v3.25.2
Equity and Redeemable Non-controlling Interests - Schedule of Redeemable Noncontrolling Interests (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Class Of Stock [Line Items]      
Balance at the beginning of the year $ 459,862 $ 427,099  
Settlement of performance participation allocation 0 102,348  
Conversion to Class I shares (1,144)    
Repurchases   (620)  
GAAP income (loss) allocation (36,097) (29,165)  
Distributions (24,900) (24,960)  
Fair value allocation 37,157 (14,840) $ 21,698
Ending balance 434,878 459,862 427,099
Special Limited Partner      
Class Of Stock [Line Items]      
Balance at the beginning of the year [1] 295,692 238,322  
Settlement of performance participation allocation [1] 0 102,348  
Conversion to Class I shares [1] 0    
Repurchases [1]   0  
GAAP income (loss) allocation [1] (23,306) (18,753)  
Distributions [1] (16,065) (16,065)  
Fair value allocation [1] 24,551 (10,160)  
Ending balance [1] 280,872 295,692 238,322
Third-party Operating Partnership Unitholders      
Class Of Stock [Line Items]      
Balance at the beginning of the year 164,170 188,777  
Settlement of performance participation allocation 0 0  
Conversion to Class I shares (1,144)    
Repurchases   (620)  
GAAP income (loss) allocation (12,791) (10,412)  
Distributions (8,835) (8,895)  
Fair value allocation 12,606 (4,680)  
Ending balance $ 154,006 $ 164,170 $ 188,777
[1] Includes units transferred to Barry S. Sternlicht, which are deemed to be beneficially owned by Mr. Sternlicht.