XML 49 R32.htm IDEA: XBRL DOCUMENT

Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

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