Debt - Narrative (Details)						1 Months Ended	9 Months Ended
	Sep. 18, 2025 USD ($)	Nov. 01, 2024 USD ($) extension	Oct. 03, 2024 USD ($)	Jan. 03, 2024 USD ($)	Sep. 07, 2023 USD ($) extension	Oct. 31, 2025 USD ($)	Sep. 30, 2025 USD ($) extensionOption $ / shares	Sep. 30, 2024 USD ($)	Dec. 31, 2024 USD ($)	Oct. 13, 2022 USD ($) debtInstrument	Dec. 01, 2021 USD ($)
Line of Credit Facility [Line Items]
Debt							$ 2,262,819,000		$ 2,264,465,000
Repayments of long term debt							393,646,000	$ 111,377,000
Gain on extinguishment of debt							7,385,000	$ 0
Letters of credit outstanding							7,900,000		7,400,000
Interest Rate Swaps
Line of Credit Facility [Line Items]
Derivative instruments, asset position, fair value							4,100,000		16,600,000
Derivative instruments, liability position, fair value							600,000		0
Expected reclassifications in next 12 months							4,400,000
Subsequent Event | Interest Rate Swaps
Line of Credit Facility [Line Items]
Notional value						$ 200,000,000
Unsecured term loans
Line of Credit Facility [Line Items]
Repayments of long term debt			$ 353,300,000
Senior notes
Line of Credit Facility [Line Items]
Debt							402,400,000		402,400,000
Convertible senior notes
Line of Credit Facility [Line Items]
Debt							750,000,000		750,000,000
Convertible senior notes | Subsequent Event
Line of Credit Facility [Line Items]
Aggregate principal amount of the capped calls unwound						$ 550,000,000
Mortgage loans
Line of Credit Facility [Line Items]
Debt							$ 193,767,000		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							$ 53,767,000		55,413,000
Stated interest rate							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
Senior Notes 2029 | Senior notes
Line of Credit Facility [Line Items]
Debt issued			$ 400,000,000
Debt							$ 400,000,000		400,000,000
Stated interest rate			6.375%				6.375%
Proceeds from debt, net of issuance costs			$ 390,000,000
Unsecured indebtedness, percentage							1.50
Term Loan 2027 | Unsecured term loans
Line of Credit Facility [Line Items]
Repayments of long term debt			$ 100,000,000
Convertible Notes 2030 | Convertible senior notes
Line of Credit Facility [Line Items]
Debt issued	$ 400,000,000.0
Debt							$ 400,000,000		0
Stated interest rate	1.625%						1.625%
Proceeds from debt, net of issuance costs	$ 390,200,000
Unamortized issuance costs							$ 10,300,000
Election period, prior to maturity date							2 days
Convertible debt, conversion ratio							0.0629129
Convertible debt, conversion price (in usd per share) | $ / shares							$ 15.89
Redemption price percentage							100.00%
Capped call transaction, upper strike price (in usd per share) | $ / shares							$ 20.23
Convertible Notes 2026 | Convertible senior notes
Line of Credit Facility [Line Items]
Debt issued	400,000,000						$ 350,000,000.0
Debt							$ 350,000,000		750,000,000
Repayments of long term debt	$ 392,000,000
Stated interest rate	1.75%						1.75%
Gain on extinguishment of debt	$ 7,400,000
Unamortized issuance costs							$ 500,000
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
Redemption price percentage							100.00%
Capped call transaction, upper strike price (in usd per share) | $ / shares							$ 33.0225
Series B Notes | Senior notes
Line of Credit Facility [Line Items]
Debt							$ 2,400,000		2,400,000
Stated interest rate							4.93%
Fixed Rate Debt
Line of Credit Facility [Line Items]
Estimated fair value of debt							$ 1,200,000,000		1,100,000,000
Unsecured revolving credit facilities | Unsecured term loans
Line of Credit Facility [Line Items]
Debt							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
Maximum borrowing capacity potential increase (up to)										970,000,000
Debt							0		0
Remaining borrowing capacity							$ 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					$ 602,000,000.0
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							$ 48,000,000.0
Unsecured revolving credit facilities | PHL unsecured credit facility | Unsecured term loans
Line of Credit Facility [Line Items]
Maximum borrowing capacity							20,000,000.0
Debt							0		0
Remaining borrowing capacity							$ 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
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
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
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
Letters of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity							$ 30,000,000.0