Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

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, 2021

(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.	$	107,000	$	45,721	$	106,245	$	—	$	34,436	$	45,721	$	140,681	$	186,402	$	64,999	—	04/2007	(1),(2),(3)
Hilton La Jolla Torrey Pines	La Jolla, CA	88,000		—		114,614		—		8,224		—		122,838		122,838		51,047		—	04/2007	(1),(2),(3)
Marriott Seattle Waterfront	Seattle, WA	134,700		31,888		112,176		—		12,486		31,888		124,662		156,550		45,547		—	04/2007	(1),(2),(3)
The Notary Hotel	Philadelphia, PA	84,600		9,814		94,029		—		33,320		9,814		127,349		137,163		52,655		—	04/2007	(1),(2),(3)
The Clancy	San Francisco, CA	116,300		22,653		72,731		—		60,666		22,653		133,397		156,050		59,333		—	04/2007	(1),(2),(3)
Sofitel Chicago Magnificent Mile	Chicago, IL	99,400		12,631		140,369		—		11,480		12,631		151,849		164,480		39,599		—	02/2014	(1),(2),(3)
Pier House Resort & Spa	Key West, FL	80,000		59,731		33,011		—		4,428		59,731		37,439		97,170		11,889		—	03/2014	(1),(2),(3)
Bardessono Hotel and Spa	Yountville, CA	40,000		—		64,184		—		2,060		—		66,244		66,244		12,831		—	07/2015	(1),(2),(3)
Hotel Yountville	Yountville, CA	51,000		47,849		48,567		—		273		47,849		48,840		96,689		10,842		—	05/2017	(1),(2),(3)
Park Hyatt Beaver Creek Resort & Spa	Beaver Creek, CO	67,500		89,117		56,383		—		5,649		89,117		62,032		151,149		13,431		—	03/2017	(1),(2),(3)
The Ritz-Carlton Sarasota	Sarasota, FL	99,500		83,630		99,782		—		(8,894)		83,630		90,888		174,518		11,897		—	04/2018	(1),(2),(3)
The Ritz-Carlton St. Thomas	St. Thomas, USVI	42,500		25,533		38,467		—		76,471		25,533		114,938		140,471		16,357		—	12/2015	(1),(2),(3)
The Ritz-Carlton Lake Tahoe	Truckee, CA	54,000		26,731		91,603		—		2,461		26,731		94,064		120,795		8,082		—	01/2019	(1),(2),(3)
Mr. C Beverly Hills Hotel	Beverly Hills, CA	30,000		29,346		45,077		—		136		29,346		45,213		74,559		972		—	08/2021	(1),(2),(3)
Total		$	1,094,500	$	484,644	$	1,117,238	$	—	$	243,196	$	484,644	$	1,360,434	$	1,845,078	$	399,481

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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.


	Year Ended December 31,
	2021		2020		2019
Investment in real estate:
Beginning balance	$	1,784,849	$	1,791,174	$	1,562,806
Additions	95,663		16,067		262,541
Write-offs	(32,677)		(22,392)		(14,445)
Impairment	—		—		(476)
Sales/disposals	(2,757)		—		(19,252)
Ending balance	$	1,845,078	$	1,784,849	$	1,791,174
Accumulated depreciation:
Beginning balance	360,259		309,752		262,905
Depreciation expense	73,054		72,899		69,195
Impairment	—		—		(105)
Write-offs	(32,677)		(22,392)		(14,445)
Sales/disposals	(1,155)		—		(7,798)
Ending balance	$	399,481	$	360,259	$	309,752
Investment in real estate, net	$	1,445,597	$	1,424,590	$	1,481,422