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Debt - Narrative (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Jan. 03, 2024
USD ($)
Sep. 07, 2023
USD ($)
extension
Feb. 28, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2024
USD ($)
$ / shares
Jun. 30, 2024
USD ($)
extensionOption
$ / shares
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Oct. 13, 2022
USD ($)
debtInstrument
Dec. 01, 2021
USD ($)
Sep. 23, 2021
USD ($)
Line of Credit Facility [Line Items]                      
Repayments of long term debt           $ 110,859,000 $ 994,000        
Debt         $ 2,219,038,000 2,219,038,000   $ 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         $ 19,900,000 $ 19,900,000          
Derivative instruments, asset position, fair value         29,500,000 29,500,000          
Derivative instruments, liability position, fair value         0 0          
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%          
Mortgage loans                      
Line of Credit Facility [Line Items]                      
Debt         $ 196,638,000 $ 196,638,000   197,497,000      
Mortgage loans | Margaritaville                      
Line of Credit Facility [Line Items]                      
Repayments of long term debt   $ 21,500,000                  
Debt   $ 140,000,000.0                  
Extension term   1 year                  
Basis spread on variable rate   3.75%                  
Debt instrument , number of extensions | extension   2                  
Debt instrument, term   1 year                  
Mortgage loans | Margaritaville Hollywood Beach Resort                      
Line of Credit Facility [Line Items]                      
Debt         $ 140,000,000 $ 140,000,000   140,000,000     $ 161,500,000
Stated interest rate         7.04% 7.04%          
Mortgage loans | Estancia La Jolla Hotel & Spa                      
Line of Credit Facility [Line Items]                      
Debt         $ 56,638,000 $ 56,638,000   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                    
Fixed Rate Debt                      
Line of Credit Facility [Line Items]                      
Estimated fair value of debt         $ 691,600,000 $ 691,600,000   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      
Number of extension periods | extensionOption           2          
Extension term           6 months          
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 | 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         7.63% 7.63%          
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         4.82% 4.82%          
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         5.61% 5.61%          
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         7.63% 7.63%          
Letters of Credit                      
Line of Credit Facility [Line Items]                      
Maximum borrowing capacity         $ 30,000,000.0 $ 30,000,000.0