Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

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

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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)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