Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

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, 2020

(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
Capital Hilton	Washington D.C.	$	108,223	$	45,721	$	106,245	$	—	$	36,991	$	45,721	$	143,236	$	188,957	$	60,571	—	04/2007	(1),(2),(3)
Hilton La Jolla Torrey Pines	La Jolla, CA	89,006		—		114,614		—		9,856		—		124,470		124,470		48,938		—	04/2007	(1),(2),(3)
Marriott Seattle Waterfront	Seattle, WA	134,700		31,888		112,176		—		6,241		31,888		118,417		150,305		43,057		—	04/2007	(1),(2),(3)
The Notary Hotel	Philadelphia, PA	84,600		9,814		94,029		—		38,562		9,814		132,591		142,405		50,756		—	04/2007	(1),(2),(3)
The Clancy	San Francisco, CA	116,300		22,653		72,731		—		67,013		22,653		139,744		162,397		53,222		—	04/2007	(1),(2),(3)
Sofitel Chicago Magnificent Mile	Chicago, IL	99,400		12,631		140,369		—		12,018		12,631		152,387		165,018		33,875		—	02/2014	(1),(2),(3)
Pier House Resort & Spa	Key West, FL	80,000		59,731		33,011		—		6,272		59,731		39,283		99,014		10,364		—	03/2014	(1),(2),(3)
Bardessono Hotel and Spa	Yountville, CA	40,000		—		64,184		—		3,968		—		68,152		68,152		11,507		—	07/2015	(1),(2),(3),(4)
Hotel Yountville	Yountville, CA	51,000		47,849		48,567		—		(321)		47,849		48,246		96,095		8,300		—	05/2017	(1),(2),(3)
Park Hyatt Beaver Creek Resort & Spa	Beaver Creek, CO	67,500		89,117		56,383		—		4,932		89,117		61,315		150,432		9,916		—	03/2017	(1),(2),(3)
The Ritz-Carlton Sarasota	Sarasota, FL	100,000		83,630		99,782		—		(5,340)		83,630		94,442		178,072		14,258		—	04/2018	(1),(2),(3)
The Ritz-Carlton St. Thomas	St. Thomas, USVI	42,500		25,533		38,467		—		76,466		25,533		114,933		140,466		10,250		—	12/2015	(1),(2),(3)
The Ritz-Carlton Lake Tahoe	Truckee, CA	54,000		26,731		91,603		—		732		26,731		92,335		119,066		5,245		—	01/2019	(1),(2),(3)
Total		$	1,067,229	$	455,298	$	1,072,161	$	—	$	257,390	$	455,298	$	1,329,551	$	1,784,849	$	360,259

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(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,
	2020		2019		2018
Investment in real estate:
Beginning balance	$	1,791,174	$	1,562,806	$	1,403,110
Additions	16,067		262,541		267,224
Write-offs	(22,392)		(14,445)		(22,134)
Impairment	—		(476)		(5,885)
Sales/disposals	—		(19,252)		(79,509)
Ending balance	$	1,784,849	$	1,791,174	$	1,562,806
Accumulated depreciation:
Beginning balance	309,752		262,905		257,268
Depreciation expense	72,899		69,195		56,884
Impairment	—		(105)		(3,570)
Write-offs	(22,392)		(14,445)		(22,134)
Sales/disposals	—		(7,798)		(25,543)
Ending balance	$	360,259	$	309,752	$	262,905
Investment in real estate, net	$	1,424,590	$	1,481,422	$	1,299,901