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Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

SCHEDULE III

ASHFORD HOSPITALITY PRIME, INC. AND SUBSIDIARIES

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2016

(in thousands)



Column A				Column B				Column C								Column D								Column E												Column F				Column G			Column H		Column I
								Initial Cost								Costs Capitalized Since Acquisition								Gross Carrying Amount At Close of Period
Hotel Property		Location		Encumbrances				Land				FF&E, Buildings and improvements				Land				FF&E, Buildings and improvements				Land				FF&E, Buildings and improvements				Total				Accumulated Depreciation				Construction Date			Acquisition Date		Income Statement
Hilton		Washington D.C.		$	125,370			$	45,721			$	106,245			$	—			$	29,611			$	45,721			$	135,856			$	181,577			$	42,554			—			04/2007		(1),(2),(3)
Hilton		La Jolla, CA		67,395				—				114,614				—				20,015				—				134,629				134,629				41,830				—			04/2007		(1),(2),(3)
Marriott		Seattle, WA		127,560				31,888				112,176				—				5,995				31,888				118,171				150,059				30,792				—			04/2007		(1),(2),(3)
Marriott		Plano, TX		74,796				2,725				93,044				—				12,816				2,725				105,860				108,585				29,020				—			04/2007		(1),(2),(3)
Courtyard by Marriott		Philadelphia, PA		40,977				9,814				94,029				—				20,609				9,814				114,638				124,452				35,009				—			04/2007		(1),(2),(3)
Courtyard by Marriott		San Francisco, CA		55,915				22,653				72,731				—				8,911				22,653				81,642				104,295				19,803				—			04/2007		(1),(2),(3)
Pier House Resort		Key West, FL		70,000				59,731				33,011				—				3,178				59,731				36,189				95,920				6,997				—			03/2014		(1),(2),(3)
Chicago Sofitel Magnificent Mile		Chicago, IL		80,000				12,631				140,369				—				(3,250		)		12,631				137,119				149,750				10,190				—			02/2014		(1),(2),(3)
Renaissance		Tampa, FL		42,951				—				69,179				—				10,374				—				79,553				79,553				20,920				—			04/2007		(1),(2),(3)
Bardessono		Yountville, CA		40,000				—				64,184				—				(1,160		)		—				63,024				63,024				3,503				—			07/2015		(1),(2),(3),(4)
Ritz Carlton		St. Thomas, USVI		42,000				25,533				38,467				—				2,568				25,533				41,035				66,568				3,262				—			12/2015		(1),(2),(3)
Total				$	766,964			$	210,696			$	938,049			$	—			$	109,667			$	210,696			$	1,047,716			$	1,258,412			$	243,880

__________________


⁽¹⁾	Estimated useful life for buildings is 39 years.


⁽²⁾	Estimated useful life for building improvements is 7.5 years.


⁽³⁾	Estimated useful life for furniture and fixtures is 1.5 to 5 years.


⁽⁴⁾	Amount includes transfer of FF&E to Ashford Inc. in return for the key money consideration.



	Year Ended December 31,
	2016				2015				2014
Investment in Real Estate:
Beginning balance	$	1,315,621			$	1,179,345			$	925,507
Additions	24,280				146,828				265,484
Write-offs	(11,977		)		(8,609		)		(11,646		)
Sales/Disposals	(69,512		)		(1,943		)		—
Ending balance	1,258,412				1,315,621				1,179,345
Accumulated Depreciation:
Beginning balance	224,142				189,042				160,181
Depreciation expense	45,716				43,780				40,507
Write-offs	(11,977		)		(8,609		)		(11,646		)
Sales/Disposals	(14,001		)		(71		)		—
Ending balance	243,880				224,142				189,042
Investment in Real Estate, net	$	1,014,532			$	1,091,479			$	990,303