Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

FELCOR LODGING TRUST INCORPORATED and FELCOR LODGING LIMITED PARTNERSHIP

Schedule III – Real Estate and Accumulated Depreciation

as of December 31, 2016

(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		Accumulated Depreciation Buildings & Improvements		Year Opened	Date Acquired	Life Upon Which Depreciation is Computed^(*)
Birmingham, AL^(a)	$	22,760	$	2,843	$	29,286	$	—		$	4,759	$	2,843	$	34,045	$	36,888	$	17,433	1987	1/3/1996	15 - 40 Yrs
Phoenix - Biltmore, AZ ^(a)	—		4,694		38,998		—			4,981		4,694		43,979		48,673		22,385		1985	1/3/1996	15 - 40 Yrs
Los Angeles – International Airport – South, CA ^(a)	14,089		2,660		17,997		—			6,609		2,660		24,606		27,266		11,787		1985	3/27/1996	15 - 40 Yrs
Milpitas – Silicon Valley, CA^(a)	(k)		4,021		23,677		—			4,928		4,021		28,605		32,626		14,440		1987	1/3/1996	15 - 40 Yrs
Napa Valley, CA ^(a)	26,639		2,218		14,205		—			6,933		2,218		21,138		23,356		9,791		1985	5/8/1996	15 - 40 Yrs
Oxnard - Mandalay Beach – Hotel & Resort, CA^(a)	—		2,930		22,125		—			11,473		2,930		33,598		36,528		16,466		1986	5/8/1996	15 - 40 Yrs
San Diego Bayside, CA^(j)	—		(l)		68,229		—			13,535		—		81,764		81,764		49,340		1965	7/28/1998	15 - 40 Yrs
San Francisco – Airport/Waterfront, CA ^(a)	—		(m)		39,929		—			8,556		—		48,485		48,485		23,213		1986	11/6/1995	15 - 40 Yrs
San Francisco – Airport/South San Francisco, CA^(a)	(k)		3,418		31,737		—			5,805		3,418		37,542		40,960		18,967		1988	1/3/1996	15 - 40 Yrs
San Francisco - Fisherman’s Wharf, CA ^(e)	—		(n)		61,883		—			18,681		—		80,564		80,564		40,629		1970	7/28/1998	15 - 40 Yrs
San Francisco –Union Square, CA ^(f)	28,881		8,466		73,684		(434		)	54,504		8,032		128,188		136,220		54,995		1970	7/28/1998	15 - 40 Yrs
Santa Monica Beach – at the Pier, CA ^(j)	9,746		10,200		16,580		—			1,917		10,200		18,497		28,697		5,697		1967	3/11/2004	15 - 40 Yrs
Deerfield Beach – Resort & Spa, FL ^(a)	30,184		4,523		29,443		68			7,357		4,591		36,800		41,391		18,715		1987	1/3/1996	15 - 40 Yrs
Ft. Lauderdale – 17th Street, FL ^(a)	34,117		5,329		47,850		(163		)	7,700		5,166		55,550		60,716		28,498		1986	1/3/1996	15 - 40 Yrs
Miami – International Airport, FL ^(a)	—		4,135		24,950		—			7,441		4,135		32,391		36,526		16,470		1983	1/3/1996	15 - 40 Yrs
Orlando – International Drive South/Convention, FL ^(a)	(k)		1,632		13,870		—			5,876		1,632		19,746		21,378		9,879		1985	7/28/1994	15 - 40 Yrs
Orlando – Walt Disney World Resort, FL ^(c)	—		(o)		28,092		—			3,978		—		32,070		32,070		22,536		1987	7/28/1997	15 - 40 Yrs
St. Petersburg – Vinoy Resort & Golf Club, FL ^(d)	20,528		(p)		100,823		—			11,687		—		112,510		112,510		27,440		1925	12/16/2007	15 - 40 Yrs

FELCOR LODGING TRUST INCORPORATED and FELCOR LODGING LIMITED PARTNERSHIP

Schedule III – Real Estate and Accumulated Depreciation – (continued)

as of December 31, 2016

(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		Accumulated Depreciation Buildings & Improvements		Year Opened	Date Acquired	Life Upon Which Depreciation is Computed^(*)
Atlanta – Buckhead, GA ^(a)	(k)		7,303		38,996		(300		)	4,722		7,003		43,718		50,721		21,363		1988	10/17/1996	15 - 40 Yrs
New Orleans – French Quarter, LA ^(j)	—		(q)		50,732		—			11,671		—		62,403		62,403		26,187		1969	7/28/1998	15 - 40 Yrs
Boston – at Beacon Hill, MA ^(j)	—		(r)		45,192		—			6,622		—		51,814		51,814		33,114		1968	7/28/1998	15 - 40 Yrs
Boston – Copley Plaza, MA ^(h)	24,014		27,600		62,500		—			15,086		27,600		77,586		105,186		12,863		1912	8/18/2010	15 - 40 Yrs
Boston – Marlborough, MA ^(a)	(k)		948		8,143		761			16,399		1,709		24,542		26,251		11,719		1988	6/30/1995	15 - 40 Yrs
Minneapolis – Airport, MN ^(a)	36,594		5,417		36,508		24			3,205		5,441		39,713		45,154		20,539		1986	11/6/1995	15 - 40 Yrs
New York - Morgans⁽ⁱ⁾	—		16,200		29,872		—			2,916		16,200		32,788		48,988		4,349		1984	5/23/2011	15 - 40 Yrs
New York - Royalton⁽ⁱ⁾	—		32,500		48,423		—			3,839		32,500		52,262		84,762		7,327		1988	5/23/2011	15 - 40 Yrs
New York - The Knickerbocker^(u)	85,000		85,400		213,941		—			1,741		85,400		215,682		301,082		8,463		2015	12/6/2011	15 - 40 Yrs
Philadelphia – Historic District, PA ^(j)	—		3,164		27,535		7			7,741		3,171		35,276		38,447		15,871		1972	7/28/1998	15 - 40 Yrs
Philadelphia – Society Hill, PA ^(b)	(k)		4,542		45,121		—			10,553		4,542		55,674		60,216		26,430		1986	10/1/1997	15 - 40 Yrs
Pittsburgh – at University Center (Oakland), PA ^(j)	—		(s)		25,031		—			3,265		—		28,296		28,296		12,828		1988	11/1/1998	15 - 40 Yrs
Charleston – Mills House, SC^(j)	12,352		3,251		28,295		7			8,666		3,258		36,961		40,219		15,910		1982	7/28/1998	15 - 40 Yrs
Myrtle Beach – Oceanfront Resort, SC ^(a)	—		2,940		24,988		—			13,268		2,940		38,256		41,196		16,875		1987	12/5/1996	15 - 40 Yrs
Myrtle Beach Resort ^(g)	(k)		9,000		19,844		6			32,688		9,006		52,532		61,538		20,435		1974	7/23/2002	15 - 40 Yrs
Austin, TX ^(c)	9,389		2,508		21,908		—			5,067		2,508		26,975		29,483		13,118		1987	3/20/1997	15 - 40 Yrs
Dallas – Love Field, TX ^(a)	(k)		1,934		16,674		—			6,751		1,934		23,425		25,359		11,328		1986	3/29/1995	15 - 40 Yrs
Houston - Medical Center, TX ^(j)	—		(t)		22,027		8,226			6,914		8,226		28,941		37,167		12,468		1984	7/28/1998	15 - 40 Yrs
Burlington Hotel & Conference Center, VT ^(b)	(k)		3,136		27,283		(2		)	8,297		3,134		35,580		38,714		15,335		1967	12/4/1997	15 - 40 Yrs
Total hotels	$	354,293	$	262,912	$	1,476,371	$	8,200		$	356,131	$	271,112	$	1,832,502	$	2,103,614	$	715,203
Other properties (less than 5% of total)	$	—	$	550	$	3,686	$	—		$	267	$	550	$	3,953	$	4,503	$	1,173
Total	$	354,293	$	263,462	$	1,480,057	$	8,200		$	356,398	$	271,662	$	1,836,455	$	2,108,117	$	716,376

FELCOR LODGING TRUST INCORPORATED AND

FELCOR LODGING LIMITED PARTNERSHIP

Schedule III – Real Estate and Accumulated Depreciation – (continued)

as of December 31, 2016

(in thousands)

(a) Embassy Suites Hotel

(b) Sheraton

(d) Renaissance

(e) Holiday Inn

(f) Marriott

(g) Hilton

(h) Fairmont

(i) Morgans Hotel Group

(j) Wyndham

(k) This hotel is mortgaged to secure repayment of our 5.625% senior notes due in 2023.

(l) This hotel is subject to a ground lease which expires October 2029.^*

(m) This hotel is subject to a ground lease which expires April 2059.^*

(n) This hotel is subject to ground leases which expire October 2018.^*

(o) This hotel is subject to a ground lease which expires March 2032.^*


(p)	This hotel is subject to ground leases, including the golf course, which expire February 2090 and a lease on the marina which expires September 2088.^*

(q) This hotel is subject to a ground lease which expires October 2065.^*

(r) This hotel is subject to a ground lease which expires November 2028.^*

(s) This hotel is subject to a ground lease which expires October 2038.^*


(t)	We previously leased the land for this property. In the third quarter of 2016, we acquired the land for $8.2 million (including closing costs).

(u) Development on this hotel was completed in 2015.

* For those hotels subject to ground leases, depreciation expense is based on the shorter of the lease term or estimated useful life of the assets.

FELCOR LODGING TRUST INCORPORATED AND

FELCOR LODGING LIMITED PARTNERSHIP

Schedule III – Real Estate and Accumulated Depreciation – (continued)

as of December 31, 2016

(in thousands)



	Year ended December 31,
	2016			2015			2014
Reconciliation of Land and Buildings and Improvements:
Balance at beginning of period	$	2,229,492		$	2,062,289		$	2,175,100
Additions during period:
Completed hotel development	—			299,341			—
Acquisitions from joint venture transaction	—			—			108,901
Purchase of land	8,226			—			—
Improvements	20,973			15,324			21,167
Deductions during period:
Disposition of properties and other	(150,574		)	(147,462		)	(242,879		)
Balance at end of period before impairment charges	2,108,117			2,229,492			2,062,289
Cumulative impairment charges on real estate assets owned at end of period	(75,227		)	(76,008		)	(65,277		)
Balance at end of period	$	2,032,890		$	2,153,484		$	1,997,012
Reconciliation of Accumulated Depreciation
Balance at beginning of period	$	697,386		$	661,758		$	698,146
Additions during period:
Depreciation for the period	57,044			57,022			56,564
Deductions during period:
Disposition of properties and other	(38,054		)	(21,394		)	(92,952		)
Balance at end of period	$	716,376		$	697,386		$	661,758

The aggregate cost of real estate for federal income tax purposes is approximately $2.0 billion at December 31, 2016.