XML 49 R38.htm IDEA: XBRL DOCUMENT v3.24.2
Debt - Components of Debt (Details)
6 Months Ended
Jan. 03, 2024
USD ($)
Sep. 07, 2023
USD ($)
extension
Jun. 30, 2024
USD ($)
extensionOption
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Oct. 13, 2022
USD ($)
Dec. 01, 2021
USD ($)
Sep. 23, 2021
USD ($)
Feb. 28, 2021
USD ($)
Dec. 31, 2020
USD ($)
Debt Instrument [Line Items]                    
Debt     $ 2,219,038,000   $ 2,329,897,000          
Unamortized debt premiums, discount and deferred financing costs, net     (11,837,000)   (10,096,000)          
Debt, net     2,207,201,000   2,319,801,000          
Repayments of long term debt     110,859,000 $ 994,000            
Unsecured term loans | Term Loan 2024                    
Debt Instrument [Line Items]                    
Debt $ 43,300,000                  
Unsecured term loans | Revolving credit facilities                    
Debt Instrument [Line Items]                    
Debt     $ 0   0          
Unsecured term loans | Revolving credit facilities | Senior Unsecured Revolving Credit Facility                    
Debt Instrument [Line Items]                    
Interest Rate at June 30, 2024     0.00%              
Debt     $ 0   0          
Number of extension periods | extensionOption     2              
Extension term     6 months              
Unsecured term loans | Revolving credit facilities | PHL unsecured credit facility                    
Debt Instrument [Line Items]                    
Interest Rate at June 30, 2024     0.00%              
Debt     $ 0   0          
Unsecured term loans | Unsecured term loans                    
Debt Instrument [Line Items]                    
Debt, net     $ 1,270,000,000   1,380,000,000          
Debt issued           $ 1,380,000,000        
Unsecured term loans | Unsecured term loans | Term Loan 2024                    
Debt Instrument [Line Items]                    
Interest Rate at June 30, 2024     7.63%              
Debt     $ 43,348,000   460,000,000          
Repayments of long term debt 60,000,000                  
Unsecured term loans | Unsecured term loans | Term Loan 2025                    
Debt Instrument [Line Items]                    
Interest Rate at June 30, 2024     4.82%              
Debt     $ 410,000,000   460,000,000          
Repayments of long term debt 50,000,000                  
Unsecured term loans | Unsecured term loans | Term Loan 2027                    
Debt Instrument [Line Items]                    
Interest Rate at June 30, 2024     5.61%              
Debt     $ 460,000,000   460,000,000          
Unsecured term loans | Unsecured term loans | Term Loan 2028                    
Debt Instrument [Line Items]                    
Interest Rate at June 30, 2024     7.63%              
Debt     $ 356,652,000   0          
Debt issued $ 356,700,000                  
Convertible senior notes                    
Debt Instrument [Line Items]                    
Interest Rate at June 30, 2024     1.75%             1.75%
Debt     $ 750,000,000   750,000,000          
Debt issued                 $ 250,000,000 $ 500,000,000.0
Senior unsecured notes                    
Debt Instrument [Line Items]                    
Interest Rate at June 30, 2024     4.93%              
Debt     $ 2,400,000   2,400,000          
Mortgage loans                    
Debt Instrument [Line Items]                    
Debt     $ 196,638,000   197,497,000          
Mortgage loans | Margaritaville                    
Debt Instrument [Line Items]                    
Debt   $ 140,000,000.0                
Basis spread on variable rate   3.75%                
Debt instrument , number of extensions | extension   2                
Extension term   1 year                
Repayments of long term debt   $ 21,500,000                
Mortgage loans | Margaritaville Hollywood Beach Resort                    
Debt Instrument [Line Items]                    
Interest Rate at June 30, 2024     7.04%              
Debt     $ 140,000,000   140,000,000     $ 161,500,000    
Mortgage loans | Estancia La Jolla Hotel & Spa                    
Debt Instrument [Line Items]                    
Interest Rate at June 30, 2024     5.07%              
Debt     $ 56,638,000   $ 57,497,000   $ 61,700,000