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JW MARRIOTT DESERT RIDGE TRANSACTION - Net Assets Acquired (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Jun. 10, 2025
Dec. 31, 2024
Sep. 30, 2024
Net assets acquired        
Property and equipment $ 4,932,998   $ 4,124,382  
Cash and cash equivalents - unrestricted 483,330   477,694 $ 534,931
Cash and cash equivalents - restricted 33,225   98,534 $ 36,000
Trade receivables 111,147   94,184  
Prepaid expenses and other assets 227,733   178,091  
Total assets 6,196,645   5,217,573  
Accounts payable and accrued liabilities (540,790)   (466,571)  
Total liabilities assumed $ (4,986,515)   $ (4,282,991)  
JW Marriott Desert Ridge        
Net assets acquired        
Property and equipment   $ 747,377    
Cash and cash equivalents - unrestricted   5,891    
Cash and cash equivalents - restricted   1,661    
Trade receivables   14,426    
Prepaid expenses and other assets   3,547    
Intangible assets   114,875    
Total assets   887,777    
Accounts payable and accrued liabilities   (18,267)    
Total liabilities assumed   (18,267)    
Net assets acquired   $ 869,510