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Debt - Narrative (Details)
 1 Months Ended 3 Months Ended 6 Months Ended
Nov. 01, 2024
USD ($)
extension
Oct. 03, 2024
USD ($)
Jan. 03, 2024
USD ($)
Sep. 07, 2023
USD ($)
extension
Feb. 28, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2025
USD ($)
$ / shares
Jun. 30, 2025
USD ($)
extensionOption
$ / shares
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Oct. 13, 2022
USD ($)
debtInstrument
Dec. 01, 2021
USD ($)
Line of Credit Facility [Line Items]                        
Debt             $ 2,263,367,000 $ 2,263,367,000   $ 2,264,465,000    
Repayments of long term debt               1,098,000 $ 110,859,000      
Letters of credit outstanding             7,900,000 7,900,000   7,400,000    
Interest Rate Swaps                        
Line of Credit Facility [Line Items]                        
Derivative instruments, asset position, fair value             7,400,000 7,400,000   16,600,000    
Derivative instruments, liability position, fair value             500,000 500,000   0    
Expected reclassifications in next 12 months             8,100,000 8,100,000        
Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Repayments of long term debt   $ 353,300,000                    
Unsecured senior notes                        
Line of Credit Facility [Line Items]                        
Debt             402,400,000 402,400,000   402,400,000    
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              
Election period, prior to maturity date               2 days        
Convertible debt, conversion ratio             0.0392549          
Convertible debt, conversion price (in usd per share) | $ / shares             $ 25.47 $ 25.47        
Redemption price to principal amount, percentage             1 1        
Capped call transaction, upper strike price (in usd per share) | $ / shares             $ 33.0225 $ 33.0225        
Mortgage loans                        
Line of Credit Facility [Line Items]                        
Debt             $ 194,315,000 $ 194,315,000   195,413,000    
Mortgage loans | Margaritaville                        
Line of Credit Facility [Line Items]                        
Debt issued       $ 140,000,000.0                
Number of extensions | extension       2                
Extension term       1 year                
Basis spread on variable rate       3.75%       3.75%        
Mortgage loans | Estancia La Jolla Hotel & Spa                        
Line of Credit Facility [Line Items]                        
Debt issued                       $ 61,700,000
Debt             $ 54,315,000 $ 54,315,000   55,413,000    
Stated interest rate             5.07% 5.07%       5.07%
Term Loan 2024 | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Repayments of long term debt   43,300,000                    
Term Loan 2025 | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Repayments of long term debt   210,000,000                    
Term Loan 2027 | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Repayments of long term debt   100,000,000                    
Series B Notes | Unsecured senior 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 Notes 2029 | Unsecured senior notes                        
Line of Credit Facility [Line Items]                        
Debt issued   $ 400,000,000                    
Debt             $ 400,000,000 $ 400,000,000   400,000,000    
Stated interest rate   6.375%         6.375% 6.375%        
Proceeds from debt, net of issuance costs   $ 390,000,000                    
Unsecured indebtedness, percentage             1.50 1.50        
Fixed Rate Debt                        
Line of Credit Facility [Line Items]                        
Estimated fair value of debt             $ 1,200,000,000 $ 1,200,000,000   1,100,000,000    
Unsecured revolving credit facilities | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Debt             0 0   0    
Unsecured 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    
Remaining borrowing capacity             642,100,000 $ 642,100,000        
Unsecured revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans | Minimum                        
Line of Credit Facility [Line Items]                        
Commitment fee percentage               0.20%        
Unsecured revolving credit facilities | Senior Unsecured Revolving Credit Facility | Unsecured term loans | Maximum                        
Line of Credit Facility [Line Items]                        
Commitment fee percentage               0.30%        
Unsecured 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%        
Unsecured 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%        
Unsecured 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%        
Unsecured 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%        
Unsecured 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%        
Unsecured revolving credit facilities | Senior Unsecured Revolving Credit Facility Due October 2028 | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Maximum borrowing capacity $ 602,000,000           602,000,000 $ 602,000,000        
Number of extensions 2             2        
Extension term 6 months             6 months        
Unsecured revolving credit facilities | Senior Unsecured Revolving Credit Facility Due October 2026 | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Maximum borrowing capacity             48,000,000 $ 48,000,000        
Unsecured 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        
Unsecured term loans | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Debt issued                     $ 1,380,000,000  
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 | 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 | 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 2028 | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Debt     $ 356,700,000       356,652,000 $ 356,652,000   356,652,000    
Unsecured term loans | Term Loan 2024 | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Repayments of long term debt     60,000,000                  
Unsecured term loans | Term Loan 2025 | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Debt             14,783,000 14,783,000   14,783,000    
Repayments of long term debt     $ 50,000,000                  
Unsecured term loans | Term Loan 2027 | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Debt             360,000,000 360,000,000   360,000,000    
Unsecured term loans | Term Loan 2029 | Unsecured term loans                        
Line of Credit Facility [Line Items]                        
Debt $ 185,200,000           185,217,000 185,217,000   $ 185,217,000    
Letters of Credit                        
Line of Credit Facility [Line Items]                        
Maximum borrowing capacity             $ 30,000,000.0 $ 30,000,000.0