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Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended
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Dec. 31, 2024
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, 2024 (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. |  | $ | 110,600 |  |  | $ | 45,721 |  |  | $ | 106,245 |  |  | $ | — |  |  | $ | 59,536 |  |  | $ | 45,721 |  |  | $ | 165,781 |  |  | $ | 211,502 |  |  | $ | 77,489 |  |  | — |  |  | April 2007 |  | (1),(2),(3)
Marriott Seattle Waterfront |  | Seattle, WA |  | 90,785 |  |  | 31,888 |  |  | 112,176 |  |  | — |  |  | 23,177 |  |  | 31,888 |  |  | 135,353 |  |  | 167,241 |  |  | 63,180 |  |  | — |  |  | April 2007 |  | (1),(2),(3)
The Notary Hotel |  | Philadelphia, PA |  | 57,018 |  |  | 9,814 |  |  | 94,029 |  |  | — |  |  | 20,009 |  |  | 9,814 |  |  | 114,038 |  |  | 123,852 |  |  | 56,633 |  |  | — |  |  | April 2007 |  | (1),(2),(3)
The Clancy |  | San Francisco, CA |  | 78,384 |  |  | 22,653 |  |  | 72,731 |  |  | — |  |  | 33,790 |  |  | 22,653 |  |  | 106,521 |  |  | 129,174 |  |  | 58,121 |  |  | — |  |  | April 2007 |  | (1),(2),(3)
Sofitel Chicago Magnificent Mile |  | Chicago, IL |  | 66,993 |  |  | 12,631 |  |  | 140,369 |  |  | — |  |  | 957 |  |  | 12,631 |  |  | 141,326 |  |  | 153,957 |  |  | 41,397 |  |  | — |  |  | February 2014 |  | (1),(2),(3)
Pier House Resort & Spa |  | Key West, FL |  | 94,000 |  |  | 59,731 |  |  | 33,011 |  |  | — |  |  | (576) |  |  | 59,731 |  |  | 32,435 |  |  | 92,166 |  |  | 11,850 |  |  | — |  |  | March 2014 |  | (1),(2),(3)
Bardessono Hotel and Spa |  | Yountville, CA |  | 39,000 |  |  | — |  |  | 64,184 |  |  | — |  |  | 3,924 |  |  | — |  |  | 68,108 |  |  | 68,108 |  |  | 16,421 |  |  | — |  |  | July 2015 |  | (1),(2),(3)
Hotel Yountville |  | Yountville, CA |  | 37,000 |  |  | 47,849 |  |  | 48,567 |  |  | — |  |  | (1,922) |  |  | 47,849 |  |  | 46,645 |  |  | 94,494 |  |  | 10,372 |  |  | — |  |  | May 2017 |  | (1),(2),(3)
Park Hyatt Beaver Creek Resort & Spa |  | Beaver Creek, CO |  | 70,500 |  |  | 89,117 |  |  | 56,383 |  |  | 353 |  |  | 20,193 |  |  | 89,470 |  |  | 76,575 |  |  | 166,045 |  |  | 21,338 |  |  | — |  |  | March 2017 |  | (1),(2),(3)
The Ritz-Carlton Sarasota |  | Sarasota, FL |  | 130,000 |  |  | 83,630 |  |  | 99,782 |  |  | — |  |  | 11,670 |  |  | 83,630 |  |  | 111,452 |  |  | 195,082 |  |  | 25,415 |  |  | — |  |  | April 2018 |  | (1),(2),(3)
The Ritz-Carlton St. Thomas |  | St. Thomas, USVI |  | 107,000 |  |  | 25,533 |  |  | 38,467 |  |  | — |  |  | 67,082 |  |  | 25,533 |  |  | 105,549 |  |  | 131,082 |  |  | 20,651 |  |  | — |  |  | December 2015 |  | (1),(2),(3)
The Ritz-Carlton Lake Tahoe |  | Truckee, CA |  | 53,413 |  |  | 26,731 |  |  | 91,603 |  |  | — |  |  | 40,725 |  |  | 26,731 |  |  | 132,328 |  |  | 159,059 |  |  | 23,772 |  |  | — |  |  | January 2019 |  | (1),(2),(3)
Cameo Beverly Hills |  | Beverly Hills, CA |  | — |  |  | 29,346 |  |  | 45,078 |  |  | — |  |  | 4,525 |  |  | 29,346 |  |  | 49,603 |  |  | 78,949 |  |  | 7,556 |  |  | — |  |  | August 2021 |  | (1),(2),(3)
The Ritz-Carlton Reserve Dorado Beach |  | Dorado, Puerto Rico |  | 62,000 |  |  | 79,711 |  |  | 117,510 |  |  | — |  |  | 8,246 |  |  | 79,711 |  |  | 125,756 |  |  | 205,467 |  |  | 18,928 |  |  | — |  |  | March 2022 |  | (1),(2),(3)
Four Seasons Resort Scottsdale |  | Scottsdale, AZ |  | 140,000 |  |  | 70,248 |  |  | 197,610 |  |  | — |  |  | 8,538 |  |  | 70,248 |  |  | 206,148 |  |  | 276,396 |  |  | 20,765 |  |  | — |  |  | December 2022 |  | (1),(2),(3)
Total |  |  |  | $ | 1,136,693 |  |  | $ | 634,603 |  |  | $ | 1,317,745 |  |  | $ | 353 |  |  | $ | 299,874 |  |  | $ | 634,956 |  |  | $ | 1,617,618 |  |  | $ | 2,252,574 |  |  | $ | 473,888 |  |  |  |  |  |  |
__________________ (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 $1.7 billion as of December 31, 2024.
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Investment in real estate: |  |  |  |  |
Beginning balance | $ | 2,382,716 |  |  | $ | 2,325,093 |  |  | $ | 1,845,078 |
Additions | 57,758 |  |  | 92,384 |  |  | 516,754 |
Write-offs | (66,227) |  |  | (34,761) |  |  | (36,739) |
Sales/disposals | (121,673) |  |  | — |  |  | — |
Ending balance | $ | 2,252,574 |  |  | $ | 2,382,716 |  |  | $ | 2,325,093 |
Accumulated depreciation: |  |  |  |  |
Beginning balance | 498,508 |  |  | 440,492 |  |  | 399,481 |
Depreciation expense | 98,286 |  |  | 92,777 |  |  | 77,750 |
Write-offs | (66,227) |  |  | (34,761) |  |  | (36,739) |
Sales/disposals | (56,679) |  |  | — |  |  | — |
Ending balance | $ | 473,888 |  |  | $ | 498,508 |  |  | $ | 440,492 |
Investment in real estate, net | $ | 1,778,686 |  |  | $ | 1,884,208 |  |  | $ | 1,884,601 |

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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 -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 28 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 970 -SubTopic 360 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478979/970-360-S99-1 + Details
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