$PK
Park Hotels & Resorts Inc. Stock $pk

$pk Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000161740624000018 Filed on February 28, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$639.0M	$657.0M	$2.698B
YoY Change	-1.39%	-1.2%	7.88%
Cost Of Revenue	$225.0M	$230.0M	$950.0M
YoY Change	-3.85%	-3.36%	10.85%
Gross Profit	$414.0M	$427.0M	$1.748B
YoY Change	0.0%	0.0%	6.33%
Gross Profit Margin	64.79%	64.99%	64.79%
Selling, General & Admin	$244.0M	$256.0M	$112.0M
YoY Change	-7.58%	0.0%	3.7%
% of Gross Profit	58.94%	59.95%	6.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$65.00M	$94.00M	$287.0M
YoY Change	1.56%	44.62%	6.69%
% of Gross Profit	15.7%	22.01%	16.42%
Operating Expenses	$330.0M	$372.0M	$112.0M
YoY Change	-5.17%	9.09%	3.7%
Operating Profit	$84.00M	$55.00M	$343.0M
YoY Change	5.0%	-36.05%	15.88%
Interest Expense	-$62.00M	-$55.00M	$207.0M
YoY Change	-203.33%	22.22%	-16.19%
% of Operating Profit	-73.81%	-100.0%	60.35%
Other Income/Expense, Net	$0.00	$0.00	$83.00M
YoY Change	-100.0%	-100.0%	15.28%
Pretax Income	$30.00M	$221.0M	$144.0M
YoY Change	-14.29%	497.3%	-16.76%
Income Tax	$1.000M	$33.00M	$38.00M
% Of Pretax Income	3.33%	14.93%	26.39%
Net Earnings	$28.00M	$187.0M	$97.00M
YoY Change	-15.15%	450.0%	-40.12%
Net Earnings / Revenue	4.38%	28.46%	3.6%
Basic Earnings Per Share	$0.13		$0.44
Diluted Earnings Per Share	$0.13	$0.89	$0.44
COMMON SHARES
Basic Shares Outstanding	210.6M shares	210.0M shares	214.0M shares
Diluted Shares Outstanding	211.0M shares		215.0M shares

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$378.0M	$717.0M	$717.0M
YoY Change	-55.11%	-20.86%	-20.86%
Cash & Equivalents	$378.0M	$717.0M	$717.0M
Short-Term Investments
Other Short-Term Assets	$62.00M	$59.00M	$59.00M
YoY Change	12.73%	1.72%	1.72%
Inventory
Prepaid Expenses
Receivables	$125.0M	$112.0M	$112.0M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$565.0M	$888.0M	$888.0M
YoY Change	-44.99%	-18.76%	-18.76%
LONG-TERM ASSETS
Property, Plant & Equipment	$7.632B	$7.459B	$7.656B
YoY Change	-6.9%	-10.14%	-10.09%
Goodwill
YoY Change
Intangibles	$42.00M	$42.00M
YoY Change	-2.33%	-2.33%
Long-Term Investments
YoY Change
Other Assets	$32.00M	$33.00M	$33.00M
YoY Change	-3.03%	0.0%	0.0%
Total Long-Term Assets	$8.520B	$8.531B	$8.531B
YoY Change	-0.07%	-1.24%	-1.24%
TOTAL ASSETS
Total Short-Term Assets	$565.0M	$888.0M	$888.0M
Total Long-Term Assets	$8.520B	$8.531B	$8.531B
Total Assets	$9.085B	$9.419B	$9.419B
YoY Change	-4.9%	-3.21%	-3.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$223.0M	$210.0M	$210.0M
YoY Change	-8.61%	-4.55%	-4.55%
Accrued Expenses	$267.0M	$258.0M	$258.0M
YoY Change	15.58%	10.26%	10.26%
Deferred Revenue		$107.0M
YoY Change		3.88%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$648.0M	$961.0M	$961.0M
YoY Change	9.46%	61.51%	61.51%
LONG-TERM LIABILITIES
Long-Term Debt	$4.489B	$4.490B	$4.490B
YoY Change	-1.69%	-2.75%	-2.75%
Other Long-Term Liabilities	$206.0M	$200.0M	$200.0M
YoY Change	-0.48%	-12.28%	-12.28%
Total Long-Term Liabilities	$4.695B	$4.690B	$4.690B
YoY Change	-1.63%	-3.2%	-3.2%
TOTAL LIABILITIES
Total Short-Term Liabilities	$648.0M	$961.0M	$961.0M
Total Long-Term Liabilities	$4.695B	$4.690B	$4.690B
Total Liabilities	$5.296B	$5.651B	$5.605B
YoY Change	-1.29%	3.88%	3.95%
SHAREHOLDERS EQUITY
Retained Earnings	-$367.0M	-$344.0M
YoY Change	-2031.58%	-2250.0%
Common Stock	$4.156B	$4.158B
YoY Change	-1.47%	-3.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.789B	$3.814B	$3.814B
YoY Change
Total Liabilities & Shareholders Equity	$9.085B	$9.419B	$9.419B
YoY Change	-4.9%	-3.21%	-3.21%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	$28.00M	$187.0M	$97.00M
YoY Change	-15.15%	450.0%	-40.12%
Depreciation, Depletion And Amortization	$65.00M	$94.00M	$287.0M
YoY Change	1.56%	44.62%	6.69%
Cash From Operating Activities	$92.00M	$126.0M	$503.0M
YoY Change	-11.54%	80.0%	22.98%
INVESTING ACTIVITIES
Capital Expenditures	$70.00M	$90.00M	$285.0M
YoY Change	29.63%	40.63%	69.64%
Acquisitions			$11.00M
YoY Change
Other Investing Activities	$0.00	-$36.00M	$68.00M
YoY Change	-100.0%	-427.27%	-73.33%
Cash From Investing Activities	-$70.00M	-$126.0M	-$217.0M
YoY Change	-242.86%	137.74%	-349.43%
FINANCING ACTIVITIES
Cash Dividend Paid	$355.0M		$152.0M
YoY Change	533.93%		2071.43%
Common Stock Issuance & Retirement, Net			$180.0M
YoY Change			-20.7%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$362.0M	-36.00M	-$475.0M
YoY Change	66.82%	-53.85%	48.44%
NET CHANGE
Cash From Operating Activities	$92.00M	126.0M	$503.0M
Cash From Investing Activities	-$70.00M	-126.0M	-$217.0M
Cash From Financing Activities	-$362.0M	-36.00M	-$475.0M
Net Change In Cash	-$340.0M	-36.00M	-$189.0M
YoY Change	431.25%	-40.98%	-207.39%
FREE CASH FLOW
Cash From Operating Activities	$92.00M	$126.0M	$503.0M
Capital Expenditures	$70.00M	$90.00M	$285.0M
Free Cash Flow	$22.00M	$36.00M	$218.0M
YoY Change	-56.0%	500.0%	-9.54%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	4000000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	144000000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	173000000	usd
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CY2021	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	7000000	usd
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001617406
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Amendment Flag AmendmentFlag	false
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CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-37795
CY2023	dei	Entity Registrant Name EntityRegistrantName	Park Hotels & Resorts Inc.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	36-2058176
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	1775 Tysons Boulevard
CY2023	dei	Entity Address Address Line2 EntityAddressAddressLine2	7th Floor
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Tysons
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	VA
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	22102
CY2023	dei	City Area Code CityAreaCode	571
CY2023	dei	Local Phone Number LocalPhoneNumber	302-5757
CY2023	dei	Security12b Title Security12bTitle	Common Stock, $0.01 par value per share
CY2023	dei	Trading Symbol TradingSymbol	PK
CY2023	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
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CY2023	dei	Auditor Firm AuditorFirmId	42
CY2023	dei	Auditor Name AuditorName	Ernst & Young LLP
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CY2021	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-2000000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	0	usd
CY2022	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	0	usd
CY2021	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	4000000	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	106000000	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	173000000	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-448000000	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	9000000	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	11000000	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	7000000	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	97000000	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	162000000	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-455000000	usd
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.95
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	215000000	shares
CY2023	us-gaap	Profit Loss ProfitLoss	106000000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	173000000	usd
CY2023	us-gaap	Depreciation And Amortization DepreciationAndAmortization	287000000	usd
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-5000000	usd
CY2022	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
CY2021	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
CY2023	pk	Impairment And Casualty Loss ImpairmentAndCasualtyLoss	204000000	usd
CY2022	pk	Impairment And Casualty Loss ImpairmentAndCasualtyLoss	6000000	usd
CY2021	pk	Impairment And Casualty Loss ImpairmentAndCasualtyLoss	9000000	usd
CY2023	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	11000000	usd
CY2022	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	15000000	usd
CY2021	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-7000000	usd
CY2023	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	2000000	usd
CY2022	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	90000000	usd
CY2021	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-7000000	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	18000000	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	17000000	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	19000000	usd
CY2023	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	9000000	usd
CY2022	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	10000000	usd
CY2021	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	12000000	usd
CY2023	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	10000000	usd
CY2022	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	7000000	usd
CY2021	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	0	usd
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	14000000	usd
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2000000	usd
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1000000	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-9000000	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	33000000	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	70000000	usd
CY2023	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	4000000	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	23000000	usd
CY2021	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-4000000	usd
CY2023	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-18000000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-32000000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	12000000	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	82000000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	44000000	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	0	usd
CY2023	pk	Due To Hotel Managers DueToHotelManagers	-10000000	usd
CY2022	pk	Due To Hotel Managers DueToHotelManagers	30000000	usd
CY2021	pk	Due To Hotel Managers DueToHotelManagers	23000000	usd
CY2023	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	16000000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-4000000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	27000000	usd
CY2023	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	7000000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-1000000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-4000000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	503000000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	409000000	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-137000000	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	285000000	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	168000000	usd
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	54000000	usd
CY2023	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	11000000	usd
CY2022	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2021	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2023	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	116000000	usd
CY2022	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	143000000	usd
CY2021	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	454000000	usd
CY2023	us-gaap	Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates	3000000	usd
CY2022	us-gaap	Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates	101000000	usd
CY2021	us-gaap	Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates	0	usd
CY2023	pk	Reduction Of Restricted Cash For Derecognition Of Assets ReductionOfRestrictedCashForDerecognitionOfAssets	30000000	usd
CY2022	pk	Reduction Of Restricted Cash For Derecognition Of Assets ReductionOfRestrictedCashForDerecognitionOfAssets	0	usd
CY2021	pk	Reduction Of Restricted Cash For Derecognition Of Assets ReductionOfRestrictedCashForDerecognitionOfAssets	0	usd
CY2023	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	0	usd
CY2022	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	0	usd
CY2021	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	4000000	usd
CY2023	pk	Distributions From Unconsolidated Affiliates Under Investing Activity DistributionsFromUnconsolidatedAffiliatesUnderInvestingActivity	0	usd
CY2022	pk	Distributions From Unconsolidated Affiliates Under Investing Activity DistributionsFromUnconsolidatedAffiliatesUnderInvestingActivity	11000000	usd
CY2021	pk	Distributions From Unconsolidated Affiliates Under Investing Activity DistributionsFromUnconsolidatedAffiliatesUnderInvestingActivity	0	usd
CY2023	pk	Contributions To Equity Method Investment ContributionsToEquityMethodInvestment	10000000	usd
CY2022	pk	Contributions To Equity Method Investment ContributionsToEquityMethodInvestment	0	usd
CY2021	pk	Contributions To Equity Method Investment ContributionsToEquityMethodInvestment	6000000	usd
CY2023	us-gaap	Payments To Acquire Equity Securities Fv Ni PaymentsToAcquireEquitySecuritiesFvNi	0	usd
CY2022	us-gaap	Payments To Acquire Equity Securities Fv Ni PaymentsToAcquireEquitySecuritiesFvNi	0	usd
CY2021	us-gaap	Payments To Acquire Equity Securities Fv Ni PaymentsToAcquireEquitySecuritiesFvNi	4000000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-217000000	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	87000000	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	394000000	usd
CY2023	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	0	usd
CY2022	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	0	usd
CY2021	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	750000000	usd
CY2023	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
CY2022	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	50000000	usd
CY2021	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
CY2023	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	50000000	usd
CY2022	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	78000000	usd
CY2021	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1193000000	usd
CY2023	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	0	usd
CY2022	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	30000000	usd
CY2021	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	14000000	usd
CY2023	us-gaap	Repayments Of Debt RepaymentsOfDebt	83000000	usd
CY2022	us-gaap	Repayments Of Debt RepaymentsOfDebt	64000000	usd
CY2021	us-gaap	Repayments Of Debt RepaymentsOfDebt	20000000	usd
CY2023	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1000000	usd
CY2022	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	11000000	usd
CY2021	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	15000000	usd
CY2023	us-gaap	Payments Of Dividends PaymentsOfDividends	152000000	usd
CY2022	us-gaap	Payments Of Dividends PaymentsOfDividends	7000000	usd
CY2021	us-gaap	Payments Of Dividends PaymentsOfDividends	0	usd
CY2023	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	7000000	usd
CY2022	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	10000000	usd
CY2021	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	6000000	usd
CY2023	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2000000	usd
CY2022	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3000000	usd
CY2021	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	5000000	usd
CY2023	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	180000000	usd
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	227000000	usd
CY2021	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-475000000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-320000000	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-475000000	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-189000000	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	176000000	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-218000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	939000000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	763000000	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	981000000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	750000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	939000000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	763000000	usd
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4843000000	usd
CY2021	us-gaap	Profit Loss ProfitLoss	-452000000	usd
CY2021	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	4000000	usd
CY2021	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	6000000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4403000000	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	15000000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	173000000	usd
CY2022	us-gaap	Dividends Dividends	63000000	usd
CY2022	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	227000000	usd
CY2022	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	10000000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4291000000	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	16000000	usd
CY2023	us-gaap	Profit Loss ProfitLoss	106000000	usd
CY2023	us-gaap	Dividends Dividends	458000000	usd
CY2023	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	7000000	usd
CY2023	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	180000000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3768000000	usd
CY2022	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.28
CY2023	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	2.15
CY2023Q4	pk	Long Term Debt Assets In Receivership LongTermDebtAssetsInReceivership	725000000	usd
CY2023Q4	pk	Long Term Debt For Assets In Receivership Collateral Number Of Hotels LongTermDebtForAssetsInReceivershipCollateralNumberOfHotels	2	hotel
CY2023	us-gaap	Use Of Estimates UseOfEstimates	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.
CY2023	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain line items on the consolidated balance sheet as of December 31, 2022 and consolidated statements of comprehensive income (loss) for the year ended December 31, 2022 and 2021 have been reclassified to conform to the current period presentation.</span></div>
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	107000000	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	103000000	usd
CY2022	us-gaap	Proceeds From Divestiture Of Businesses ProceedsFromDivestitureOfBusinesses	149000000	usd
CY2022	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	15000000	usd
CY2022Q2	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	92000000	usd
CY2021Q4	pk	Number Of Consolidated Hotel Portfolio Properties Sold NumberOfConsolidatedHotelPortfolioPropertiesSold	5	hotel
CY2021	us-gaap	Proceeds From Divestiture Of Businesses ProceedsFromDivestitureOfBusinesses	477000000	usd
CY2021	us-gaap	Disposal Group Not Discontinued Operation Gain Loss On Disposal DisposalGroupNotDiscontinuedOperationGainLossOnDisposal	5000000	usd
CY2021	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	-5000000	usd
CY2023Q4	us-gaap	Land Land	2990000000	usd
CY2022Q4	us-gaap	Land Land	3317000000	usd
CY2023Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	5814000000	usd
CY2022Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	6512000000	usd
CY2023Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	947000000	usd
CY2022Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	994000000	usd
CY2023Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	341000000	usd
CY2022Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	201000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	10092000000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	11024000000	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2633000000	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2723000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7459000000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8301000000	usd
CY2023	us-gaap	Depreciation Nonproduction DepreciationNonproduction	286000000	usd
CY2022	us-gaap	Depreciation Nonproduction DepreciationNonproduction	268000000	usd
CY2021	us-gaap	Depreciation Nonproduction DepreciationNonproduction	281000000	usd
CY2023	us-gaap	Tangible Asset Impairment Charges TangibleAssetImpairmentCharges	202000000	usd
CY2023Q4	pk	Long Term Debt Assets In Receivership LongTermDebtAssetsInReceivership	725000000	usd
CY2021	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	-5000000	usd
CY2023Q4	pk	Unconsolidated Affiliate Debt UnconsolidatedAffiliateDebt	702000000	usd
CY2022Q4	pk	Unconsolidated Affiliate Debt UnconsolidatedAffiliateDebt	721000000	usd
CY2023Q4	us-gaap	Finite Lived Contractual Rights Gross FiniteLivedContractualRightsGross	45000000	usd
CY2022Q4	us-gaap	Finite Lived Contractual Rights Gross FiniteLivedContractualRightsGross	45000000	usd
CY2023Q4	us-gaap	Other Finite Lived Intangible Assets Gross OtherFiniteLivedIntangibleAssetsGross	4000000	usd
CY2022Q4	us-gaap	Other Finite Lived Intangible Assets Gross OtherFiniteLivedIntangibleAssetsGross	7000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	7000000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	9000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	42000000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	43000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	1000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	37000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	42000000	usd
CY2023Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	1000000	usd
CY2022Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	0	usd
CY2023Q4	pk	Longterm Debt And Financing Lease Obligations Gross LongtermDebtAndFinancingLeaseObligationsGross	3786000000	usd
CY2022Q4	pk	Longterm Debt And Financing Lease Obligations Gross LongtermDebtAndFinancingLeaseObligationsGross	3919000000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	1000000	usd
CY2022Q4	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	3000000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	22000000	usd
CY2022Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	30000000	usd
CY2023Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	3765000000	usd
CY2022Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	3892000000	usd
CY2023Q4	pk	Number Of Consolidated Variable Interest Entities NumberOfConsolidatedVariableInterestEntities	3
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	61000000	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	657000000	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	1563000000	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	30000000	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	725000000	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	750000000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	3786000000	usd
CY2023Q4	pk	Long Term Debt Assets In Receivership LongTermDebtAssetsInReceivership	725000000	usd
CY2023	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	221000000	usd
CY2023Q4	pk	Contract Assets Receivable ContractAssetsReceivable	760000000	usd
CY2023Q4	pk	Long Term Debt Assets In Receivership LongTermDebtAssetsInReceivership	725000000	usd
CY2022Q4	pk	Long Term Debt Assets In Receivership LongTermDebtAssetsInReceivership	725000000	usd
CY2023Q4	pk	Long Term Debt Assets In Receivership LongTermDebtAssetsInReceivership	725000000	usd
CY2023	pk	Lessee Number Of Ground Leases LesseeNumberOfGroundLeases	13	lease
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	24000000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	27000000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	18000000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	19000000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	19000000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	326000000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	433000000	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	210000000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	223000000	usd
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P26Y
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P26Y
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.057
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.056
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	23000000	usd
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	28000000	usd
CY2021	us-gaap	Operating Lease Cost OperatingLeaseCost	29000000	usd
CY2023	us-gaap	Variable Lease Cost VariableLeaseCost	16000000	usd
CY2022	us-gaap	Variable Lease Cost VariableLeaseCost	13000000	usd
CY2021	us-gaap	Variable Lease Cost VariableLeaseCost	4000000	usd
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	24000000	usd
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	29000000	usd
CY2021	us-gaap	Operating Lease Payments OperatingLeasePayments	30000000	usd
CY2023	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	0	usd
CY2022	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	4000000	usd
CY2021	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	0	usd
CY2023	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	5000000	usd
CY2022	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	1000000	usd
CY2021	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	5000000	usd
CY2023	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	19000000	usd
CY2022	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1000000	usd
CY2021	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	-2000000	usd
CY2023	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	24000000	usd
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	2000000	usd
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	3000000	usd
CY2023	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	4000000	usd
CY2022	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	0	usd
CY2021	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-1000000	usd
CY2023	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	10000000	usd
CY2022	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-2000000	usd
CY2021	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	0	usd
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	14000000	usd
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2000000	usd
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1000000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	38000000	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2000000	usd
CY2023	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	30000000	usd
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	36000000	usd
CY2021	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-94000000	usd
CY2023	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	29000000	usd
CY2022	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	1000000	usd
CY2021	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	0	usd
CY2023	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	0	usd
CY2022	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	4000000	usd
CY2021	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-22000000	usd
CY2023	pk	Income Tax Reconciliation Real Estate Investment Trust Income Not Subject To Tax IncomeTaxReconciliationRealEstateInvestmentTrustIncomeNotSubjectToTax	23000000	usd
CY2022	pk	Income Tax Reconciliation Real Estate Investment Trust Income Not Subject To Tax IncomeTaxReconciliationRealEstateInvestmentTrustIncomeNotSubjectToTax	39000000	usd
CY2021	pk	Income Tax Reconciliation Real Estate Investment Trust Income Not Subject To Tax IncomeTaxReconciliationRealEstateInvestmentTrustIncomeNotSubjectToTax	-116000000	usd
CY2023	pk	Income Tax Reconciliation Derecognition And Remeasurement Of Deferred Taxes IncomeTaxReconciliationDerecognitionAndRemeasurementOfDeferredTaxes	0	usd
CY2022	pk	Income Tax Reconciliation Derecognition And Remeasurement Of Deferred Taxes IncomeTaxReconciliationDerecognitionAndRemeasurementOfDeferredTaxes	2000000	usd
CY2021	pk	Income Tax Reconciliation Derecognition And Remeasurement Of Deferred Taxes IncomeTaxReconciliationDerecognitionAndRemeasurementOfDeferredTaxes	1000000	usd
CY2023	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	2000000	usd
CY2022	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	0	usd
CY2021	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	3000000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	38000000	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2000000	usd
CY2023Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	1000000	usd
CY2022Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	0	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	24000000	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	9000000	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	23000000	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	9000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	49000000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	53000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Deferred Income DeferredTaxAssetsDeferredIncome	0	usd
CY2022Q4	us-gaap	Deferred Tax Assets Deferred Income DeferredTaxAssetsDeferredIncome	4000000	usd
CY2023Q4	pk	Deferred Tax Assets Investments In Subsidiaries And Equity Method Investments DeferredTaxAssetsInvestmentsInSubsidiariesAndEquityMethodInvestments	5000000	usd
CY2022Q4	pk	Deferred Tax Assets Investments In Subsidiaries And Equity Method Investments DeferredTaxAssetsInvestmentsInSubsidiariesAndEquityMethodInvestments	3000000	usd
CY2023Q4	pk	Deferred Tax Assets Interest Expense Limitation DeferredTaxAssetsInterestExpenseLimitation	4000000	usd
CY2022Q4	pk	Deferred Tax Assets Interest Expense Limitation DeferredTaxAssetsInterestExpenseLimitation	0	usd
CY2023Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	7000000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	6000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	65000000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	66000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	59000000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	59000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	6000000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	7000000	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	16000000	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	3000000	usd
CY2023Q4	pk	Deferred Tax Liabilities Investments In Subsidiaries And Equity Method Investments DeferredTaxLiabilitiesInvestmentsInSubsidiariesAndEquityMethodInvestments	10000000	usd
CY2022Q4	pk	Deferred Tax Liabilities Investments In Subsidiaries And Equity Method Investments DeferredTaxLiabilitiesInvestmentsInSubsidiariesAndEquityMethodInvestments	9000000	usd
CY2023Q4	pk	Deferred Tax Liabilities Accrued Compensation DeferredTaxLiabilitiesAccruedCompensation	2000000	usd
CY2022Q4	pk	Deferred Tax Liabilities Accrued Compensation DeferredTaxLiabilitiesAccruedCompensation	4000000	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	1000000	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	0	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	29000000	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	16000000	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	23000000	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	9000000	usd
CY2023Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	673000000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	49000000	usd
CY2023Q4	pk	Operating Loss Carryforwards Not Subject To Expiration OperatingLossCarryforwardsNotSubjectToExpiration	267000000	usd
CY2023Q4	pk	Operating Loss Carryforwards Subject To Expiration OperatingLossCarryforwardsSubjectToExpiration	406000000	usd
CY2021	pk	Ordinary Dividends Distribution OrdinaryDividendsDistribution	0
CY2021	pk	Capital Gain Distributions CapitalGainDistributions	0
CY2023	pk	Ordinary Dividends Distribution OrdinaryDividendsDistribution	0.000000
CY2022	pk	Ordinary Dividends Distribution OrdinaryDividendsDistribution	0.000000
CY2023	pk	Capital Gain Distributions CapitalGainDistributions	2.150000
CY2022	pk	Capital Gain Distributions CapitalGainDistributions	0.280000
CY2023	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	18000000	usd
CY2022	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	17000000	usd
CY2021	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	19000000	usd
CY2023Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	20000000	usd
CY2023	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y7M6D
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	7000000	usd
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	7000000	usd
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	18000000	usd
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.480
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.575
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.600
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.043
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.017
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P3Y
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P3Y
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P3Y
CY2023	us-gaap	Net Income Loss NetIncomeLoss	97000000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	162000000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-459000000	usd
CY2023	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	2000000	usd
CY2022	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	0	usd
CY2021	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	0	usd
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	95000000	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	162000000	usd
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-459000000	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	214000000	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	228000000	shares
CY2023	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	15000000	usd
CY2022	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	13000000	usd
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-5000000	usd
CY2023	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	221000000	usd
CY2022	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
CY2021	us-gaap	Deconsolidation Gain Or Loss Amount DeconsolidationGainOrLossAmount	0	usd
CY2023	us-gaap	Investment Income Interest InvestmentIncomeInterest	38000000	usd
CY2022	us-gaap	Investment Income Interest InvestmentIncomeInterest	13000000	usd
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	236000000	shares
CY2023	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	1000000	shares
CY2022	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	0	shares
CY2021	us-gaap	Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends	0	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	215000000	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	228000000	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	236000000	shares
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.44
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.71
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.95
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.44
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.71
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.95
CY2023	pk	Number Of Operating Hotels Under Franchise Agreements NumberOfOperatingHotelsUnderFranchiseAgreements	4	hotel
CY2023	us-gaap	Marketing Expense MarketingExpense	47000000	usd
CY2022	us-gaap	Marketing Expense MarketingExpense	45000000	usd
CY2021	us-gaap	Marketing Expense MarketingExpense	26000000	usd
CY2023	pk	Employee Cost Reimbursements EmployeeCostReimbursements	132000000	usd
CY2022	pk	Employee Cost Reimbursements EmployeeCostReimbursements	117000000	usd
CY2021	pk	Employee Cost Reimbursements EmployeeCostReimbursements	55000000	usd
CY2023	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2698000000	usd
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2501000000	usd
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1362000000	usd
CY2023	us-gaap	Profit Loss ProfitLoss	106000000	usd
CY2022	us-gaap	Profit Loss ProfitLoss	173000000	usd
CY2021	us-gaap	Profit Loss ProfitLoss	-452000000	usd
CY2023	us-gaap	Depreciation And Amortization DepreciationAndAmortization	287000000	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	269000000	usd
CY2021	us-gaap	Depreciation And Amortization DepreciationAndAmortization	281000000	usd
CY2023	pk	Corporate General And Administrative Expenses Excluding Severance CorporateGeneralAndAdministrativeExpensesExcludingSeverance	65000000	usd
CY2022	pk	Corporate General And Administrative Expenses Excluding Severance CorporateGeneralAndAdministrativeExpensesExcludingSeverance	63000000	usd
CY2021	pk	Corporate General And Administrative Expenses Excluding Severance CorporateGeneralAndAdministrativeExpensesExcludingSeverance	62000000	usd
CY2023	pk	Impairment And Casualty Loss ImpairmentAndCasualtyLoss	204000000	usd
CY2022	pk	Impairment And Casualty Loss ImpairmentAndCasualtyLoss	6000000	usd
CY2021	pk	Impairment And Casualty Loss ImpairmentAndCasualtyLoss	9000000	usd
CY2023	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	83000000	usd
CY2022	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	72000000	usd
CY2021	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	49000000	usd
CY2021	us-gaap	Investment Income Interest InvestmentIncomeInterest	1000000	usd
CY2023	us-gaap	Interest Expense InterestExpense	207000000	usd
CY2022	us-gaap	Interest Expense InterestExpense	217000000	usd
CY2021	us-gaap	Interest Expense InterestExpense	228000000	usd
CY2023	pk	Interest Expense Debt Of Assets In Receivership InterestExpenseDebtOfAssetsInReceivership	45000000	usd
CY2022	pk	Interest Expense Debt Of Assets In Receivership InterestExpenseDebtOfAssetsInReceivership	30000000	usd
CY2021	pk	Interest Expense Debt Of Assets In Receivership InterestExpenseDebtOfAssetsInReceivership	30000000	usd
CY2023	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	11000000	usd
CY2022	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	15000000	usd
CY2021	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-7000000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	38000000	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2000000	usd
CY2023	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	4000000	usd
CY2022	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	96000000	usd
CY2021	us-gaap	Other Nonoperating Gains Losses OtherNonoperatingGainsLosses	-7000000	usd
CY2023	pk	Other Items OtherItems	25000000	usd
CY2022	pk	Other Items OtherItems	12000000	usd
CY2021	pk	Other Items OtherItems	1000000	usd
CY2023	pk	Adjusted Ebitda AdjustedEbitda	686000000	usd
CY2022	pk	Adjusted Ebitda AdjustedEbitda	630000000	usd
CY2021	pk	Adjusted Ebitda AdjustedEbitda	177000000	usd
CY2023Q4	us-gaap	Purchase Commitment Remaining Minimum Amount Committed PurchaseCommitmentRemainingMinimumAmountCommitted	90000000	usd
CY2023Q4	us-gaap	Litigation Reserve LitigationReserve	8000000	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	215000000	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	245000000	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	242000000	usd
CY2023	us-gaap	Income Taxes Paid IncomeTaxesPaid	7000000	usd
CY2022	us-gaap	Income Taxes Paid IncomeTaxesPaid	7000000	usd
CY2021	us-gaap	Income Taxes Paid IncomeTaxesPaid	31000000	usd
CY2023	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	37000000	usd
CY2022	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	33000000	usd
CY2021	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	11000000	usd
CY2023Q4	pk	Dividends Payable Excluding Performance Shares DividendsPayableExcludingPerformanceShares	355000000	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	56000000	usd
CY2023Q4	srt	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	1660000000	usd
CY2023Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Land RealEstateAndAccumulatedDepreciationInitialCostOfLand	3095000000	usd
CY2023Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	5142000000	usd
CY2023Q4	pk	Sec Schedule1228 Real Estate Companies Investment In Real Estate And Accumulated Depreciation Initial Cost Of Furniture Fixtures And Equipment SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAndAccumulatedDepreciationInitialCostOfFurnitureFixturesAndEquipment	361000000	usd
CY2023Q4	us-gaap	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts	1475000000	usd
CY2023Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Land RealEstateAndAccumulatedDepreciationCarryingAmountOfLand	2990000000	usd
CY2023Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements	6151000000	usd
CY2023Q4	pk	Sec Schedule1228 Real Estate Companies Investment In Real Estate And Accumulated Depreciation Furniture Fixtures And Equipment Amount SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAndAccumulatedDepreciationFurnitureFixturesAndEquipmentAmount	934000000	usd
CY2023Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	10075000000	usd
CY2023Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2620000000	usd
CY2022Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	11008000000	usd
CY2021Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	11010000000	usd
CY2020Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	11376000000	usd
CY2023	pk	Sec Schedule1228 Real Estate Companies Investment In Real Estate Capital Expenditures SECSchedule1228RealEstateCompaniesInvestmentInRealEstateCapitalExpenditures	307000000	usd
CY2022	pk	Sec Schedule1228 Real Estate Companies Investment In Real Estate Capital Expenditures SECSchedule1228RealEstateCompaniesInvestmentInRealEstateCapitalExpenditures	188000000	usd
CY2021	pk	Sec Schedule1228 Real Estate Companies Investment In Real Estate Capital Expenditures SECSchedule1228RealEstateCompaniesInvestmentInRealEstateCapitalExpenditures	62000000	usd
CY2023	us-gaap	Real Estate Other Additions RealEstateOtherAdditions	0	usd
CY2022	us-gaap	Real Estate Other Additions RealEstateOtherAdditions	0	usd
CY2021	us-gaap	Real Estate Other Additions RealEstateOtherAdditions	83000000	usd
CY2023	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	199000000	usd
CY2022	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	190000000	usd
CY2021	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	511000000	usd
CY2023	us-gaap	Real Estate Other Deductions RealEstateOtherDeductions	1041000000	usd
CY2022	us-gaap	Real Estate Other Deductions RealEstateOtherDeductions	0	usd
CY2021	us-gaap	Real Estate Other Deductions RealEstateOtherDeductions	0	usd
CY2023Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	10075000000	usd
CY2022Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	11008000000	usd
CY2021Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	11010000000	usd
CY2021	pk	Number Of Hotels Transitioned To Third Party Management NumberOfHotelsTransitionedToThirdPartyManagement	4	hotel
CY2022Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2712000000	usd
CY2021Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2504000000	usd
CY2020Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2241000000	usd
CY2023	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	254000000	usd
CY2022	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	267000000	usd
CY2021	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	280000000	usd
CY2023	us-gaap	Real Estate Accumulated Depreciation Other Additions RealEstateAccumulatedDepreciationOtherAdditions	0	usd
CY2022	us-gaap	Real Estate Accumulated Depreciation Other Additions RealEstateAccumulatedDepreciationOtherAdditions	0	usd
CY2021	us-gaap	Real Estate Accumulated Depreciation Other Additions RealEstateAccumulatedDepreciationOtherAdditions	30000000	usd
CY2023	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	68000000	usd
CY2022	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	59000000	usd
CY2021	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	47000000	usd
CY2023	us-gaap	Real Estate Accumulated Depreciation Other Deductions RealEstateAccumulatedDepreciationOtherDeductions	278000000	usd
CY2022	us-gaap	Real Estate Accumulated Depreciation Other Deductions RealEstateAccumulatedDepreciationOtherDeductions	0	usd
CY2021	us-gaap	Real Estate Accumulated Depreciation Other Deductions RealEstateAccumulatedDepreciationOtherDeductions	0	usd
CY2023Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2620000000	usd
CY2022Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2712000000	usd
CY2021Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	2504000000	usd
CY2021	pk	Number Of Hotels Transitioned To Third Party Management NumberOfHotelsTransitionedToThirdPartyManagement	4	hotel
CY2023Q4	srt	Real Estate Federal Income Tax Basis RealEstateFederalIncomeTaxBasis	5662000000	usd

Files In Submission

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$PK
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2024 Q1 Form 10-K Financial Statement

#000161740624000018 Filed on February 28, 2024

Income Statement

Balance Sheet

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Facts In Submission

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$PK Park Hotels & Resorts Inc. Stock $pk

2024 Q1 Form 10-K Financial Statement

#000161740624000018 Filed on February 28, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PK
Park Hotels & Resorts Inc. Stock $pk