SCHEDULE III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

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, 2023
(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	$	703,482	$	72,677	$	719,412	$	792,089	$	455,602	1983	20-40
Gaylord Palms	(1)		21,564		314,661		212,454		39,341		509,338		548,679		228,937	2002	20-40
Gaylord Texan	(1)		21,235		388,030		191,935		49,962		551,238		601,200		249,361	2004	20-40
Gaylord National	(1)		43,212		840,261		70,194		47,609		906,058		953,667		345,160	2008	20-40
Gaylord Rockies	(2)		53,374		760,898		30,913		68,858		776,327		845,185		116,888	2018	20-40
JW Marriott Hill Country	(1)		139,196		558,584		10,273		149,469		558,584		708,053		8,145	2023	20-40
Inn at Opryland	—		2,675		7,248		21,324		3,347		27,900		31,247		13,490	1998	20-40
AC Hotel	—		9,079		17,340		4,877		9,101		22,195		31,296		4,867	2014	20-40
Miscellaneous	—		43,337		6,717		8,585		53,434		5,205		58,639		14,222	N/A	20-40
	—	$	345,154	$	2,970,864	$	1,254,037	$	493,798	$	4,076,257	$	4,570,055	$	1,436,672

	2023		2022		2021
Investment in real estate:
Balance at beginning of year	$	3,810,923	$	3,792,011	$	3,642,007
Other acquisitions		697,780		—		22,227
Improvements		61,440		23,034		146,030
Disposals		(88)		(4,122)		(2,058)
Other deductions (4)		—		—		(16,195)
Balance at end of year	$	4,570,055	$	3,810,923	$	3,792,011
Accumulated depreciation:
Balance at beginning of year	$	1,327,833	$	1,229,727	$	1,140,564
Depreciation		108,846		99,533		99,104
Disposals		(7)		(1,427)		(1,346)
Other deductions (4)		—		—		(8,595)
Balance at end of year	$	1,436,672	$	1,327,833	$	1,229,727

(1) Pledged as collateral under the Company’s credit facility. At December 31, 2023, $510.8 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, 2023, $800.0 million in borrowings were outstanding under such loan.

(3) The aggregate cost of these assets for federal income tax purposes (unaudited) is approximately $3.5 billion at December 31, 2023.

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