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Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended
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Dec. 31, 2017
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, 2017 (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. |  | $ | 123,578 |  |  | $ | 45,721 |  |  | $ | 106,245 |  |  | $ | — |  |  | $ | 32,996 |  |  | $ | 45,721 |  |  | $ | 139,241 |  |  | $ | 184,962 |  |  | $ | 47,278 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Hilton |  | La Jolla, CA |  | 66,432 |  |  | — |  |  | 114,614 |  |  | — |  |  | 18,597 |  |  | — |  |  | 133,211 |  |  | 133,211 |  |  | 44,992 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Marriott |  | Seattle, WA |  | 85,833 |  |  | 31,888 |  |  | 112,176 |  |  | — |  |  | 7,633 |  |  | 31,888 |  |  | 119,809 |  |  | 151,697 |  |  | 34,599 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Courtyard by Marriott |  | Philadelphia, PA |  | 77,471 |  |  | 9,814 |  |  | 94,029 |  |  | — |  |  | 21,808 |  |  | 9,814 |  |  | 115,837 |  |  | 125,651 |  |  | 40,598 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Courtyard by Marriott |  | San Francisco, CA |  | 87,163 |  |  | 22,653 |  |  | 72,731 |  |  | — |  |  | 25,525 |  |  | 22,653 |  |  | 98,256 |  |  | 120,909 |  |  | 24,450 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Pier House Resort |  | Key West, FL |  | 70,000 |  |  | 59,731 |  |  | 33,011 |  |  | — |  |  | 4,323 |  |  | 59,731 |  |  | 37,334 |  |  | 97,065 |  |  | 9,731 |  |  | — |  |  | 03/2014 |  | (1),(2),(3)
Chicago Sofitel Magnificent Mile |  | Chicago, IL |  | 80,000 |  |  | 12,631 |  |  | 140,369 |  |  | — |  |  | 4,200 |  |  | 12,631 |  |  | 144,569 |  |  | 157,200 |  |  | 14,824 |  |  | — |  |  | 02/2014 |  | (1),(2),(3)
Renaissance |  | Tampa, FL |  | 35,259 |  |  | — |  |  | 69,179 |  |  | — |  |  | 10,466 |  |  | — |  |  | 79,645 |  |  | 79,645 |  |  | 24,403 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Bardessono (4) |  | Yountville, CA |  | 40,000 |  |  | — |  |  | 64,184 |  |  | — |  |  | (359 | ) |  | — |  |  | 63,825 |  |  | 63,825 |  |  | 6,034 |  |  | — |  |  | 07/2015 |  | (1),(2),(3)
Hotel Yountville |  | Yountville, CA |  | 51,000 |  |  | 47,849 |  |  | 48,567 |  |  | — |  |  | 168 |  |  | 47,849 |  |  | 48,735 |  |  | 96,584 |  |  | 1,674 |  |  | — |  |  | 05/2017 |  | (1),(2),(3)
Park Hyatt Beaver Creek |  | Beaver Creek, CO |  | 67,500 |  |  | 89,117 |  |  | 56,383 |  |  | — |  |  | 608 |  |  | 89,117 |  |  | 56,991 |  |  | 146,108 |  |  | 2,456 |  |  | — |  |  | 03/2017 |  | (1),(2),(3)
Ritz-Carlton |  | St. Thomas, USVI |  | 42,000 |  |  | 25,533 |  |  | 38,467 |  |  | — |  |  | (17,747 | ) |  | 25,533 |  |  | 20,720 |  |  | 46,253 |  |  | 6,229 |  |  | — |  |  | 12/2015 |  | (1),(2),(3)
Total |  |  |  | $ | 826,236 |  |  | $ | 344,937 |  |  | $ | 949,955 |  |  | $ | — |  |  | $ | 108,218 |  |  | $ | 344,937 |  |  | $ | 1,058,173 |  |  | $ | 1,403,110 |  |  | $ | 257,268 |  |  |  |  |  |  |
__________________
(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,
| 2017 |  | 2016 |  | 2015
Investment in Real Estate: |  |  |  |  |
Beginning balance | $ | 1,258,412 |  |  | $ | 1,315,621 |  |  | $ | 1,179,345 |
Additions | 287,871 |  |  | 24,280 |  |  | 146,828 |
Write-offs | (6,935 | ) |  | (11,977 | ) |  | (8,609 | )
Impairment | (25,391 | ) |  | — |  |  | — |
Sales/Disposals | (110,847 | ) |  | (69,512 | ) |  | (1,943 | )
Ending balance | 1,403,110 |  |  | 1,258,412 |  |  | 1,315,621 |
Accumulated Depreciation: |  |  |  |  |
Beginning balance | 243,880 |  |  | 224,142 |  |  | 189,042 |
Depreciation expense | 52,135 |  |  | 45,716 |  |  | 43,780 |
Impairment | — |  |  | — |  |  | — |
Write-offs | (6,935 | ) |  | (11,977 | ) |  | (8,609 | )
Sales/Disposals | (31,812 | ) |  | (14,001 | ) |  | (71 | )
Ending balance | 257,268 |  |  | 243,880 |  |  | 224,142 |
Investment in Real Estate, net | $ | 1,145,842 |  |  | $ | 1,014,532 |  |  | $ | 1,091,479 |

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- Definition The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule III) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 + Details
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