SCHEDULE III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

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, 2019
(Amounts in thousands)

						Costs
		Initital 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)	$	9,817	$	77,125	$	683,817	$	69,279	$	701,480	$	770,759	$	373,052	1983	20-40
Gaylord Palms	(1)		21,564		314,661		66,612		35,329		367,508		402,837		175,126	2002	20-40
Gaylord Texan	(1)		21,235		388,030		181,165		48,388		542,042		590,430		186,944	2004	20-40
Gaylord National	(1)		43,212		840,261		39,265		47,524		875,214		922,738		253,011	2008	20-40
Gaylord Rockies (4)	(2)		53,338		760,664		245		53,343		760,904		814,247		23,004	2018	20-40
Inn at Opryland	—		2,675		7,248		18,860		3,009		25,774		28,783		10,007	1998	20-40
AC Hotel	—		9,079		17,340		3,776		9,099		21,096		30,195		2,674	2014	20-40
Miscellaneous	—		21,290		16,250		17,496		35,927		19,109		55,036		20,871	N/A	20-40
	—	$	182,210	$	2,421,579	$	1,011,236	$	301,898	$	3,313,127	$	3,615,025	$	1,044,689

	2019		2018		2017
Investment in real estate:
Balance at beginning of year	$	3,563,304	$	2,570,390	$	2,529,641
Acquisitions		—		814,765		—
Improvements		53,373		179,787		40,749
Disposals		(1,652)		(1,638)		—
Balance at end of year	$	3,615,025	$	3,563,304	$	2,570,390
Accumulated depreciation:
Balance at beginning of year	$	949,630	$	883,445	$	818,323
Depreciation		95,415		67,652		65,122
Disposals		(356)		(1,467)		—
Balance at end of year	$	1,044,689	$	949,630	$	883,445

(1) Pledged as collateral under the Company’s credit facility. At December 31, 2019, $687.1 million in borrowings and letters of credit were outstanding under such facility.

(2) Pledged as collateral under the Gaylord Rockies joint venture term loan. At December 31, 2019, $800.0 million in borrowings were outstanding under such loan.

(3) The aggregate cost of properties for federal income tax purposes is approximately $3.5 billion at December 31, 2019.

(4) The Company owns a 62.1% investment in the joint venture that owns Gaylord Rockies.