Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2022

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, 2022

(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	$	—	$	40,495	$	45,721	$	146,740	$	192,461	$	67,028	—	April 2007	(1),(2),(3)
Hilton La Jolla Torrey Pines	La Jolla, CA	88,000		—		114,614		—		7,031		—		121,645		121,645		52,308		—	April 2007	(1),(2),(3)
Marriott Seattle Waterfront	Seattle, WA	134,700		31,888		112,176		—		23,587		31,888		135,763		167,651		49,559		—	April 2007	(1),(2),(3)
The Notary Hotel	Philadelphia, PA	84,600		9,814		94,029		—		34,366		9,814		128,395		138,209		60,453		—	April 2007	(1),(2),(3)
The Clancy	San Francisco, CA	116,300		22,653		72,731		—		53,830		22,653		126,561		149,214		61,516		—	April 2007	(1),(2),(3)
Sofitel Chicago Magnificent Mile	Chicago, IL	99,400		12,631		140,369		—		4,269		12,631		144,638		157,269		36,919		—	February 2014	(1),(2),(3)
Pier House Resort & Spa	Key West, FL	80,000		59,731		33,011		—		3,197		59,731		36,208		95,939		12,578		—	March 2014	(1),(2),(3)
Bardessono Hotel and Spa	Yountville, CA	40,000		—		64,184		—		1,895		—		66,079		66,079		14,565		—	July 2015	(1),(2),(3)
Hotel Yountville	Yountville, CA	51,000		47,849		48,567		—		(4,577)		47,849		43,990		91,839		7,659		—	May 2017	(1),(2),(3)
Park Hyatt Beaver Creek Resort & Spa	Beaver Creek, CO	70,500		89,117		56,383		—		11,206		89,117		67,589		156,706		16,876		—	March 2017	(1),(2),(3)
The Ritz-Carlton Sarasota	Sarasota, FL	98,500		83,630		99,782		—		(5,755)		83,630		94,027		177,657		15,523		—	April 2018	(1),(2),(3)
The Ritz-Carlton St. Thomas	St. Thomas, USVI	42,500		25,533		38,467		—		80,355		25,533		118,822		144,355		24,863		—	December 2015	(1),(2),(3)
The Ritz-Carlton Lake Tahoe	Truckee, CA	54,000		26,731		91,603		—		5,759		26,731		97,362		124,093		11,316		—	January 2019	(1),(2),(3)
Mr. C Beverly Hills Hotel	Beverly Hills, CA	30,000		29,346		45,078		—		820		29,346		45,898		75,244		3,424		—	August 2021	(1),(2),(3)
The Ritz-Carlton Reserve Dorado Beach	Dorado, Puerto Rico	54,000		79,711		117,510		—		1,270		79,711		118,780		198,491		5,124		—	March 2022	(1),(2),(3)
Four Seasons Resort Scottsdale	Scottsdale, AZ	100,000		70,248		197,610		—		383		70,248		197,993		268,241		781		—	December 2022	(1),(2),(3)
Total		$	1,250,500	$	634,603	$	1,432,359	$	—	$	258,131	$	634,603	$	1,690,490	$	2,325,093	$	440,492

__________________

(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)The cost of land and depreciable property, net of accumulated depreciation, for U.S. federal income tax purposes was approximately $1.9 billion as of December 31, 2022.


	Year Ended December 31,
	2022		2021		2020
Investment in real estate:
Beginning balance	$	1,845,078	$	1,784,849	$	1,791,174
Additions	516,754		95,663		16,067
Write-offs	(36,739)		(32,677)		(22,392)

Sales/disposals	—		(2,757)		—
Ending balance	$	2,325,093	$	1,845,078	$	1,784,849
Accumulated depreciation:
Beginning balance	399,481		360,259		309,752
Depreciation expense	77,750		73,054		72,899

Write-offs	(36,739)		(32,677)		(22,392)
Sales/disposals	—		(1,155)		—
Ending balance	$	440,492	$	399,481	$	360,259
Investment in real estate, net	$	1,884,601	$	1,445,597	$	1,424,590