SCHEDULE III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

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, 2021
(Amounts in thousands)

						Costs
		Initial 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)	$	11,482	$	77,125	$	691,991	$	71,200	$	709,398	$	780,598	$	415,006	1983	20-40
Gaylord Palms	(1)		21,564		314,661		197,255		39,190		494,290		533,480		200,561	2002	20-40
Gaylord Texan	(1)		21,235		388,030		185,144		49,003		545,406		594,409		218,248	2004	20-40
Gaylord National	(1)		43,212		840,261		61,095		47,609		896,959		944,568		298,182	2008	20-40
Gaylord Rockies	(2)		53,374		760,898		5,317		55,538		764,051		819,589		69,434	2018	20-40
Inn at Opryland	—		2,675		7,248		19,233		3,049		26,107		29,156		11,763	1998	20-40
AC Hotel	—		9,079		17,340		3,781		9,099		21,101		30,200		3,749	2014	20-40
Miscellaneous	—		43,337		6,717		9,957		54,806		5,205		60,011		12,784	N/A	20-40
	—	$	205,958	$	2,412,280	$	1,173,773	$	329,494	$	3,462,517	$	3,792,011	$	1,229,727

	2021		2020		2019
Investment in real estate:
Balance at beginning of year	$	3,642,007	$	3,615,025	$	3,563,304
Other acquisitions		22,227		—		—
Improvements		146,030		27,911		53,373
Disposals		(2,058)		(929)		(1,652)
Other deductions (4)		(16,195)		—		—
Balance at end of year	$	3,792,011	$	3,642,007	$	3,615,025
Accumulated depreciation:
Balance at beginning of year	$	1,140,564	$	1,044,689	$	949,630
Depreciation		99,104		96,263		95,415
Disposals		(1,346)		(388)		(356)
Other deductions (4)		(8,595)		—		—
Balance at end of year	$	1,229,727	$	1,140,564	$	1,044,689

(1) Pledged as collateral under the Company’s credit facility. At December 31, 2021, $866.5 million in borrowings and letters of credit were outstanding under such facility.

(2) Pledged as collateral under the Gaylord Rockies term loan. At December 31, 2021, $800.0 million in borrowings were outstanding under such loan.

(3) The aggregate cost of properties for federal income tax purposes is approximately $3.4 billion at December 31, 2021.

(4) Other deductions represents assets transferred as part of an internal reorganization.