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Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended
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Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract] |
Schedule III - Real Estate and Accumulated Depreciation | SCHEDULE III BRAEMAR HOTELS & RESORTS INC. AND SUBSIDIARIES REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2018 (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. |  | $ | 121,677 |  |  | $ | 45,721 |  |  | $ | 106,245 |  |  | $ | — |  |  | $ | 37,286 |  |  | $ | 45,721 |  |  | $ | 143,531 |  |  | $ | 189,252 |  |  | $ | 50,260 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Hilton |  | La Jolla, CA |  | 65,409 |  |  | — |  |  | 114,614 |  |  | — |  |  | 18,441 |  |  | — |  |  | 133,055 |  |  | 133,055 |  |  | 48,883 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Marriott |  | Seattle, WA |  | 134,700 |  |  | 31,888 |  |  | 112,176 |  |  | — |  |  | 6,450 |  |  | 31,888 |  |  | 118,626 |  |  | 150,514 |  |  | 37,071 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Courtyard by Marriott |  | Philadelphia, PA |  | 84,600 |  |  | 9,814 |  |  | 94,029 |  |  | — |  |  | 23,805 |  |  | 9,814 |  |  | 117,834 |  |  | 127,648 |  |  | 38,001 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Courtyard by Marriott |  | San Francisco, CA |  | 116,300 |  |  | 22,653 |  |  | 72,731 |  |  | — |  |  | 39,963 |  |  | 22,653 |  |  | 112,694 |  |  | 135,347 |  |  | 31,927 |  |  | — |  |  | 04/2007 |  | (1),(2),(3)
Chicago Sofitel Magnificent Mile |  | Chicago, IL |  | 99,400 |  |  | 12,631 |  |  | 140,369 |  |  | — |  |  | 11,943 |  |  | 12,631 |  |  | 152,312 |  |  | 164,943 |  |  | 21,187 |  |  | — |  |  | 02/2014 |  | (1),(2),(3)
Pier House Resort |  | Key West, FL |  | 70,000 |  |  | 59,731 |  |  | 33,011 |  |  | — |  |  | 1,709 |  |  | 59,731 |  |  | 34,720 |  |  | 94,451 |  |  | 6,433 |  |  | — |  |  | 03/2014 |  | (1),(2),(3)
Bardessono (4) |  | Yountville, CA |  | 40,000 |  |  | — |  |  | 64,184 |  |  | — |  |  | 3,036 |  |  | — |  |  | 67,220 |  |  | 67,220 |  |  | 8,795 |  |  | — |  |  | 07/2015 |  | (1),(2),(3)
Hotel Yountville |  | Yountville, CA |  | 51,000 |  |  | 47,849 |  |  | 48,567 |  |  | — |  |  | 717 |  |  | 47,849 |  |  | 49,284 |  |  | 97,133 |  |  | 4,344 |  |  | — |  |  | 05/2017 |  | (1),(2),(3)
Park Hyatt Beaver Creek |  | Beaver Creek, CO |  | 67,500 |  |  | 89,117 |  |  | 56,383 |  |  | — |  |  | 4,010 |  |  | 89,117 |  |  | 60,393 |  |  | 149,510 |  |  | 5,993 |  |  | — |  |  | 03/2017 |  | (1),(2),(3)
Ritz-Carlton |  | Sarasota, FL |  | 100,000 |  |  | 83,630 |  |  | 99,782 |  |  | — |  |  | 2,126 |  |  | 83,630 |  |  | 101,908 |  |  | 185,538 |  |  | 6,499 |  |  | — |  |  | 04/2018 |  | (1),(2),(3)
Ritz-Carlton |  | St. Thomas, USVI |  | 42,000 |  |  | 25,533 |  |  | 38,467 |  |  | — |  |  | 4,195 |  |  | 25,533 |  |  | 42,662 |  |  | 68,195 |  |  | 3,512 |  |  | — |  |  | 12/2015 |  | (1),(2),(3)
Total |  |  |  | $ | 992,586 |  |  | $ | 428,567 |  |  | $ | 980,558 |  |  | $ | — |  |  | $ | 153,681 |  |  | $ | 428,567 |  |  | $ | 1,134,239 |  |  | $ | 1,562,806 |  |  | $ | 262,905 |  |  |  |  |  |  |
__________________
(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 key money consideration.
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Investment in real estate: |  |  |  |  |
Beginning balance | $ | 1,403,110 |  |  | $ | 1,258,412 |  |  | $ | 1,315,621 |
Additions | 267,224 |  |  | 287,871 |  |  | 24,280 |
Write-offs | (22,134 | ) |  | (6,935 | ) |  | (11,977 | )
Impairment | (5,885 | ) |  | (25,391 | ) |  | — |
Sales/disposals | (79,509 | ) |  | (110,847 | ) |  | (69,512 | )
Ending balance | $ | 1,562,806 |  |  | $ | 1,403,110 |  |  | $ | 1,258,412 |
Accumulated depreciation: |  |  |  |  |
Beginning balance | 257,268 |  |  | 243,880 |  |  | 224,142 |
Depreciation expense | 56,884 |  |  | 52,135 |  |  | 45,716 |
Impairment | (3,570 | ) |  | — |  |  | — |
Write-offs | (22,134 | ) |  | (6,935 | ) |  | (11,977 | )
Sales/disposals | (25,543 | ) |  | (31,812 | ) |  | (14,001 | )
Ending balance | $ | 262,905 |  |  | $ | 257,268 |  |  | $ | 243,880 |
Investment in real estate, net | $ | 1,299,901 |  |  | $ | 1,145,842 |  |  | $ | 1,014,532 |

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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/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 28 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
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