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Debt - Narrative (Details) |  |  |  |  | 1 Months Ended | 3 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Nov. 01, 2024 USD ($) extension | Oct. 03, 2024 USD ($) | Jan. 03, 2024 USD ($) | Sep. 07, 2023 USD ($) extension | Feb. 28, 2021 USD ($) | Dec. 31, 2020 USD ($) | Sep. 30, 2024 USD ($) $ / shares | Sep. 30, 2024 USD ($) extensionOption $ / shares | Sep. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) | Oct. 13, 2022 USD ($) debtInstrument | Dec. 01, 2021 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long term debt |  |  |  |  |  |  |  | $ 111,377,000 | $ 162,988,000 |  |  |
Debt |  |  |  |  |  |  | $ 2,218,520,000 | 2,218,520,000 |  | $ 2,329,897,000 |  |
Letters of credit outstanding |  |  |  |  |  |  | $ 13,700,000 | $ 13,700,000 |  | 13,600,000 |  |
Election period, prior to maturity date |  |  |  |  |  |  |  | 2 days |  |  |  |
Redemption price to principal amount, percentage |  |  |  |  |  |  | 1 | 1 |  |  |  |
Convertible debt, conversion ratio |  |  |  |  |  |  | 0.0392549 |  |  |  |  |
Interest Rate Swaps |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Expected reclassifications in next 12 months |  |  |  |  |  |  | $ 10,500,000 | $ 10,500,000 |  |  |  |
Derivative instruments, asset position, fair value |  |  |  |  |  |  | 11,300,000 | 11,300,000 |  |  |  |
Unsecured term loans | Subsequent Event |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long term debt |  | $ 353,300,000 |  |  |  |  |  |  |  |  |  |
Convertible senior notes |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt issued |  |  |  |  | $ 250,000,000 | $ 500,000,000.0 |  |  |  |  |  |
Debt |  |  |  |  |  |  | $ 750,000,000 | $ 750,000,000 |  | 750,000,000 |  |
Stated interest rate |  |  |  |  |  | 1.75% | 1.75% | 1.75% |  |  |  |
Proceeds from debt, net of issuance costs |  |  |  |  | $ 257,200,000 | $ 487,300,000 |  |  |  |  |  |
Premium to par percentage |  |  |  |  | 5.50% |  |  |  |  |  |  |
Debt issuance costs |  |  |  |  | $ 6,500,000 |  |  |  |  |  |  |
Premium received |  |  |  |  | $ 13,800,000 |  |  |  |  |  |  |
Convertible debt, conversion price (in usd per share) | $ / shares |  |  |  |  |  |  | $ 25.47 | $ 25.47 |  |  |  |
Capped call transaction, upper strike price (in usd per share) | $ / shares |  |  |  |  |  |  | $ 33.0225 | $ 33.0225 |  |  |  |
Senior unsecured notes |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  | $ 2,400,000 | $ 2,400,000 |  | 2,400,000 |  |
Stated interest rate |  |  |  |  |  |  | 4.93% | 4.93% |  |  |  |
Senior unsecured notes | Subsequent Event |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt issued |  | $ 400,000,000 |  |  |  |  |  |  |  |  |  |
Stated interest rate |  | 6.375% |  |  |  |  |  |  |  |  |  |
Proceeds from debt, net of issuance costs |  | $ 390,000,000 |  |  |  |  |  |  |  |  |  |
Mortgage loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  | $ 196,120,000 | $ 196,120,000 |  | 197,497,000 |  |
Mortgage loans | Margaritaville |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt |  |  |  | $ 140,000,000.0 |  |  |  |  |  |  |  |
Debt instrument , number of extensions | extension |  |  |  | 2 |  |  |  |  |  |  |  |
Extension term |  |  |  | 1 year |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 3.75% |  |  |  |  |  |  |  |
Debt instrument, term |  |  |  | 1 year |  |  |  |  |  |  |  |
Mortgage loans | Estancia La Jolla Hotel & Spa |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  | $ 56,120,000 | $ 56,120,000 |  | 57,497,000 |  | $ 61,700,000
Stated interest rate |  |  |  |  |  |  | 5.07% | 5.07% |  |  |  |
Term Loan 2024 | Unsecured term loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt |  |  | $ 43,300,000 |  |  |  |  |  |  |  |  |
Term Loan 2024 | Unsecured term loans | Subsequent Event |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt |  | 43,300,000 |  |  |  |  |  |  |  |  |  |
Term Loan 2025 | Unsecured term loans | Subsequent Event |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt |  | 210,000,000 |  |  |  |  |  |  |  |  |  |
Term Loan 2027 | Unsecured term loans | Subsequent Event |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt |  | $ 100,000,000 |  |  |  |  |  |  |  |  |  |
Fixed Rate Debt |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Estimated fair value of debt |  |  |  |  |  |  | $ 711,000,000 | $ 711,000,000 |  | 686,300,000 |  |
Revolving credit facilities | Unsecured term loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  | 0 | 0 |  | 0 |  |
Revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  |  | 650,000,000.0 | 650,000,000.0 |  |  | $ 650,000,000 |
Maximum borrowing capacity potential increase (up to) |  |  |  |  |  |  |  |  |  |  | 970,000,000 |
Debt |  |  |  |  |  |  | 0 | $ 0 |  | 0 |  |
Extension term |  |  |  |  |  |  |  | 6 months |  |  |  |
Number of extension periods | extensionOption |  |  |  |  |  |  |  | 2 |  |  |  |
Remaining borrowing capacity |  |  |  |  |  |  | $ 636,300,000 | $ 636,300,000 |  |  |  |
Stated interest rate |  |  |  |  |  |  | 0.00% | 0.00% |  |  |  |
Revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans | Subsequent Event |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity | $ 602,000,000 |  |  |  |  |  |  |  |  |  |  |
Debt instrument , number of extensions | extension | 2 |  |  |  |  |  |  |  |  |  |  |
Extension term | 6 months |  |  |  |  |  |  |  |  |  |  |
Revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans | Minimum |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Commitment fee percentage |  |  |  |  |  |  |  | 0.20% |  |  |  |
Revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans | Maximum |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Commitment fee percentage |  |  |  |  |  |  |  | 0.30% |  |  |  |
Revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans | Base Rate | Minimum |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  | 0.45% |  |  |  |
Revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans | Base Rate | Maximum |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  | 1.50% |  |  |  |
Revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans | Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
SOFR adjustment |  |  |  |  |  |  |  | 0.10% |  |  |  |
Revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans | Secured Overnight Financing Rate (SOFR) | Minimum |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  | 1.45% |  |  |  |
Revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans | Secured Overnight Financing Rate (SOFR) | Maximum |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  | 2.50% |  |  |  |
Revolving credit facilities | PHL unsecured credit facility | Unsecured term loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  |  | $ 20,000,000.0 | $ 20,000,000.0 |  |  |  |
Debt |  |  |  |  |  |  | 0 | 0 |  | 0 |  |
Remaining borrowing capacity |  |  |  |  |  |  | $ 20,000,000.0 | $ 20,000,000.0 |  |  |  |
Stated interest rate |  |  |  |  |  |  | 0.00% | 0.00% |  |  |  |
Unsecured term loans | Unsecured term loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt issued |  |  |  |  |  |  |  |  |  |  | $ 1,380,000,000 |
Unsecured term loans | Unsecured term loans | Base Rate | Minimum |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  | 0.40% |  |  |  |
Unsecured term loans | Unsecured term loans | Base Rate | Maximum |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  | 1.45% |  |  |  |
Unsecured term loans | Unsecured term loans | Secured Overnight Financing Rate (SOFR) | Minimum |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  | 1.40% |  |  |  |
Unsecured term loans | Unsecured term loans | Secured Overnight Financing Rate (SOFR) | Maximum |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  |  |  |  |  | 2.45% |  |  |  |
Unsecured term loans | Three Term Loans Maturing in October 2024, 2025 and 2027 | Unsecured term loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt instrument, number of instruments | debtInstrument |  |  |  |  |  |  |  |  |  |  | 3 |
Debt issued |  |  |  |  |  |  |  |  |  |  | $ 460,000,000 |
Unsecured term loans | Term Loan 2024 | Unsecured term loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long term debt |  |  | 60,000,000 |  |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  | $ 43,348,000 | $ 43,348,000 |  | 460,000,000 |  |
Stated interest rate |  |  |  |  |  |  | 7.05% | 7.05% |  |  |  |
Unsecured term loans | Term Loan 2025 | Unsecured term loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Repayments of long term debt |  |  | 50,000,000 |  |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  | $ 410,000,000 | $ 410,000,000 |  | 460,000,000 |  |
Stated interest rate |  |  |  |  |  |  | 4.40% | 4.40% |  |  |  |
Unsecured term loans | Term Loan 2027 | Unsecured term loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  | $ 460,000,000 | $ 460,000,000 |  | 460,000,000 |  |
Stated interest rate |  |  |  |  |  |  | 5.23% | 5.23% |  |  |  |
Unsecured term loans | Term Loan 2028 | Unsecured term loans |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt issued |  |  | $ 356,700,000 |  |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  | $ 356,652,000 | $ 356,652,000 |  | $ 0 |  |
Stated interest rate |  |  |  |  |  |  | 7.05% | 7.05% |  |  |  |
Unsecured term loans | Term Loan 2029 | Unsecured term loans | Subsequent Event |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Debt issued | $ 185,200,000 |  |  |  |  |  |  |  |  |  |  |
Letters of Credit |  |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  |  |  |  | $ 30,000,000.0 | $ 30,000,000.0 |  |  |  |

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