Debt - Narrative (Details)				1 Months Ended		3 Months Ended	12 Months Ended
	Sep. 18, 2025 USD ($)	Oct. 03, 2024 USD ($)	Sep. 07, 2023 USD ($) extension	Feb. 26, 2026 USD ($)	Oct. 31, 2025 USD ($)	Dec. 31, 2025 USD ($) $ / shares	Dec. 31, 2025 USD ($) extensionOption $ / shares	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Oct. 13, 2022 USD ($) debtInstrument	Dec. 01, 2021 USD ($)
Line of Credit Facility [Line Items]
Debt						$ 2,145,264,000	$ 2,145,264,000	$ 2,264,465,000
Letters of credit outstanding						7,900,000	7,900,000	7,400,000
Repayments of long term debt							511,201,000	465,432,000	$ 211,088,000
Gain on extinguishment of debt							6,472,000	0	$ 0
Interest rate swaps
Line of Credit Facility [Line Items]
Derivative instruments, asset position, fair value						700,000	700,000	16,600,000
Derivative instruments, liability position, fair value						900,000	900,000	0
Expected reclassifications in next 12 months						2,500,000	2,500,000
Convertible senior notes
Line of Credit Facility [Line Items]
Debt						750,000,000	750,000,000	750,000,000
Unsecured senior notes
Line of Credit Facility [Line Items]
Debt						400,000,000	400,000,000	402,400,000
Mortgage loans
Line of Credit Facility [Line Items]
Debt						93,395,000	$ 93,395,000	195,413,000
Mortgage loans | Margaritaville Hollywood Beach Resort
Line of Credit Facility [Line Items]
Number of extensions | extension			2
Extension term			1 year
Basis spread on variable rate			3.75%				3.75%
Debt						40,000,000	$ 40,000,000	140,000,000
Repayments of long term debt						100,000,000.0
Debt issued			$ 140,000,000.0
Mortgage loans | Margaritaville Hollywood Beach Resort | Subsequent event
Line of Credit Facility [Line Items]
Repayments of long term debt				$ 40,000,000.0
Mortgage loans | Estancia La Jolla Hotel & Spa
Line of Credit Facility [Line Items]
Debt						$ 53,395,000	$ 53,395,000	55,413,000
Debt issued											$ 61,700,000
Stated interest rate						5.07%	5.07%				5.07%
Convertible Notes 2026 | Convertible senior notes
Line of Credit Facility [Line Items]
Debt						$ 350,000,000	$ 350,000,000	750,000,000
Repayments of long term debt							$ 392,000,000.0
Stated interest rate						1.75%	1.75%
Gain on extinguishment of debt	$ 7,400,000
Unamortized issuance costs						$ 400,000	$ 400,000	1,800,000
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 percentage							100.00%
Capped call transaction, upper strike price (in usd per share) | $ / shares						$ 33.0225	$ 33.0225
Aggregate principal amount of the capped calls unwound					$ 550,000,000.0
Debt Instrument, Repurchased Face Amount	400,000,000.0
Convertible Notes 2030 | Convertible senior notes
Line of Credit Facility [Line Items]
Debt						$ 400,000,000	$ 400,000,000	0
Debt issued	$ 400,000,000.0
Stated interest rate	1.625%					1.625%	1.625%
Unamortized issuance costs						$ 9,800,000	$ 9,800,000	0
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	$ 15.89
Proceeds from debt, net of issuance costs	$ 390,200,000
Redemption price percentage							100.00%
Capped call transaction, upper strike price (in usd per share) | $ / shares						$ 20.23	$ 20.23
Senior Notes 2029 | Unsecured senior notes
Line of Credit Facility [Line Items]
Debt						$ 400,000,000	$ 400,000,000	400,000,000
Debt issued		$ 400,000,000.0
Stated interest rate		6.375%				6.38%	6.38%
Proceeds from debt, net of issuance costs		$ 390,000,000.0
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 credit facility | Unsecured term loans
Line of Credit Facility [Line Items]
Maximum borrowing capacity						650,000,000.0	$ 650,000,000.0			$ 650,000,000.0
Maximum borrowing capacity potential increase (up to)										$ 970,000,000.0
Number of extensions | extensionOption							2
Extension term							6 months
Debt						0	$ 0	0
Remaining borrowing capacity						642,100,000	$ 642,100,000
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage							0.20%
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage							0.30%
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | SOFR
Line of Credit Facility [Line Items]
SOFR adjustment							0.10%
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | SOFR | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate							1.45%
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | SOFR | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate							2.50%
Unsecured revolving credit facilities | Senior unsecured 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 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 2026 | Unsecured term loans
Line of Credit Facility [Line Items]
Maximum borrowing capacity						48,000,000.0	$ 48,000,000.0
Unsecured revolving credit facilities | Senior Unsecured Revolving Credit Facility Due October 2028 | Unsecured term loans
Line of Credit Facility [Line Items]
Maximum borrowing capacity						602,000,000.0	602,000,000.0
Unsecured revolving credit facilities | PHL unsecured credit facility | Unsecured term loans
Line of Credit Facility [Line Items]
Maximum borrowing capacity						20,000,000.0	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 instrument, number of instruments | debtInstrument										3
Repayments of long term debt		$ 353,300,000
Unsecured term loans | Unsecured term loans | SOFR | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate							1.40%
Unsecured term loans | Unsecured term loans | 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%
Letters of credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity						$ 30,000,000.0	$ 30,000,000.0