v3.26.3
Real Estate, Real Estate-Related Intangibles and Real Estate Available and Held for Sale - Future Minimum Ground Net Lease Payments (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Jan. 01, 2026
property
Oct. 22, 2025
item
Sep. 30, 2026
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2026
USD ($)
Sep. 30, 2025
USD ($)
Dec. 31, 2025
item
Future Minimum Ground Net Lease Payments to be Collected              
2026 (remaining three months)     $ 8,767   $ 8,767    
2027     35,321   35,321    
2028     35,585   35,585    
2029     35,667   35,667    
2030     36,065   36,065    
Thereafter     5,152,355   5,152,355    
Operating lease income     15,841 $ 16,993 51,803 $ 55,081  
Number of hotel assets under master lease electing to extend the underlying lease past the initial maturity | item             3
Number of hotel assets under master lease | item             5
Number of hotel assets under master lease, terminated | item   5          
Number of hotel properties | property 2            
Inflation- Linked              
Future Minimum Ground Net Lease Payments to be Collected              
2026 (remaining three months)     1,957   1,957    
2027     7,829   7,829    
2028     7,829   7,829    
2029     7,829   7,829    
2030     7,829   7,829    
Thereafter     442,143   442,143    
Fixed Bumps with Inflation Adjustments              
Future Minimum Ground Net Lease Payments to be Collected              
2026 (remaining three months)     4,659   4,659    
2027     18,876   18,876    
2028     19,224   19,224    
2029     19,578   19,578    
2030     19,939   19,939    
Thereafter     4,270,824   4,270,824    
Fixed Bumps              
Future Minimum Ground Net Lease Payments to be Collected              
2026 (remaining three months)     594   594    
2027     2,388   2,388    
2028     2,421   2,421    
2029     2,453   2,453    
2030     2,490   2,490    
Thereafter     425,745   425,745    
Percentage Rent              
Future Minimum Ground Net Lease Payments to be Collected              
2026 (remaining three months)     1,452   1,452    
2027     5,807   5,807    
2028     5,807   5,807    
2029     5,807   5,807    
2030     5,807   5,807    
Thereafter     13,643   13,643    
Operating lease income     36 $ 100 4,600 $ 5,300  
Fixed Bumps with Percentage Rent              
Future Minimum Ground Net Lease Payments to be Collected              
2026 (remaining three months)     105   105    
2027     421   421    
2028     $ 304   $ 304