SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2024

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, 2024
(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 (2)		Acc Depr		Constr	(yrs)
Gaylord Opryland	(1)	$	11,482	$	77,125	$	721,754	$	74,512	$	735,849	$	810,361	$	475,153	1983	20-40
Gaylord Palms	—		21,564		314,661		263,786		41,202		558,809		600,011		243,833	2002	20-40
Gaylord Texan	(1)		21,235		388,030		195,621		50,533		554,353		604,886		264,875	2004	20-40
Gaylord National	—		43,212		840,261		70,804		47,893		906,384		954,277		368,831	2008	20-40
Gaylord Rockies	—		53,374		760,898		96,006		70,225		840,053		910,278		142,110	2018	20-40
JW Marriott Hill Country	—		139,196		558,584		18,422		151,729		564,473		716,202		24,549	2023	20-40
Inn at Opryland	—		2,675		7,248		30,158		3,359		36,722		40,081		14,572	1998	20-40
AC Hotel	—		9,079		17,340		4,426		9,101		21,744		30,845		5,306	2014	20-40
Miscellaneous	—		43,337		6,717		8,587		53,436		5,205		58,641		14,943	N/A	20-40
	—	$	345,154	$	2,970,864	$	1,409,564	$	501,990	$	4,223,592	$	4,725,582	$	1,554,172

	2024		2023		2022
Investment in real estate:
Balance at beginning of year	$	4,570,055	$	3,810,923	$	3,792,011
Other acquisitions		—		697,780		—
Improvements		156,267		61,440		23,034
Disposals		(740)		(88)		(4,122)
Balance at end of year	$	4,725,582	$	4,570,055	$	3,810,923
Accumulated depreciation:
Balance at beginning of year	$	1,436,672	$	1,327,833	$	1,229,727
Depreciation		117,674		108,846		99,533
Disposals		(174)		(7)		(1,427)
Balance at end of year	$	1,554,172	$	1,436,672	$	1,327,833

(1) Includes equity pledges under the Company’s credit facility. At December 31, 2024, $297.1 million in borrowings and letters of credit were outstanding under such facility.

(2) The aggregate cost of these assets for federal income tax purposes (unaudited) is approximately $3.5 billion at December 31, 2024.