Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2015

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, 2015

(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^(k)
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^(k)
Birmingham, AL^(a)	$	23,163	$	2,843	$	29,286	$	—		$	4,712	$	2,843	$	33,998	$	36,841	$	16,464	1987	1/3/1996	15 - 40 Yrs
Phoenix - Biltmore, AZ ^(a)	—		4,694		38,998		—			4,630		4,694		43,628		48,322		21,183		1985	1/3/1996	15 - 40 Yrs
Indian Wells – Esmeralda Resort & Spa, CA ^(d)	—		30,948		73,507		—			7,098		30,948		80,605		111,553		15,923		1989	12/16/2007	15 - 40 Yrs
Los Angeles – International Airport – South, CA ^(a)	22,496		2,660		17,997		—			6,477		2,660		24,474		27,134		10,990		1985	3/27/1996	15 - 40 Yrs
Milpitas – Silicon Valley, CA^(a)	(l)		4,021		23,677		—			4,755		4,021		28,432		32,453		13,617		1987	1/3/1996	15 - 40 Yrs
Napa Valley, CA ^(a)	27,111		2,218		14,205		—			6,985		2,218		21,190		23,408		9,099		1985	5/8/1996	15 - 40 Yrs
Oxnard - Mandalay Beach – Hotel & Resort, CA^(a)	—		2,930		22,125		—			11,373		2,930		33,498		36,428		15,320		1986	5/8/1996	15 - 40 Yrs
San Diego Bayside, CA^(j)	—		(k)		68,229		—			13,461		—		81,690		81,690		45,788		1965	7/28/1998	15 - 40 Yrs
San Francisco – Airport/Waterfront, CA ^(a)	—		(k)		39,929		—			7,824		—		47,753		47,753		21,768		1986	11/6/1995	15 - 40 Yrs
San Francisco – Airport/South San Francisco, CA^(a)	(l)		3,418		31,737		—			5,589		3,418		37,326		40,744		17,884		1988	1/3/1996	15 - 40 Yrs
San Francisco - Fisherman’s Wharf, CA ^(e)	—		(k)		61,883		—			18,377		—		80,260		80,260		39,887		1970	7/28/1998	15 - 40 Yrs
San Francisco –Union Square, CA ^(f)	46,113		8,466		73,684		(434		)	54,233		8,032		127,917		135,949		50,438		1970	7/28/1998	15 - 40 Yrs
Santa Monica Beach – at the Pier, CA ^(j)	15,561		10,200		16,580		—			1,868		10,200		18,448		28,648		5,189		1967	3/11/2004	15 - 40 Yrs
Deerfield Beach – Resort & Spa, FL ^(a)	30,717		4,523		29,443		68			7,107		4,591		36,550		41,141		17,619		1987	1/3/1996	15 - 40 Yrs
Ft. Lauderdale – 17th Street, FL ^(a)	34,721		5,329		47,850		(163		)	7,413		5,166		55,263		60,429		26,920		1986	1/3/1996	15 - 40 Yrs
Miami – International Airport, FL ^(a)	—		4,135		24,950		—			7,175		4,135		32,125		36,260		15,444		1983	1/3/1996	15 - 40 Yrs
Orlando – International Drive South/Convention, FL ^(a)	(l)		1,632		13,870		—			4,606		1,632		18,476		20,108		9,363		1985	7/28/1994	15 - 40 Yrs
Orlando – Walt Disney World Resort, FL ^(c)	—		(k)		28,092		—			3,682		—		31,774		31,774		20,628		1987	7/28/1997	15 - 40 Yrs
St. Petersburg – Vinoy Resort & Golf Club, FL ^(d)	32,775		(k)		100,823		—			9,780		—		110,603		110,603		24,082		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, 2015

(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^(k)
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^(k)
Atlanta – Buckhead, GA ^(a)	(l)		7,303		38,996		(300		)	4,523		7,003		43,519		50,522		20,167		1988	10/17/1996	15 - 40 Yrs
New Orleans – French Quarter, LA ^(j)	—		(k)		50,732		—			11,238		—		61,970		61,970		24,928		1969	7/28/1998	15 - 40 Yrs
Boston – at Beacon Hill, MA ^(j)	—		(k)		45,192		—			7,081		—		52,273		52,273		31,337		1968	7/28/1998	15 - 40 Yrs
Boston – Copley Plaza, MA ^(h)	38,342		27,600		62,500		—			14,743		27,600		77,243		104,843		10,634		1912	8/18/2010	15 - 40 Yrs
Boston – Marlborough, MA ^(a)	(l)		948		8,143		761			16,253		1,709		24,396		26,105		11,017		1988	6/30/1995	15 - 40 Yrs
Minneapolis – Airport, MN ^(a)	37,242		5,417		36,508		24			3,091		5,441		39,599		45,040		19,466		1986	11/6/1995	15 - 40 Yrs
New York - Morgans⁽ⁱ⁾	—		16,200		29,872		—			2,019		16,200		31,891		48,091		3,619		1984	5/23/2011	15 - 40 Yrs
New York - Royalton⁽ⁱ⁾	—		32,500		48,423		—			3,171		32,500		51,594		84,094		5,938		1988	5/23/2011	15 - 40 Yrs
New York - The Knickerbocker^(m)	85,000		85,400		213,941		—			—		85,400		213,941		299,341		3,034		2015	12/6/2011	15 - 40 Yrs
Philadelphia – Historic District, PA ^(j)	—		3,164		27,535		7			7,492		3,171		35,027		38,198		14,819		1972	7/28/1998	15 - 40 Yrs
Philadelphia – Society Hill, PA ^(b)	(l)		4,542		45,121		—			9,970		4,542		55,091		59,633		24,745		1986	10/1/1997	15 - 40 Yrs
Pittsburgh – at University Center (Oakland), PA ^(j)	—		(k)		25,031		—			3,014		—		28,045		28,045		12,041		1988	11/1/1998	15 - 40 Yrs
Charleston – Mills House, SC^(j)	19,722		3,251		28,295		7			8,566		3,258		36,861		40,119		14,762		1982	7/28/1998	15 - 40 Yrs
Myrtle Beach – Oceanfront Resort, SC ^(a)	—		2,940		24,988		—			12,639		2,940		37,627		40,567		15,618		1987	12/5/1996	15 - 40 Yrs
Myrtle Beach Resort ^(g)	(l)		9,000		19,844		6			32,104		9,006		51,948		60,954		18,487		1974	7/23/2002	15 - 40 Yrs
Nashville – Opryland – Airport (Briley Parkway), TN ^(e)	—		(k)		27,734		—			5,707		—		33,441		33,441		19,414		1981	7/28/1998	15 - 40 Yrs
Austin, TX ^(c)	14,991		2,508		21,908		—			4,980		2,508		26,888		29,396		12,316		1987	3/20/1997	15 - 40 Yrs
Dallas – Love Field, TX ^(a)	(l)		1,934		16,674		—			5,187		1,934		21,861		23,795		10,629		1986	3/29/1995	15 - 40 Yrs
Houston - Medical Center, TX ^(j)	—		(k)		22,027		—			6,701		—		28,728		28,728		11,619		1984	7/28/1998	15 - 40 Yrs
Burlington Hotel & Conference Center, VT ^(b)	(l)		3,136		27,283		(2		)	7,919		3,134		35,202		38,336		14,233		1967	12/4/1997	15 - 40 Yrs
Total hotels	$	427,954	$	293,860	$	1,577,612	$	(26	)	$	353,543	$	293,834	$	1,931,155	$	2,224,989	$	696,429
Other properties (less than 5% of total)	$	—	$	550	$	3,686	$	—		$	267	$	550	$	3,953	$	4,503	$	957
Total	$	427,954	$	294,410	$	1,581,298	$	(26	)	$	353,810	$	294,384	$	1,935,108	$	2,229,492	$	697,386

FELCOR LODGING TRUST INCORPORATED AND

FELCOR LODGING LIMITED PARTNERSHIP

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

as of December 31, 2015

(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 subject to a ground lease. Depreciation expense is based on the shorter of the lease term or the estimated useful life of the asset.

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

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



	Year Ended December 31,
	2015			2014			2013
Reconciliation of Land and Buildings and Improvements:
Balance at beginning of period	$	2,062,289		$	2,175,100		$	2,305,896
Additions during period:
Completed hotel development	299,341			—			—
Acquisitions from joint venture transaction	—			108,901			—
Improvements	15,324			21,167			21,236
Deductions during period:
Disposition of properties and other	(147,462		)	(242,879		)	(152,032		)
Balance at end of period before impairment charges	2,229,492			2,062,289			2,175,100
Cumulative impairment charges on real estate assets owned at end of period	(76,008		)	(65,277		)	(107,492		)
Balance at end of period	$	2,153,484		$	1,997,012		$	2,067,608
Reconciliation of Accumulated Depreciation
Balance at beginning of period	$	661,758		$	698,146		$	693,114
Additions during period:
Depreciation for the period	57,022			56,564			58,643
Deductions during period:
Disposition of properties and other	(21,394		)	(92,952		)	(53,611		)
Balance at end of period	$	697,386		$	661,758		$	698,146

The aggregate cost of real estate for federal income tax purposes is approximately $1.9 billion at December 31, 2015.