciation Transfers To Assets Held For Sale RealEstateAccumulatedDepreciationTransfersToAssetsHeldForSale	15000000
CY2019	pk	Dispositions Including Casualty Losses DispositionsIncludingCasualtyLosses	206000000
CY2018	pk	Dispositions Including Casualty Losses DispositionsIncludingCasualtyLosses	262000000
CY2017	pk	Dispositions Including Casualty Losses DispositionsIncludingCasualtyLosses	85000000
CY2019	pk	Real Estate Accumulated Depreciation Foreign Exchange Effect RealEstateAccumulatedDepreciationForeignExchangeEffect	-1000000
CY2018	pk	Real Estate Accumulated Depreciation Foreign Exchange Effect RealEstateAccumulatedDepreciationForeignExchangeEffect	-1000000
CY2017	pk	Real Estate Accumulated Depreciation Foreign Exchange Effect RealEstateAccumulatedDepreciationForeignExchangeEffect	8000000
CY2019Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2038000000
CY2018Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2011000000
CY2017Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2004000000
CY2019Q4	srt	Real Estate Federal Income Tax Basis RealEstateFederalIncomeTaxBasis	6803000000

Files In Submission

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0001564590-20-007367-index-headers.html	Edgar Link	pending
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0001564590-20-007367.txt	Edgar Link	pending
0001564590-20-007367-xbrl.zip	Edgar Link	pending
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$PK
Park Hotels & Resorts Inc. Stock $pk

2019 Q4 Form 10-K Financial Statement

#000156459020007367 Filed on February 27, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PK Park Hotels & Resorts Inc. Stock $pk

2019 Q4 Form 10-K Financial Statement

#000156459020007367 Filed on February 27, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PK
Park Hotels & Resorts Inc. Stock $pk