DiamondRock Hospitality Company

Schedule III - Real Estate and Accumulated Depreciation

As of December 31, 2017 (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	$	2,186		$	3,623	$	35,689	$	39,312	$	(10,781	)	$	28,531	2005	40 Years
Bethesda Marriott Suites	—			—		45,656		1,960			—		47,616		47,616		(15,476		)	32,140		2004	40 Years
Boston Westin Waterfront	(198,046		)	—		273,696		23,709			—		297,405		297,405		(80,503		)	216,902		2007	40 Years
Chicago Marriott Downtown	—			36,900		347,921		73,994			36,900		421,915		458,815		(110,069		)	348,746		2006	40 Years
The Gwen Chicago	—			31,650		76,961		22,172			31,650		99,133		130,783		(22,536		)	108,247		2006	40 Years
Courtyard Denver	—			9,400		36,180		2,706			9,400		38,886		48,286		(6,022		)	42,264		2011	40 Years
Courtyard Manhattan/Fifth Avenue	—			—		34,685		4,252			—		38,937		38,937		(12,322		)	26,615		2004	40 Years
Courtyard Manhattan/Midtown East	(84,067		)	16,500		54,812		5,131			16,500		59,943		76,443		(18,755		)	57,688		2004	40 Years
Frenchman's Reef & Morning Star Marriott Beach Resort	—			17,713		50,697		17,614			17,713		68,285		85,998		(15,230		)	70,768		2005	40 Years
Hilton Boston Downtown	—			23,262		128,628		12,285			23,262		140,913		164,175		(18,527		)	145,648		2012	40 Years
Hilton Burlington	—			9,197		40,644		2,002			9,197		42,646		51,843		(5,858		)	45,985		2012	40 Years
Hilton Garden Inn/New York Times Square Central	—			60,300		88,896		182			60,300		89,078		149,378		(7,436		)	141,942		2014	40 Years
Hotel Rex	—			7,856		21,085		(39		)	7,856		21,046		28,902		(2,702		)	26,200		2012	40 Years
Inn at Key West	—			32,888		13,371		(1,766		)	32,888		11,605		44,493		(1,075		)	43,418		2014	40 Years
JW Marriott Denver	(63,519		)	9,200		63,183		1,475			9,200		64,658		73,858		(10,623		)	63,235		2011	40 Years
L'Auberge de Sedona	—			39,384		22,204		185			39,384		22,389		61,773		(740		)	61,033		2017	40 Years
Lexington Hotel New York	—			92,000		229,368		20,442			92,000		249,810		341,810		(39,262		)	302,548		2011	40 Years
Orchards Inn Sedona	—			9,726		10,180		52			9,726		10,232		19,958		(230		)	19,728		2017	40 Years
Renaissance Charleston	—			5,900		32,511		4,785			5,900		37,296		43,196		(6,185		)	37,011		2010	40 Years
Renaissance Worthington	(84,116		)	15,500		63,428		16,811			15,500		80,239		95,739		(21,013		)	74,726		2005	40 Years
Salt Lake City Marriott Downtown	(56,717		)	—		45,815		4,317			855		49,277		50,132		(15,684		)	34,448		2004	40 Years
Sheraton Suites Key West	—			49,592		42,958		335			49,592		43,293		92,885		(2,769		)	90,116		2015	40 Years
Shorebreak Hotel	—			19,908		37,525		3,035			19,908		40,560		60,468		(2,820		)	57,648		2015	40 Years
The Lodge at Sonoma, a Renaissance Resort and Spa	(28,277		)	3,951		22,720		6,858			3,951		29,578		33,529		(11,045		)	22,484		2004	40 Years
Westin Fort Lauderdale Beach Resort	—			54,293		83,227		4,888			54,293		88,115		142,408		(6,624		)	135,784		2014	40 Years
Westin San Diego	(64,859		)	22,902		95,617		8,194			22,902		103,811		126,713		(13,776		)	112,937		2012	40 Years
Westin Washington, D.C City Center	(64,833		)	24,579		122,229		11,361			24,579		133,590		158,169		(17,704		)	140,465		2012	40 Years
Vail Marriott Mountain Resort & Spa	—			5,800		52,463		3,802			5,800		56,265		62,065		(17,104		)	44,961		2005	40 Years
Total	$	(644,434	)	$	602,024	$	2,170,163	$	252,928		$	602,879	$	2,422,210	$	3,025,089	$	(492,871	)	$	2,532,218

Notes:

A) The change in total cost of properties for the fiscal years ended December 31, 2017, 2016 and 2015 is as follows:



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
Additions:
Acquisitions	—
Capital expenditures	$	61,823
Deductions:
Dispositions and other	(269,240		)
Balance at December 31, 2016	2,917,634
Additions:
Acquisitions	81,494
Capital expenditures	68,573
Deductions:
Dispositions and other	(42,612		)
Balance at December 31, 2017	$	3,025,089

B) The change in accumulated depreciation of real estate assets for the fiscal years ended December 31, 2017, 2016 and 2015 is as follows:



Balance at December 31, 2014	$	355,462
Depreciation and amortization	63,847
Dispositions and other	—
Balance at December 31, 2015	419,309
Depreciation and amortization	65,490
Dispositions and other	(42,847		)
Balance at December 31, 2016	441,952
Depreciation and amortization	60,023
Dispositions and other	(9,104		)
Balance at December 31, 2017	$	492,871

C) The aggregate cost of properties for Federal income tax purposes (in thousands) is approximately $2,988,637 as of December 31, 2017.