SCHEDULE III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

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, 2020
(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 (3)		Acc Depr		Constr	(yrs)
Gaylord Opryland	(1)	$	9,817	$	77,125	$	690,718	$	69,613	$	708,047	$	777,660	$	394,058	1983	20-40
Gaylord Palms	(1)		21,564		314,661		75,273		35,512		375,986		411,498		186,607	2002	20-40
Gaylord Texan	(1)		21,235		388,030		184,213		48,554		544,924		593,478		202,554	2004	20-40
Gaylord National	(1)		43,212		840,261		40,237		47,609		876,101		923,710		275,329	2008	20-40
Gaylord Rockies (4)	(2)		53,374		760,898		4,170		55,094		763,348		818,442		46,189	2018	20-40
Inn at Opryland	—		2,675		7,248		19,189		3,028		26,084		29,112		10,897	1998	20-40
AC Hotel	—		9,079		17,340		3,776		9,099		21,096		30,195		3,212	2014	20-40
Miscellaneous	—		21,290		16,250		20,372		35,927		21,985		57,912		21,718	N/A	20-40
	—	$	182,246	$	2,421,813	$	1,037,948	$	304,436	$	3,337,571	$	3,642,007	$	1,140,564

	2020		2019		2018
Investment in real estate:
Balance at beginning of year	$	3,615,025	$	3,563,304	$	2,570,390
Acquisitions		—		—		814,765
Improvements		27,911		53,373		179,787
Disposals		(929)		(1,652)		(1,638)
Balance at end of year	$	3,642,007	$	3,615,025	$	3,563,304
Accumulated depreciation:
Balance at beginning of year	$	1,044,689	$	949,630	$	883,445
Depreciation		96,263		95,415		67,652
Disposals		(388)		(356)		(1,467)
Balance at end of year	$	1,140,564	$	1,044,689	$	949,630

(1) Pledged as collateral under the Company’s credit facility. At December 31, 2020, $788.0 million in borrowings and letters of credit were outstanding under such facility.

(2) Pledged as collateral under the Gaylord Rockies joint venture term loan. At December 31, 2020, $800.0 million in borrowings were outstanding under such loan.

(3) The aggregate cost of properties for federal income tax purposes is approximately $3.1 billion at December 31, 2020.

(4) The Company owns a 65.0% investment in the joint venture that owns Gaylord Rockies.