Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2015

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2015

(Amounts in thousands)

				Initital Cost to Company						Gross Amount at End of Year
	Encmbr			Land		Bldgs & Impr		Costs Capitalized Subs to Acq		Land		Bldgs & Impr		Total (2)		Acc Depr		Date Acq/ Constr	Depr Life (yrs)
Gaylord Opryland		(1	)	$	9,817	$	77,125	$	543,435	$	47,961	$	582,416	$	630,377	$	301,695	1983	20-40
Gaylord Palms		(1	)		21,564		314,661		42,867		29,938		349,154		379,092		132,480	2002	20-40
Gaylord Texan		(1	)		21,235		388,030		75,930		44,095		441,100		485,195		132,166	2004	20-40
Gaylord National		(1	)		43,212		840,261		16,909		46,651		853,731		900,382		164,817	2008	20-40
Inn at Opryland		—			2,675		7,248		12,707		2,920		19,710		22,630		7,259	1998	20-40
AC Hotel		—			9,079		17,340		3,607		9,089		20,937		30,026		542	2014	20-40
Miscellaneous		—			21,290		16,250		25,337		40,016		22,861		62,877		15,902	N/A	20-40
		—		$	128,872	$	1,660,915	$	720,792	$	220,670	$	2,289,909	$	2,510,579	$	754,861

	2015			2014			2013
Investment in real estate:
Balance at beginning of year	$	2,488,361		$	2,436,266		$	2,429,282
Acquisitions		—			33,077			—
Improvements		22,302			19,150			11,806
Disposals		(84	)		(132	)		(3,406	)
Impairments		—			—			(1,416	)
Balance at end of year	$	2,510,579		$	2,488,361		$	2,436,266
Accumulated depreciation:
Balance at beginning of year	$	691,691		$	629,292		$	568,681
Depreciation		63,180			62,492			64,095
Disposals		(10	)		(93	)		(3,484	)
Balance at end of year	$	754,861		$	691,691		$	629,292

(1) Pledged as collateral under the Company’s credit facility. At December 31, 2015, $308.2 million in borrowings and letters of credit were outstanding under such facility.

(2) The aggregate cost of properties for federal income tax purposes is approximately $2.4 billion at December 31, 2015.