SCHEDULE III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2022

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, 2022
(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	$	693,879	$	70,885	$	711,601	$	782,486	$	435,124	1983	20-40
Gaylord Palms	(1)		21,564		314,661		200,518		39,193		497,550		536,743		214,650	2002	20-40
Gaylord Texan	(1)		21,235		388,030		189,543		49,482		549,326		598,808		233,419	2004	20-40
Gaylord National	(1)		43,212		840,261		67,145		47,609		903,009		950,618		321,543	2008	20-40
Gaylord Rockies	(2)		53,374		760,898		9,143		58,856		764,559		823,415		92,689	2018	20-40
Inn at Opryland	—		2,675		7,248		20,084		3,347		26,660		30,007		12,621	1998	20-40
AC Hotel	—		9,079		17,340		3,782		9,099		21,102		30,201		4,286	2014	20-40
Miscellaneous	—		43,337		6,717		8,591		53,439		5,206		58,645		13,501	N/A	20-40
	—	$	205,958	$	2,412,280	$	1,192,685	$	331,910	$	3,479,013	$	3,810,923	$	1,327,833

	2022		2021		2020
Investment in real estate:
Balance at beginning of year	$	3,792,011	$	3,642,007	$	3,615,025
Other acquisitions		—		22,227		—
Improvements		23,034		146,030		27,911
Disposals		(4,122)		(2,058)		(929)
Other deductions (4)		—		(16,195)		—
Balance at end of year	$	3,810,923	$	3,792,011	$	3,642,007
Accumulated depreciation:
Balance at beginning of year	$	1,229,727	$	1,140,564	$	1,044,689
Depreciation		99,533		99,104		96,263
Disposals		(1,427)		(1,346)		(388)
Other deductions (4)		—		(8,595)		—
Balance at end of year	$	1,327,833	$	1,229,727	$	1,140,564

(1) Pledged as collateral under the Company’s credit facility. At December 31, 2022, $381.7 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, 2022, $800.0 million in borrowings were outstanding under such loan.

(3) The aggregate cost of properties for federal income tax purposes (unaudited) is approximately $2.7 billion at December 31, 2022.

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