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Equity (Details) - USD ($)
$ / shares in Units, $ in Thousands
 2 Months Ended 12 Months Ended
Feb. 26, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Apr. 26, 2024
May 05, 2011
Equity            
Total authorized for issuance number of common shares of beneficial interest (in shares)   450,000,000 450,000,000     450,000,000
Number of shares acquired as part of a share repurchase program (in shares)   2,300,000 7,500,000 4,900,000    
Shares acquired as part of a share repurchase program   $ 21,998 $ 75,976 $ 57,639    
Common stock, dividends, per share   $ 0.50 $ 0.36 $ 0.12    
Total authorized for issuance number of preferred shares of beneficial interest (in shares)   50,000,000 50,000,000     50,000,000
Preferred Stock, Convertible, Conversion Ratio   28.06%        
Number of OP units outstanding (in shares)   154,067,408        
Partner's ownership interest in the Operating Partnership   99.50%        
Limited Partners            
Equity            
Partner's ownership interest in the Operating Partnership   0.50%        
Number of OP units outstanding (in shares)   771,831        
The Knickerbocker New York            
Equity            
Noncontrolling ownership interest of third party   5.00%        
Series A Cumulative Preferred Stock            
Equity            
Total authorized for issuance number of preferred shares of beneficial interest (in shares)   12,950,000 12,950,000      
Preferred stock, dividends per share, declared   $ 1.95 $ 1.95 $ 1.95    
Subsequent Event            
Equity            
Number of shares acquired as part of a share repurchase program (in shares) 1,200,000          
Shares acquired as part of a share repurchase program $ 12,000          
2023 Share Repurchase Program            
Equity            
Shares acquired as part of a share repurchase program   $ 1,300        
2024 Share Repurchase Program            
Equity            
Share repurchase program, authorized amount         $ 250,000  
Shares acquired as part of a share repurchase program   $ 20,700        
2024 Share Repurchase Program | Subsequent Event            
Equity            
Remaining authorized repurchase amount $ 217,300