DiamondRock Hospitality Company

Schedule III - Real Estate and Accumulated Depreciation

As of December 31, 2015 (in thousands)



								Costs
				Initial Cost				Capitalized			Gross Amount at End of Year
						Building and		Subsequent to					Building and				Accumulated			Net Book		Year of	Depreciation
Description	Encumbrances			Land		Improvements		Acquisition			Land		Improvements		Total		Depreciation			Value		Acquisition	Life
Atlanta Alpharetta Marriott	$	—		$	3,623	$	33,503	$	948		$	3,623	$	34,451	$	38,074	$	(9,024	)	$	29,050	2005	40 Years
Bethesda Marriott Suites	—			—		45,656		1,764			—		47,420		47,420		(13,056		)	34,364		2004	40 Years
Boston Westin Waterfront	(204,723		)	—		273,696		22,530			—		296,226		296,226		(65,273		)	230,953		2007	40 Years
Chicago Marriott Downtown	(201,713		)	36,900		347,921		35,126			36,900		383,047		419,947		(89,257		)	330,690		2006	40 Years
The Gwen Chicago	—			31,650		76,961		3,856			31,650		80,817		112,467		(18,052		)	94,415		2006	40 Years
Courtyard Denver	—			9,400		36,180		1,500			9,400		37,680		47,080		(4,110		)	42,970		2011	40 Years
Courtyard Manhattan/Fifth Avenue	(48,308		)	—		34,685		2,827			—		37,512		37,512		(10,286		)	27,226		2004	40 Years
Courtyard Manhattan/Midtown East	(86,000		)	16,500		54,812		2,954			16,500		57,766		74,266		(15,722		)	58,544		2004	40 Years
Frenchman's Reef & Morning Star Marriott Beach Resort	—			17,713		50,697		47,041			17,713		97,738		115,451		(18,401		)	97,050		2005	40 Years
Hilton Boston Downtown	—			23,262		128,628		9,290			23,262		137,918		161,180		(11,412		)	149,768		2012	40 Years
Hilton Burlington	—			9,197		40,644		1,820			9,197		42,464		51,661		(3,669		)	47,992		2012	40 Years
Hilton Garden Inn Chelsea/New York City	—			14,800		51,458		386			14,800		51,844		66,644		(6,876		)	59,768		2010	40 Years
Hilton Garden Inn/New York Times Square Central	—			60,300		88,896		—			60,300		88,896		149,196		(2,963		)	146,233		2014	40 Years
Hilton Minneapolis	(90,653		)	—		129,640		944			—		130,584		130,584		(18,060		)	112,524		2010	40 Years
Hotel Rex	—			7,856		21,085		(63		)	7,856		21,022		28,878		(1,647		)	27,231		2012	40 Years
Inn at Key West	—			32,888		13,371		181			32,888		13,552		46,440		(581		)	45,859		2014	40 Years
JW Marriott Denver	(65,000		)	9,200		63,183		1,283			9,200		64,466		73,666		(7,374		)	66,292		2011	40 Years
Lexington Hotel New York	(170,368		)	92,000		229,368		7,911			92,000		237,279		329,279		(26,702		)	302,577		2011	40 Years
Orlando Airport Marriott	—			9,769		57,803		3,845			9,769		61,648		71,417		(15,337		)	56,080		2005	40 Years
Renaissance Charleston	—			5,900		32,511		763			5,900		33,274		39,174		(4,423		)	34,751		2010	40 Years
Renaissance Worthington	(85,000		)	15,500		63,428		3,341			15,500		66,769		82,269		(17,182		)	65,087		2005	40 Years
Salt Lake City Marriott Downtown	(59,992		)	—		45,815		3,933			855		48,893		49,748		(13,209		)	36,539		2004	40 Years
Sheraton Suites Key West	—			49,592		42,958		54			49,592		43,012		92,604		(564		)	92,040		2015	40 Years
Shorebreak Hotel	—			19,908		37,525		72			19,908		37,597		57,505		(864		)	56,641		2015	40 Years
The Lodge at Sonoma, a Renaissance Resort and Spa	(29,534		)	3,951		22,720		1,028			3,951		23,748		27,699		(9,163		)	18,536		2004	40 Years
Westin Fort Lauderdale Beach Resort	—			54,293		83,227		(188		)	54,293		83,039		137,332		(2,286		)	135,046		2014	40 Years
Westin San Diego	(67,629		)	22,902		95,617		6,691			22,902		102,308		125,210		(8,618		)	116,592		2012	40 Years
Westin Washington, D.C City Center	(68,776		)	24,579		122,229		8,013			24,579		130,242		154,821		(10,933		)	143,888		2012	40 Years
Vail Marriott Mountain Resort & Spa	—			5,800		52,463		3,038			5,800		55,501		61,301		(14,265		)	47,036		2005	40 Years
Total	$	(1,177,696	)	$	577,483	$	2,376,680	$	170,888		$	578,338	$	2,546,713	$	3,125,051	$	(419,309	)	$	2,705,742

Notes:

A) The change in total cost of properties for the fiscal years ended December 31, 2015, 2014 and 2013 is as follows:



Balance at December 31, 2012	$	2,770,840
Additions:
Capital expenditures	15,089
Deductions:
Dispositions and other	(61,312		)
Balance at December 31, 2013	$	2,724,617
Additions:
Acquisitions	$	332,975
Capital expenditures	26,831
Deductions:
Dispositions and other	(140,320		)
Balance at December 31, 2014	$	2,944,103
Additions:
Acquisitions	149,983
Capital expenditures	30,965
Deductions:
Dispositions and other	—
Balance at December 31, 2015	$	3,125,051

B) The change in accumulated depreciation of real estate assets for the fiscal years ended December 31, 2015, 2014 and 2013 is as follows:



Balance at December 31, 2012	$	276,832
Depreciation and amortization	59,393
Dispositions and other	(11,312		)
Balance at December 31, 2013	324,913
Depreciation and amortization	59,965
Dispositions and other	(29,416		)
Balance at December 31, 2014	355,462
Depreciation and amortization	63,847
Dispositions and other	—
Balance at December 31, 2015	$	419,309

C) The aggregate cost of properties for Federal income tax purposes (in thousands) is approximately $3,007,362 as of December 31, 2015.