DiamondRock Hospitality Company

Schedule III - Real Estate and Accumulated Depreciation

As of December 31, 2018 (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	$	2,534		$	3,623	$	36,037	$	39,660	$	(11,696	)	$	27,964	2005	40 Years
Bethesda Marriott Suites	—			—		45,656		5,345			—		51,001		51,001		(16,740		)	34,261		2004	40 Years
Boston Westin Waterfront	(194,466		)	—		273,696		26,091			—		299,787		299,787		(88,210		)	211,577		2007	40 Years
Cavallo Point	—			—		123,100		—			—		123,100		123,100		(308		)	122,792		2018	40 Years
Chicago Marriott Downtown	—			36,900		347,921		93,281			36,900		441,202		478,102		(121,187		)	356,915		2006	40 Years
The Gwen Chicago	—			31,650		76,961		22,243			31,650		99,204		130,854		(25,029		)	105,825		2006	40 Years
Courtyard Denver	—			9,400		36,180		2,978			9,400		39,158		48,558		(7,003		)	41,555		2011	40 Years
Courtyard Manhattan/Fifth Avenue	—			—		34,685		4,485			—		39,170		39,170		(13,359		)	25,811		2004	40 Years
Courtyard Manhattan/Midtown East	(82,620		)	16,500		54,812		5,199			16,500		60,011		76,511		(20,284		)	56,227		2004	40 Years
Frenchman's Reef & Morning Star Beach Resort	—			17,713		50,697		17,949			17,713		68,646		86,359		(15,230		)	71,129		2005	40 Years
Havana Cabana Key West	—			32,888		13,371		5,513			32,888		18,884		51,772		(1,491		)	50,281		2014	40 Years
Hilton Boston Downtown	—			23,262		128,628		12,877			23,262		141,505		164,767		(22,112		)	142,655		2012	40 Years
Hilton Burlington	—			9,197		40,644		2,006			9,197		42,650		51,847		(6,954		)	44,893		2012	40 Years
Hilton Garden Inn/New York Times Square Central	—			60,300		88,896		472			60,300		89,368		149,668		(9,702		)	139,966		2014	40 Years
Hotel Emblem	—			7,856		21,085		(36		)	7,856		21,049		28,905		(3,231		)	25,674		2012	40 Years
Hotel Palomar Phoenix	(2,943		)	—		59,703		(171		)	—		59,532		59,532		(1,281		)	58,251		2018	40 Years
JW Marriott Denver	(62,411		)	9,200		63,183		1,488			9,200		64,671		73,871		(12,250		)	61,621		2011	40 Years
The Landing at Lake Tahoe	—			14,816		24,351		(241		)	14,816		24,110		38,926		(531		)	38,395		2018	40 Years
L'Auberge de Sedona	—			39,384		22,204		293			39,384		22,497		61,881		(1,592		)	60,289		2017	40 Years
Lexington Hotel New York	—			92,000		229,368		22,796			92,000		252,164		344,164		(45,686		)	298,478		2011	40 Years
Orchards Inn Sedona	—			9,726		10,180		102			9,726		10,282		20,008		(511		)	19,497		2017	40 Years
Renaissance Charleston	—			5,900		32,511		5,208			5,900		37,719		43,619		(7,135		)	36,484		2010	40 Years
Renaissance Worthington	(82,540		)	15,500		63,428		18,037			15,500		81,465		96,965		(23,086		)	73,879		2005	40 Years
Salt Lake City Marriott Downtown	(55,032		)	—		45,815		5,701			855		50,661		51,516		(16,944		)	34,572		2004	40 Years
Sheraton Suites Key West	—			49,592		42,958		742			49,592		43,700		93,292		(3,996		)	89,296		2015	40 Years
Shorebreak Hotel	—			19,908		37,525		3,332			19,908		40,857		60,765		(3,847		)	56,918		2015	40 Years
The Lodge at Sonoma, a Renaissance Resort and Spa	(27,633		)	3,951		22,720		8,601			3,951		31,321		35,272		(12,233		)	23,039		2004	40 Years
Vail Marriott Mountain Resort & Spa	—			5,800		52,463		17,335			5,800		69,798		75,598		(18,695		)	56,903		2005	40 Years
Westin Fort Lauderdale Beach Resort	—			54,293		83,227		8,767			54,293		91,994		146,287		(8,929		)	137,358		2014	40 Years
Westin San Diego	(63,385		)	22,902		95,617		9,123			22,902		104,740		127,642		(16,454		)	111,188		2012	40 Years
Westin Washington, D.C City Center	(62,734		)	24,579		122,229		11,802			24,579		134,031		158,610		(21,162		)	137,448		2012	40 Years
Total	$	(633,764	)	$	616,840	$	2,377,317	$	313,852		$	617,695	$	2,690,314	$	3,308,009	$	(556,868	)	$	2,751,141

Notes:

A) The change in total cost of properties for the fiscal years ended December 31, 2018, 2017 and 2016 is as follows (in thousands):



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
Additions:
Acquisitions	221,970
Capital expenditures	60,950
Deductions:
Dispositions and other	—
Balance at December 31, 2018	$	3,308,009

B) The change in accumulated depreciation of real estate assets for the fiscal years ended December 31, 2018, 2017 and 2016 is as follows (in thousands):



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
Depreciation and amortization	63,997
Dispositions and other	—
Balance at December 31, 2018	$	556,868

C) The aggregate cost of properties for Federal income tax purposes (in thousands) is approximately $3,151,650 as of December 31, 2018.