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SCHEDULE III Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2018
SCHEDULE III Real Estate and Accumulated Depreciation  
SCHEDULE III Real Estate and Accumulated Depreciation

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES
SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2018
(Amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Initital Cost to Company

 

Capitalized

 

Gross Amount at End of Year

 

 

 

 

Date Acq/

 

Depr Life

 

    

Encmbr

    

Land

    

Bldgs & Impr

     

Subs to Acq

    

Land

    

Bldgs & Impr

    

Total (2)

    

Acc Depr

    

Constr

    

(yrs)

Gaylord Opryland

    

(1)

    

$

9,817

    

$

77,125

    

$

656,373

    

$

65,230

    

$

678,085

    

$

743,315

    

$

352,407

    

1983

    

20-40

Gaylord Palms

 

(1)

 

 

21,564

 

 

314,661

 

 

53,101

 

 

35,049

 

 

354,278

 

 

389,327

 

 

163,852

 

2002

 

20-40

Gaylord Texan

 

(1)

 

 

21,235

 

 

388,030

 

 

174,227

 

 

47,903

 

 

535,588

 

 

583,491

 

 

171,749

 

2004

 

20-40

Gaylord National

 

(1)

 

 

43,212

 

 

840,261

 

 

38,777

 

 

47,428

 

 

874,822

 

 

922,250

 

 

230,723

 

2008

 

20-40

Gaylord Rockies (3)

 

 —

 

 

57,478

 

 

757,287

 

 

 —

 

 

57,478

 

 

757,287

 

 

814,765

 

 

 —

 

2018

 

20-40

Inn at Opryland

 

 —

 

 

2,675

 

 

7,248

 

 

16,098

 

 

2,980

 

 

23,042

 

 

26,022

 

 

9,147

 

1998

 

20-40

AC Hotel

 

 —

 

 

9,079

 

 

17,340

 

 

3,656

 

 

9,099

 

 

20,975

 

 

30,074

 

 

2,138

 

2014

 

20-40

Miscellaneous

 

 —

 

 

21,290

 

 

16,250

 

 

16,519

 

 

36,016

 

 

18,044

 

 

54,060

 

 

19,614

 

N/A

 

20-40

 

 

 —

 

$

186,350

 

$

2,418,202

 

$

958,751

 

$

301,183

 

$

3,262,121

 

$

3,563,304

 

$

949,630

 

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

Investment in real estate:

    

 

  

    

 

  

    

 

  

Balance at beginning of year

 

$

2,570,390

 

$

2,529,641

 

$

2,510,579

Acquisitions

 

 

814,765

 

 

 —

 

 

 —

Improvements

 

 

179,787

 

 

40,749

 

 

21,899

Disposals

 

 

(1,638)

 

 

 —

 

 

(2,837)

Balance at end of year

 

$

3,563,304

 

$

2,570,390

 

$

2,529,641

 

 

 

 

 

 

 

 

 

 

Accumulated depreciation:

 

 

  

 

 

  

 

 

  

Balance at beginning of year

 

$

883,445

 

$

818,323

 

$

754,861

Depreciation

 

 

67,652

 

 

65,122

 

 

63,718

Disposals

 

 

(1,467)

 

 

 —

 

 

(256)

Balance at end of year

 

$

949,630

 

$

883,445

 

$

818,323

(1)

Pledged as collateral under the Company’s credit facility. At December 31, 2018, $527.3 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 $3.2 billion at December 31, 2018.

(3)

The Company owns a 61.2% investment in the joint venture that owns Gaylord Rockies.