XML 106 R68.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Mortgage Debt Issuances and Repayments (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified
 1 Months Ended 12 Months Ended
Dec. 30, 2010
Dec. 31, 2010
W New York Union Square | Repayment of Debt
    
Debt Disclosure [Line Items]    
Mortgage debt prepayments and scheduled maturities   $ 119 [1]
Extended maturity date   Oct. 11, 2011 [1]
Orlando World Center Marriott Resort Convention Center | Repayment of Debt
    
Debt Disclosure [Line Items]    
Face principal of mortgage debt 300  
Mortgage debt prepayments and scheduled maturities 54 54 [2]
Debt interest rate 4.75%  
Extended maturity date Jul. 01, 2013 Dec. 30, 2010 [2]
Debt principal outstanding 246  
W New York Union Square
    
Debt Disclosure [Line Items]    
Face principal of mortgage debt   $ 115
Le Meridien Piccadilly
    
Debt Disclosure [Line Items]    
Basis points over LIBOR   1.18%
JW Marriott Washington, DC
    
Debt Disclosure [Line Items]    
Basis points over LIBOR   6.00%
LIBOR rate floor   1.50%
LIBOR rate ceiling   3.00%
[1] The amount shown reflects our recorded book value of the mortgage debt on the date of acquisition and defeasance, respectively. The face principal of the mortgage debt assumed was $115 million. We defeased this loan on October 19, 2010, which released us from obligations under the mortgage.
[2] On December 17, 2010, we entered into an amendment under the $300 million mortgage loan secured by the Orlando World Center Marriott. As a result of the amendment, we repaid $54 million of the outstanding principal on December 30, 2010 and extended the maturity of the loan to July 1, 2013. We implemented a fixed annual interest rate of 4.75% on the remaining $246 million outstanding.