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Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

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, 2019

(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.		$	107,000			$	45,721			$	106,245			$	—			$	38,204			$	45,721			$	144,449			$	190,170			$	55,116			—			04/2007		(1),(2),(3)
Hilton		La Jolla, CA		88,000				—				114,614				—				18,271				—				132,885				132,885				52,776				—			04/2007		(1),(2),(3)
Marriott		Seattle, WA		134,700				31,888				112,176				—				5,988				31,888				118,164				150,052				39,667				—			04/2007		(1),(2),(3)
The Notary Hotel		Philadelphia, PA		84,600				9,814				94,029				—				38,817				9,814				132,846				142,660				42,713				—			04/2007		(1),(2),(3)
Courtyard by Marriott		San Francisco, CA		116,300				22,653				72,731				—				63,496				22,653				136,227				158,880				41,636				—			04/2007		(1),(2),(3)
Chicago Sofitel Magnificent Mile		Chicago, IL		99,400				12,631				140,369				—				12,002				12,631				152,371				165,002				27,573				—			02/2014		(1),(2),(3)
Pier House Resort		Key West, FL		80,000				59,731				33,011				—				5,421				59,731				38,432				98,163				8,013				—			03/2014		(1),(2),(3)
Bardessono		Yountville, CA		40,000				—				64,184				—				7,251				—				71,435				71,435				11,893				—			07/2015		(1),(2),(3)
Hotel Yountville		Yountville, CA		51,000				47,849				48,567				—				(465		)		47,849				48,102				95,951				5,863				—			05/2017		(1),(2),(3)
Park Hyatt Beaver Creek		Beaver Creek, CO		67,500				89,117				56,383				—				9,638				89,117				66,021				155,138				10,471				—			03/2017		(1),(2),(3)
Ritz-Carlton		Sarasota, FL		100,000				83,630				99,782				—				(8,622		)		83,630				91,160				174,790				8,767				—			04/2018		(1),(2),(3)
Ritz-Carlton		St. Thomas, USVI		42,500				25,533				38,467				—				73,667				25,533				112,134				137,667				2,871				—			12/2015		(1),(2),(3)
Ritz-Carlton		Truckee, CA		54,000				26,731				91,603				—				47				26,731				91,650				118,381				2,393				—			01/2019		(1),(2),(3)
Total				$	1,065,000			$	455,298			$	1,072,161			$	—			$	263,715			$	455,298			$	1,335,876			$	1,791,174			$	309,752

__________________


⁽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.



	Year Ended December 31,
	2019				2018				2017
Investment in real estate:
Beginning balance	$	1,562,806			$	1,403,110			$	1,258,412
Additions	262,541				267,224				287,871
Write-offs	(14,445		)		(22,134		)		(6,935		)
Impairment	(476		)		(5,885		)		(25,391		)
Sales/disposals	(19,252		)		(79,509		)		(110,847		)
Ending balance	$	1,791,174			$	1,562,806			$	1,403,110
Accumulated depreciation:
Beginning balance	262,905				257,268				243,880
Depreciation expense	69,195				56,884				52,135
Impairment	(105		)		(3,570		)		—
Write-offs	(14,445		)		(22,134		)		(6,935		)
Sales/disposals	(7,798		)		(25,543		)		(31,812		)
Ending balance	$	309,752			$	262,905			$	257,268
Investment in real estate, net	$	1,481,422			$	1,299,901			$	1,145,842