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Schedule III - Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2011
Schedule III - Real Estate and Accumulated Depreciation [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation [Text Block]
Schedule III – Real Estate and Accumulated Depreciation
as of December 31, 2011
(in thousands)

 
 
 
 


Initial Cost
 
Cost Capitalized
Subsequent to
Acquisition
 
Gross Amounts at
Which Carried
at Close of Period
 
 
 

Accumulated
Depreciation
Buildings &
Improvements
 
 
 
 
 

Life Upon
Which
Depreciation
is Computed

Location
 

Encumbrances
 

Land
 
Building and
Improvements
 

Land
 
Building and
Improvements
 

Land
 
Building and
Improvements
 

Total
 
 
Year
Opened
 
Date
Acquired
 
Birmingham, AL (a)
 
$
16,420

 
$
2,843

 
$
29,286

 
$

 
$
4,249

 
$
2,843

 
$
33,535

 
$
36,378

 
$
12,643

 
1987
 
1/3/1996
 
15 - 40 Yrs
Phoenix - Biltmore, AZ (a)
 
18,353

 
4,694

 
38,998

 

 
3,788

 
4,694

 
42,786

 
47,480

 
16,481

 
1985
 
1/3/1996
 
15 - 40 Yrs
Phoenix – Crescent, AZ (b)
 

 
3,608

 
29,583

 

 
1,934

 
3,608

 
31,517

 
35,125

 
10,708

 
1986
 
6/30/1997
 
15 - 40 Yrs
Anaheim – North, CA (a)
 
19,419

 
2,548

 
14,832

 

 
1,927

 
2,548

 
16,759

 
19,307

 
6,511

 
1987
 
1/3/1996
 
15 - 40 Yrs
Dana Point – Doheny Beach, CA (c)
 
(l)

 
1,787

 
15,545

 

 
4,255

 
1,787

 
19,800

 
21,587

 
6,853

 
1992
 
2/21/1997
 
15 - 40 Yrs
Indian Wells – Esmeralda Resort & Spa, CA (d)
 
(k)

 
30,948

 
73,507

 

 
1,944

 
30,948

 
75,451

 
106,399

 
7,633

 
1989
 
12/16/2007
 
15 - 40 Yrs
Los Angeles – International Airport – South, CA (a)
 
(k)

 
2,660

 
17,997

 

 
2,012

 
2,660

 
20,009

 
22,669

 
8,328

 
1985
 
3/27/1996
 
15 - 40 Yrs
Milpitas – Silicon Valley, CA(a)
 
10,676

 
4,021

 
23,677

 

 
4,063

 
4,021

 
27,740

 
31,761

 
10,524

 
1987
 
1/3/1996
 
15 - 40 Yrs
Napa Valley, CA (a)
 
14,936

 
2,218

 
14,205

 

 
3,641

 
2,218

 
17,846

 
20,064

 
6,436

 
1985
 
5/8/1996
 
15 - 40 Yrs
Oxnard - Mandalay Beach – Hotel & Resort, CA (a)
 
(l)

 
2,930

 
22,125

 

 
8,568

 
2,930

 
30,693

 
33,623

 
10,816

 
1986
 
5/8/1996
 
15 - 40 Yrs
San Diego – On the Bay, CA (e)
 
(j)

 

 
68,229

 

 
9,597

 

 
77,826

 
77,826

 
31,913

 
1965
 
7/28/1998
 
15 - 40 Yrs
San Francisco – Airport/Burlingame, CA (a)
 
(j)

 

 
39,929

 

 
2,958

 

 
42,887

 
42,887

 
16,619

 
1986
 
11/6/1995
 
15 - 40 Yrs
San Francisco – Airport/South San Francisco, CA (a)
 
24,131

 
3,418

 
31,737

 

 
4,035

 
3,418

 
35,772

 
39,190

 
13,764

 
1988
 
1/3/1996
 
15 - 40 Yrs
San Francisco - Fisherman’s Wharf, CA (e)
 
(j)

 

 
61,883

 

 
17,040

 

 
78,923

 
78,923

 
38,035

 
1970
 
7/28/1998
 
15 - 40 Yrs
San Francisco –Union Square, CA (f)
 
(j)

 
8,466

 
73,684

 
(434
)
 
50,220

 
8,032

 
123,904

 
131,936

 
32,572

 
1970
 
7/28/1998
 
15 - 40 Yrs
Santa Barbara – Goleta, CA (e)
 
(l)

 
1,683

 
14,647

 
4

 
1,579

 
1,687

 
16,226

 
17,913

 
5,366

 
1969
 
7/28/1998
 
15 - 40 Yrs
Santa Monica Beach – at the Pier, CA (e)
 
(l)

 
10,200

 
16,580

 

 
352

 
10,200

 
16,932

 
27,132

 
3,307

 
1967
 
3/11/2004
 
15 - 40 Yrs
Toronto - Airport, Canada (e)
 
(j)

 

 
21,041

 

 
16,814

 

 
37,855

 
37,855

 
13,406

 
1970
 
7/28/1998
 
15 - 40 Yrs
Wilmington, DE (c)
 

 
1,379

 
12,487

 

 
11,270

 
1,379

 
23,757

 
25,136

 
8,167

 
1972
 
3/20/1998
 
15 - 40 Yrs
Boca Raton, FL (a)
 
(l)

 
1,868

 
16,253

 

 
3,216

 
1,868

 
19,469

 
21,337

 
8,770

 
1989
 
2/28/1996
 
15 - 40 Yrs
Deerfield Beach – Resort & Spa, FL (a)
 
23,390

 
4,523

 
29,443

 
68

 
6,341

 
4,591

 
35,784

 
40,375

 
13,300

 
1987
 
1/3/1996
 
15 - 40 Yrs
FELCOR LODGING TRUST INCORPORATED and FELCOR LODGING LIMITED PARTNERSHIP
Schedule III – Real Estate and Accumulated Depreciation – (continued)
as of December 31, 2011
(in thousands)
 
 
 
 


Initial Cost
 
Cost Capitalized
Subsequent to
Acquisition
 
Gross Amounts at
Which Carried
at Close of Period
 
 
 

Accumulated
Depreciation
Buildings &
Improvements
 
 
 
 
 

Life Upon
Which
Depreciation
is Computed

Location
 

Encumbrances
 

Land
 
Building and
Improvements
 

Land
 
Building and
Improvements
 

Land
 
Building and
Improvements
 

Total
 
 
Year
Opened
 
Date
Acquired
 
Ft. Lauderdale – 17th Street, FL (a)
 
$
18,964

 
$
5,329

 
$
47,850

 
(163
)
 
$
5,882

 
$
5,166

 
$
53,732

 
$
58,898

 
$
20,711

 
1986
 
1/3/1996
 
15 - 40 Yrs
Ft. Lauderdale – Cypress Creek, FL (b)
 
13,759

 
3,009

 
26,177

 

 
2,752

 
3,009

 
28,929

 
31,938

 
9,227

 
1986
 
5/4/1998
 
15 - 40 Yrs
Jacksonville – Baymeadows, FL (a)
 
19,415

 
1,130

 
9,608

 

 
8,344

 
1,130

 
17,952

 
19,082

 
6,949

 
1986
 
7/28/1994
 
15 - 40 Yrs
Miami – International Airport, FL (a)
 
17,618

 
4,135

 
24,950

 

 
6,249

 
4,135

 
31,199

 
35,334

 
11,471

 
1983
 
1/3/1996
 
15 - 40 Yrs
Orlando – International Airport, FL (e)
 
8,445

 
2,549

 
22,188

 
6

 
3,421

 
2,555

 
25,609

 
28,164

 
8,580

 
1984
 
7/28/1998
 
15 - 40 Yrs
Orlando – International Drive South/Convention,  FL (a)
 
19,827

 
1,632

 
13,870

 

 
3,177

 
1,632

 
17,047

 
18,679

 
7,254

 
1985
 
7/28/1994
 
15 - 40 Yrs
Orlando – Walt Disney World Resort, FL (c)
 
(j)

 

 
28,092

 

 
1,780

 

 
29,872

 
29,872

 
13,398

 
1987
 
7/28/1997
 
15 - 40 Yrs
St. Petersburg – Vinoy Resort & Golf Club, FL (d)
 
(k)

 

 
100,823

 

 
4,795

 

 
105,618

 
105,618

 
11,499

 
1925
 
12/16/2007
 
15 - 40 Yrs
Tampa – Tampa Bay, FL (c)
 
10,658

 
2,142

 
18,639

 
1

 
2,934

 
2,143

 
21,573

 
23,716

 
7,717

 
1986
 
7/28/1997
 
15 - 40 Yrs
Atlanta – Airport, GA (a)
 
11,636

 
2,568

 
22,342

 

 
3,713

 
2,568

 
26,055

 
28,623

 
8,287

 
1989
 
5/4/1998
 
15 - 40 Yrs
Atlanta – Buckhead, GA (a)
 
34,327

 
7,303

 
38,996

 
(300
)
 
2,873

 
7,003

 
41,869

 
48,872

 
15,645

 
1988
 
10/17/1996
 
15 - 40 Yrs
Atlanta – Galleria, GA (b)
 
17,199

 
5,052

 
28,507

 

 
2,252

 
5,052

 
30,759

 
35,811

 
10,723

 
1990
 
6/30/1997
 
15 - 40 Yrs
Atlanta – Gateway-Atlanta Airport, GA (b)
 
(j)

 
5,113

 
22,857

 

 
1,889

 
5,113

 
24,746

 
29,859

 
8,733

 
1986
 
6/30/1997
 
15 - 40 Yrs
Indianapolis – North, IN (a)
 
10,876

 
5,125

 
13,821

 

 
6,529

 
5,125

 
20,350

 
25,475

 
10,183

 
1986
 
8/1/1996
 
15 - 40 Yrs
Baton Rouge, LA (a)
 
11,633

 
2,350

 
19,092

 
1

 
2,655

 
2,351

 
21,747

 
24,098

 
8,298

 
1985
 
1/3/1996
 
15 - 40 Yrs
New Orleans – Convention Center, LA (a)
 

 
3,647

 
31,993

 

 
8,489

 
3,647

 
40,482

 
44,129

 
16,567

 
1984
 
12/1/1994
 
15 - 40 Yrs
New Orleans – French Quarter, LA (e)
 
(j)

 

 
50,732

 

 
9,565

 

 
60,297

 
60,297

 
20,214

 
1969
 
7/28/1998
 
15 - 40 Yrs
Boston – at Beacon Hill, MA(e)
 
(j)

 

 
45,192

 

 
9,263

 

 
54,455

 
54,455

 
24,472

 
1968
 
7/28/1998
 
15 - 40 Yrs
Boston – Copley Plaza, MA(h)
 
(k)

 
27,600

 
62,500

 

 
2,105

 
27,600

 
64,605

 
92,205

 
2,110

 
1912
 
8/18/2010
 
15 - 40 Yrs
Boston – Marlborough, MA (a)
 
20,392

 
948

 
8,143

 
761

 
14,792

 
1,709

 
22,935

 
24,644

 
8,393

 
1988
 
6/30/1995
 
15 - 40 Yrs
FELCOR LODGING TRUST INCORPORATED and FELCOR LODGING LIMITED PARTNERSHIP
Schedule III – Real Estate and Accumulated Depreciation – (continued)
as of December 31, 2011
(in thousands)
 
 
 
 


Initial Cost
 
Cost Capitalized
Subsequent to
Acquisition
 
Gross Amounts at
Which Carried
at Close of Period
 
 
 

Accumulated
Depreciation
Buildings &
Improvements
 
 
 
 
 

Life Upon
Which
Depreciation
is Computed

Location
 

Encumbrances
 

Land
 
Building and
Improvements
 

Land
 
Building and
Improvements
 

Land
 
Building and
Improvements
 

Total
 
 
Year
Opened
 
Date
Acquired
 
Baltimore – at BWI Airport, MD(a)
 
$
20,653

 
$
2,568

 
$
22,433

 
$
(2
)
 
$
4,114

 
$
2,566

 
$
26,547

 
29,113

 
9,503

 
1987
 
3/20/1997
 
15 - 40 Yrs
Bloomington, MN(a)
 
15,102

 
2,038

 
17,731

 

 
3,128

 
2,038

 
20,859

 
22,897

 
7,470

 
1980
 
2/1/1997
 
15 - 40 Yrs
Minneapolis – Airport, MN(a)
 
18,797

 
5,417

 
36,508

 
24

 
2,252

 
5,441

 
38,760

 
44,201

 
15,241

 
1986
 
11/6/1995
 
15 - 40 Yrs
St Paul – Downtown, MN(a)
 

 
1,156

 
17,315

 

 
1,762

 
1,156

 
19,077

 
20,233

 
7,449

 
1983
 
11/15/1995
 
15 - 40 Yrs
Charlotte – SouthPark, NC (c)
 
(l)

 
1,458

 
12,681

 

 
3,283

 
1,458

 
15,964

 
17,422

 
4,137

 
N/A
 
7/12/2002
 
15 - 40 Yrs
Raleigh/Durham, NC (c)
 
14,230

 
2,124

 
18,476

 

 
2,549

 
2,124

 
21,025

 
23,149

 
7,160

 
1987
 
7/28/1997
 
15 - 40 Yrs
New York - Morgans
 
(k)

 
16,200

 
29,872

 

 
193

 
16,200

 
30,065

 
46,265

 
436

 
1984
 
5/23/2011
 
15 - 40 Yrs
New York - Royalton
 
(k)

 
32,500

 
48,423

 

 
484

 
32,500

 
48,907

 
81,407

 
708

 
1988
 
5/23/2011
 
15 - 40 Yrs
Philadelphia – Historic District, PA (e)
 
(l)

 
3,164

 
27,535

 
7

 
9,899

 
3,171

 
37,434

 
40,605

 
13,702

 
1972
 
7/28/1998
 
15 - 40 Yrs
Philadelphia – Society Hill, PA(b)
 
42,864

 
4,542

 
45,121

 

 
8,716

 
4,542

 
53,837

 
58,379

 
18,146

 
1986
 
10/1/1997
 
15 - 40 Yrs
Pittsburgh – at University Center (Oakland), PA (e)
 
(l)

 

 
25,031

 

 
3,341

 

 
28,372

 
28,372

 
9,832

 
1988
 
11/1/1998
 
15 - 40 Yrs
Charleston – Mills House, SC(e)
 
21,018

 
3,251

 
28,295

 
7

 
5,148

 
3,258

 
33,443

 
36,701

 
10,557

 
1982
 
7/28/1998
 
15 - 40 Yrs
Myrtle Beach – Oceanfront Resort, SC (a)
 
(j)

 
2,940

 
24,988

 

 
6,024

 
2,940

 
31,012

 
33,952

 
10,842

 
1987
 
12/5/1996
 
15 - 40 Yrs
Myrtle Beach Resort (g)
 
(l)

 
9,000

 
19,844

 
6

 
29,940

 
9,006

 
49,784

 
58,790

 
10,958

 
1974
 
7/23/2002
 
15 - 40 Yrs
Nashville – Airport – Opryland Area, TN (a)
 
(l)

 
1,118

 
9,506

 

 
1,892

 
1,118

 
11,398

 
12,516

 
5,251

 
1985
 
7/28/1994
 
15 - 40 Yrs
Nashville – Opryland – Airport (Briley Parkway), TN(e)
 
(j)

 

 
27,734

 

 
3,381

 

 
31,115

 
31,115

 
14,225

 
1981
 
7/28/1998
 
15 - 40 Yrs
Austin, TX (c)
 
8,288

 
2,508

 
21,908

 

 
3,562

 
2,508

 
25,470

 
27,978

 
9,261

 
1987
 
3/20/1997
 
15 - 40 Yrs
Dallas – Love Field, TX (a)
 
13,580

 
1,934

 
16,674

 

 
3,865

 
1,934

 
20,539

 
22,473

 
7,966

 
1986
 
3/29/1995
 
15 - 40 Yrs
Dallas – Park Central, TX (i)
 

 
4,513

 
43,125

 
762

 
7,967

 
5,275

 
51,092

 
56,367

 
17,943

 
1983
 
6/30/1997
 
15 - 40 Yrs
Houston - Medical Center, TX(e)
 
(l)

 

 
22,027

 

 
6,161

 

 
28,188

 
28,188

 
8,770

 
1984
 
7/28/1998
 
15 - 40 Yrs
San Antonio - International Airport, TX (e)
 
19,587

 
3,351

 
29,168

 
(185
)
 
4,024

 
3,166

 
33,192

 
36,358

 
11,234

 
1981
 
7/28/1998
 
15 - 40 Yrs
Burlington Hotel & Conference Center, VT (b)
 
30,482

 
3,136

 
27,283

 
(2
)
 
2,944

 
3,134

 
30,227

 
33,361

 
10,505

 
1967
 
12/4/1997
 
15 - 40 Yrs
Total hotels
 
$
546,675

 
$
272,344

 
$
1,873,718

 
$
561

 
$
377,891

 
$
272,905

 
$
2,251,609

 
$
2,524,514

 
$
723,879

 
 
 
 
 
 
Other properties (less than 5% of total)
 
$

 
$
550

 
$
3,686

 
$

 
$
180

 
$
550

 
$
3,866

 
$
4,416

 
$
103

 
 
 
 
 
 
Total
 
$
546,675

 
$
272,894

 
$
1,877,404


$
561


$
378,071


$
273,455


$
2,255,475


$
2,528,930


$
723,982

 
 
 
 
 
 
Schedule III – Real Estate and Accumulated Depreciation – (continued)
as of December 31, 2011
(in thousands)


(a)    Embassy Suites Hotel
(b)    Sheraton
(c)    Doubletree Guest Suites
(d)    Renaissance Resort
(e)    Holiday Inn
(f)    Marriott
(g)    Hilton
(h)    Fairmont
(i)    Westin
(j)    This hotel provides collateral for our 10% senior notes due in 2014.
(k)    This hotel provides collateral for our 6.75% senior notes due in 2019.
(l)    This hotel provides collateral for our $225 million line of credit.

 
 
Year Ended December 31,
 
 
2011
 
2010
 
2009
Reconciliation of Land and Buildings and Improvements
 
 
 
 
 
 
Balance at beginning of period
 
$
2,609,050

 
$
2,541,962

 
$
2,586,034

Additions during period:
 
 
 
 
 
 
Acquisitions
 
131,231

 
90,100

 

Improvements
 
34,981

 
22,863

 
51,895

Deductions during period:
 
 
 
 
 
 
Disposition of properties
 
(246,332
)
 

 
(95,967
)
Foreclosures
 

 
(45,875
)
 

Balance at end of period before impairment charges
 
2,528,930

 
2,609,050

 
2,541,962

Cumulative impairment charges on real estate assets owned at
end of period
 
(151,408
)
 
(179,477
)
 
(49,680
)
Balance at end of period
 
$
2,377,522

 
$
2,429,573

 
$
2,492,282

Reconciliation of Accumulated Depreciation
 
 
 
 
 
 
Balance at beginning of period
 
$
729,420

 
$
672,160

 
$
629,920

Additions during period:
 
 
 
 
 
 
Depreciation for the period
 
68,826

 
71,821

 
69,408

Deductions during period:
 
 
 
 
 
 
Disposition of properties
 
(74,264
)
 
(14,561
)
 
(27,168
)
Balance at end of period
 
$
723,982

 
$
729,420

 
$
672,160