v3.26.1
Debt - Schedule of Maturities of Long-Term Debt (Details)
$ in Thousands
6 Months Ended
Jul. 09, 2026
USD ($)
Apr. 28, 2025
extension
Sep. 09, 2024
extension
Jun. 30, 2026
USD ($)
extension
Jun. 30, 2025
USD ($)
Jul. 08, 2026
USD ($)
Dec. 31, 2025
USD ($)
Year              
2026       $ 0      
2027       987,852      
2028       3,505,000      
2029       0      
2030       450,000      
Thereafter       3,650,386      
Total       8,593,238      
Less: deferred financing costs, net       (44,182)      
Less: unamortized debt discount       (22,365)      
Total       8,526,691      
Payments on secured debt       161 $ 3,799    
Secured Debt              
Year              
2026       0      
2027       987,852      
2028       0      
2029       0      
2030       0      
Thereafter       400,386      
Total       1,388,238      
Less: deferred financing costs, net       (2,788)     $ (3,758)
Less: unamortized debt discount       (352)      
Total       1,385,098     1,384,114
Payments on secured debt       161 3,799    
Secured Debt | IH1 2017-1              
Year              
Less: deferred financing costs, net       (1,719)     (2,579)
Less: unamortized debt discount       $ (352)     (527)
Interest rate       4.23%      
Secured Debt | IH1 2017-1 | Subsequent Event              
Year              
Payments on secured debt $ 488,000            
Debt prepayment premium $ 4,880            
Senior Unsecured Notes              
Year              
2026       $ 0      
2027       0      
2028       750,000      
2029       0      
2030       450,000      
Thereafter       3,250,000      
Total       4,450,000      
Less: deferred financing costs, net       (25,148)     (27,435)
Less: unamortized debt discount       (22,013)     (23,644)
Total       4,402,839     4,398,921
Principal amount       0 $ 0    
Senior Unsecured Notes | 4.95% Senior Notes Due on February 2032 | Subsequent Event              
Year              
Principal amount           $ 500,000  
Interest rate           4.95%  
Line of Credit              
Year              
Total       $ 2,475,000     2,475,000
Number of extensions | extension     2 2      
Extension term     6 months 6 months      
Line of Credit | Unsecured Debt              
Year              
2026       $ 0      
2027       0      
2028       2,475,000      
2029       0      
2030       0      
Thereafter       0      
Total       2,475,000      
Less: deferred financing costs, net       (16,246)     (23,015)
Less: unamortized debt discount       0      
Total       2,458,754     2,451,985
Line of Credit | Revolving Facility              
Year              
2026       0      
2027       0      
2028       280,000      
2029       0      
2030       0      
Thereafter       0      
Total       280,000     145,000
Less: deferred financing costs, net       0      
Less: unamortized debt discount       0      
Total       280,000      
Line of Credit | 2024 Term Loan Facility              
Year              
Total       $ 1,750,000     1,750,000
Number of extensions | extension       2      
Extension term       6 months      
Line of Credit | 2022 Term Loan Facility, prior to amendment              
Year              
Total       $ 725,000     $ 725,000
Number of extensions | extension   2   2      
Extension term   1 year   1 year