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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net income $ 172,848 $ 207,899
Amounts to reconcile net income to net cash flows provided by operating activities:    
Provision for deferred income taxes 5,079 10,715
Depreciation and amortization 203,882 174,806
Amortization of deferred financing costs 8,762 7,995
(Income) loss from unconsolidated joint ventures 66 (224)
Equity-based compensation expense 10,777 10,724
Changes in:    
Trade receivables (3,083) 2,727
Accounts payable and accrued liabilities 36,242 20,102
Other assets and liabilities (8,611) (24,864)
Net cash flows provided by operating activities 425,962 409,880
Cash Flows from Investing Activities:    
Purchases of property and equipment (252,103) (317,323)
Collection of notes receivable 4,385 4,060
Other investing activities, net (18,121) (161)
Net cash flows used in investing activities (1,127,797) (313,424)
Cash Flows from Financing Activities:    
Issuance of senior notes 625,000 1,000,000
Deferred financing costs paid (13,064) (23,134)
Issuance of common stock, net 275,532  
Payment of distributions (212,641) (199,759)
Payment of tax withholdings for share-based compensation (5,537) (12,131)
Other financing activities, net (185) (64)
Net cash flows provided by (used in) financing activities 642,162 (225,966)
Net change in cash, cash equivalents, and restricted cash (59,673) (129,510)
Cash, cash equivalents, and restricted cash, beginning of period 576,228 700,441
Cash, cash equivalents, and restricted cash, end of period 516,555 570,931
JW Marriott Desert Ridge [Member]    
Cash Flows from Investing Activities:    
Purchase of business, net of cash acquired (861,958)  
$80M OEG Revolver [Member]    
Cash Flows from Financing Activities:    
Borrowings under revolving credit facility 5,000 43,000
Repayments under revolving credit facility (26,000) (32,000)
OEG Term Loan [Member]    
Cash Flows from Financing Activities:    
Borrowings under term loan 128,128 299,250
Repayments under term loan (2,903) (296,250)
$500 Million Term Loan B [Member]    
Cash Flows from Financing Activities:    
Borrowings under term loan   18,861
Repayments under term loan (2,201) (221,586)
Block 21 CMBS Loan [Member]    
Cash Flows from Financing Activities:    
Repayments under loan $ (128,967) (2,153)
$800M Gaylord Rockies Term Loan [Member]    
Cash Flows from Financing Activities:    
Repayments under term loan   $ (800,000)