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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
CNL LIFESTYLE PROPERTIES, INC. AND SUBSIDIARIES
SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION
As of December 31, 2016 (in thousands)
 
 
 
 
 
Initial Costs
 
Costs Capitalized
Subsequent to
Acquisition
 
Gross Amounts at which
Carried at Close of Period(3)(5)
 
 
 
 
 
Date
Acquired
 
Life on
which
depre-
ciation in
latest
income
state-
ments  is
computed
Property/Location(6)
 
En-
cumber-
ances
 
Land &
Land
Improve-
ments
 
Lease-
Hold
Interests
And
Improve-
ments
 
Buildings
 
Improve-
ments
 
Land &
Land
Improve-
ments
 
Lease-
hold
Interests
and
Improve-
ments
 
Buildings
 
Total
 
Accumu-
lated
Depre-
ciation
 
Date of
Construc-
tion
 
 
Gatlinburg Sky Lift
Gatlinburg, Tennessee
 
 
 
$
—

 
$
19,154

 
$
12

 
$
8

 
$
—

 
$
19,162

 
$
12

 
$
19,174

 
$
(4,412
)
 
In 1953
 
12/22/2005
 
(2)
Hawaiian Falls Waterparks
Garland and The Colony, Texas
 
 
 
$
3,123

 
$
3,663

 
$
758

 
$
2,037

 
$
4,950

 
$
3,812

 
$
819

 
$
9,581

 
$
(4,832
)
 
In 2004
 
4/21/2006
 
(2)
Cypress Mountain
Vancouver, British Columbia
 
 
 
$
161

 
$
19,001

 
$
735

 
$
5,694

 
$
1,024

 
$
13,862

 
$
10,705

 
$
25,591

 
$
(9,425
)
 
In 1975
 
5/30/2006
 
(2)
Funtasticks Fun Center
Tucson, Arizona
 
 
 
$
3,038

 
$
—

 
$
1,413

 
$
1,952

 
$
2,469

 
$
—

 
$
1,110

 
$
3,579

 
$
(1,349
)
 
In 1993
 
10/6/2006
 
(2)
Camelot Park
Bakersfield, California
 
 
 
$
179

 
$
—

 
$
70

 
$
807

 
$
178

 
$
—

 
$
72

 
$
250

 
$
(251
)
 
In 1994
 
10/6/2006
 
(2)
Zuma Fun Center
Charlotte, North Carolina
 
 
 
$
3,646

 
$
—

 
$
1,072

 
$
2,607

 
$
2,262

 
$
—

 
$
718

 
$
2,980

 
$
(1,258
)
 
In 1991
 
10/6/2006
 
(2)
Mountasia Family Fun Center
North Richland Hills, Texas
 
 
 
$
1,152

 
$
—

 
$
635

 
$
35

 
$
773

 
$
—

 
$
424

 
$
1,197

 
$
(466
)
 
In 1994
 
10/6/2006
 
(2)
Zuma Fun Center
South Houston, Texas
 
 
 
$
1,551

 
$
—

 
$
558

 
$
2,867

 
$
963

 
$
—

 
$
404

 
$
1,367

 
$
(646
)
 
In 1990
 
10/6/2006
 
(2)
Brighton Ski Resort
Brighton, Utah
 
(1)
 
$
11,809

 
$
2,123

 
$
11,233

 
$
3,173

 
$
12,951

 
$
2,123

 
$
13,264

 
$
28,338

 
$
(10,933
)
 
In 1949
 
1/8/2007
 
(2)
Northstar-at-Tahoe Resort
Lake Tahoe, California
 
(1)
 
$
60,790

 
$
—

 
$
8,534

 
$
13,951

 
$
67,240

 
$
—

 
$
16,035

 
$
83,275

 
$
(27,752
)
 
In 1972
 
1/19/2007
 
(2)
Sierra-at-Tahoe Resort
South Lake Tahoe, California
 
(1)
 
$
19,875

 
$
800

 
$
8,574

 
$
3,411

 
$
22,347

 
$
800

 
$
9,513

 
$
32,660

 
$
(16,126
)
 
In 1968
 
1/19/2007
 
(2)
Loon Mountain Resort
Lincoln, New Hampshire
 
(1)
 
$
9,226

 
$
346

 
$
4,673

 
$
8,142

 
$
15,808

 
$
347

 
$
6,233

 
$
22,388

 
$
(9,527
)
 
In 1966
 
1/19/2007
 
(2)






CNL LIFESTYLE PROPERTIES, INC. AND SUBSIDIARIES
SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION—CONTINUED
As of December 31, 2016 (in thousands)
 
 
 
 
 
Initial Costs
 
Costs Capitalized
Subsequent to
Acquisition
 
Gross Amounts at which
Carried at Close of Period(3)(5)
 
 
 
 
 
Date
Acquired
 
Life on
which
depre-
ciation in
latest
income
state-
ments  is
computed
Property/Location(6)
 
En-
cumber-
ances
 
Land &
Land
Improve-
ments
 
Lease-
Hold
Interests
And
Improve-
ments
 
Buildings
 
Improve-
ments
 
Land &
Land
Improve-
ments
 
Lease-
hold
Interests
and
Improve-
ments
 
Buildings
 
Total
 
Accumu-
lated
Depre-
ciation
 
Date of
Construc-
tion
 
 
Summit-at-Snoqualmie Resort
Snoqualmie Pass, Washington
 
(1)
 
$
20,122

 
$
792

 
$
8,802

 
$
4,827

 
$
22,599

 
$
792

 
$
11,152

 
$
34,543

 
$
(14,125
)
 
In 1945
 
1/19/2007
 
(2)
White Water Bay
Oklahoma City, Oklahoma
 
 
 
$
10,720

 
$
—

 
$
5,461

 
$
628

 
$
10,729

 
$
—

 
$
6,080

 
$
16,809

 
$
(4,678
)
 
In 1981
 
4/6/2007
 
(2)
Splashtown
Houston, Texas
 
 
 
$
10,817

 
$
—

 
$
1,609

 
$
9,166

 
$
16,511

 
$
—

 
$
5,081

 
$
21,592

 
$
(2,907
)
 
In 1981
 
4/6/2007
 
(2)
Waterworld
Concord, California
 
 
 
$
1,733

 
$
7,841

 
$
728

 
$
663

 
$
2,111

 
$
7,841

 
$
1,012

 
$
10,964

 
$
(5,396
)
 
In 1995
 
4/6/2007
 
(2)
Darien Lake
Buffalo, New York
 
 
 
$
60,993

 
$
—

 
$
21,967

 
$
5,491

 
$
49,158

 
$
—

 
$
16,156

 
$
65,314

 
$
(38,852
)
 
In 1955
 
4/6/2007
 
(2)
Frontier City
Oklahoma City, Oklahoma
 
 
 
$
7,265

 
$
—

 
$
7,518

 
$
2,013

 
$
6,604

 
$
—

 
$
6,640

 
$
13,244

 
$
(5,177
)
 
In 1958
 
4/6/2007
 
(2)
Wild Waves & Enchanted
Village
Seattle, Washington
 
 
 
$
19,200

 
$
—

 
$
2,837

 
$
6,395

 
$
13,377

 
$
—

 
$
1,088

 
$
14,465

 
$
(12,422
)
 
In 1977
 
4/6/2007
 
(2)
Magic Springs & Crystal Falls
Hot Springs, Arkansas
 
(1)
 
$
4,237

 
$
8

 
$
10,409

 
$
5,505

 
$
4,559

 
$
—

 
$
5,348

 
$
9,907

 
$
(4,494
)
 
In 1977
 
4/16/2007
 
(2)
Mountain High Resort
Wrightwood, California
 
 
 
$
14,272

 
$
14,022

 
$
7,571

 
$
940

 
$
12,461

 
$
10,268

 
$
5,946

 
$
28,675

 
$
(14,141
)
 
In 1930’s
 
6/29/2007
 
(2)
Sugarloaf Mountain Resort
Carrabassett Valley, Maine
 
 
 
$
15,408

 
$
—

 
$
5,658

 
$
3,681

 
$
14,713

 
$
2,000

 
$
8,034

 
$
24,747

 
$
(8,975
)
 
In 1962
 
8/7/2007
 
(2)
Sunday River Resort
Newry, Maine
 
 
 
$
32,698

 
$
—

 
$
12,256

 
$
6,408

 
$
37,423

 
$
—

 
$
13,939

 
$
51,362

 
$
(15,916
)
 
In 1959
 
8/7/2007
 
(2)
The Northstar Commercial
Village
Lake Tahoe, California
 
 
 
$
2,354

 
$
—

 
$
33,932

 
$
4,178

 
$
2,759

 
$
—

 
$
37,705

 
$
40,464

 
$
(13,200
)
 
In 2005
 
11/15/2007
 
(2)




CNL LIFESTYLE PROPERTIES, INC. AND SUBSIDIARIES
SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION—CONTINUED
As of December 31, 2016 (in thousands)
 
 
 
 
 
Initial Costs
 
Costs Capitalized
Subsequent to
Acquisition
 
Gross Amounts at which
Carried at Close of Period(3)(5)
 
 
 
 
 
 
 
Life on
which
depre-
ciation in
latest
income
state-
ments  is
computed
Property/Location(6)
 
En-
cumber
ances
 
Land &
Land
Improve-
ments
 
Lease-
Hold
Interests
And
Improve-
ments
 
Buildings
 
Improve-
ments
 
Land &
Land
Improve-
ments
 
Lease-
hold
Interests
and
Improve-
ments
 
Buildings
 
Total
 
Accumu-
lated
Depre-
ciation
 
Date of
Construc-
tion
 
Date
Acquired
 
Myrtle Waves
Myrtle Beach, S. Carolina
 
 
 
$
—

 
$
—

 
$
5,875

 
$
751

 
$
177

 
$
—

 
$
2,727

 
$
2,904

 
$
(651
)
 
In 1985
 
(4)
 
(2)
Mount Sunapee
Newbury, New Hampshire
 
 
 
$
—

 
$
6,727

 
$
5,253

 
$
685

 
$
110

 
$
6,909

 
$
5,646

 
$
12,665

 
$
(4,711
)
 
In 1960
 
12/5/2008
 
(2)
Okemo Mountain
Ludlow, Vermont
 
 
 
$
17,566

 
$
25,086

 
$
16,684

 
$
1,867

 
$
18,696

 
$
25,144

 
$
17,362

 
$
61,202

 
$
(15,273
)
 
In 1963
 
12/5/2008
 
(2)
Crested Butte
Mt. Crested Butte, CO
 
 
 
$
1,305

 
$
18,843

 
$
11,188

 
$
2,142

 
$
1,332

 
$
19,431

 
$
12,715

 
$
33,478

 
$
(11,772
)
 
In 1960's
 
12/5/2008
 
(2)
Jiminy Peak Mountain Resort
Hancock, Massachusetts
 
(1)
 
$
7,802

 
$
—

 
$
8,164

 
$
595

 
$
8,087

 
$
—

 
$
8,474

 
$
16,561

 
$
(4,738
)
 
In 1948
 
1/27/2009
 
(2)
Hawaiian Waters
Kapolei, Hawaii
 
 
 
$
—

 
$
13,399

 
$
3,458

 
$
756

 
$
413

 
$
11,122

 
$
3,088

 
$
14,623

 
$
(3,678
)
 
In 1998
 
5/6/2009
 
(2)
Pacific Park
Santa Monica, California
 
 
 
$
—

 
$
25,046

 
$
1,575

 
$
887

 
$
—

 
$
25,252

 
$
2,256

 
$
27,508

 
$
(5,419
)
 
In 1996
 
12/29/2010
 
(2)
Stevens Pass
Skykomish, King and Chelan County, WA
 
(1)
 
$
62

 
$
13,084

 
$
5,280

 
$
2,589

 
$
1,626

 
$
14,524

 
$
4,865

 
$
21,015

 
$
(4,089
)
 
1945-
2000
 
11/17/2011
 
(2)
Rapids Waterpark
West Palm Beach, Florida
 
(1)
 
$
11,041

 
$
—

 
$
9,044

 
$
6,710

 
$
16,646

 
$
—

 
$
9,427

 
$
26,073

 
$
(3,626
)
 
1979 and 2007
 
6/29/2012
 
(2)
Soak City
Palm Springs, California
 
 
 
$
12,516

 
$
—

 
$
3,259

 
$
16

 
$
6,628

 
$
—

 
$
1,635

 
$
8,263

 
$
(1,902
)
 
In 2001
 
8/12/2013
 
(2)
Phoenix Wet n Wild
Waterpark Phoenix, Arizona
 
 
 
$
—

 
$
8,715

 
$
4,748

 
$
373

 
$
—

 
$
7,573

 
$
4,139

 
$
11,712

 
$
(2,046
)
 
In 2009
 
11/26/2013
 
(2)
Total
 
 
 
364,661

 
178,650

 
231,543

 
111,950

 
377,684

 
170,962

 
249,824

 
798,470

 
(285,165
)
 
 
 
 
 
 


CNL LIFESTYLE PROPERTIES, INC. AND SUBSIDIARIES
SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION—CONTINUED
As of December 31, 2016 (in thousands)
 
A summary of transactions in real estate and accumulated depreciation for the years ended December 31, 2016, 2015 and 2014 are as follows:
Real Estate
 
Accumulated Depreciation
Balance at December 31, 2013
$
2,142,067

 
Balance at December 31, 2013
$
(415,216
)
2014 Acquisitions
169,417

 
2014 Depreciation
(64,652
)
2014 Dispositions and assets held for sale
(1,108,581
)
 
2014 Accumulated depreciation on dispositions and assets held for sale
200,327

2014 Impairment provision
(64,795
)
 
Balance at December 31, 2014
$
(279,541
)
Balance at December 31, 2014
$
1,138,108

 
2015 Depreciation
(36,866
)
2015 Dispositions and assets held for sale
(271,464
)
 
2015 Accumulated depreciation on dispositions and assets held for sale
60,524

2015 Impairment provision
(80,400
)
 
Balance at December 31, 2015
$
(255,883
)
Balance at December 31, 2015
$
786,244

 
2016 Depreciation
(29,282
)
2016 Acquisitions(6)
100,687

 
Balance at December 31, 2016
(285,165
)
2016 Dispositions(6)
$
(88,461
)
 
 


Balance at December 31, 2016
$
798,470

 
 
 
 
 
FOOTNOTES:
 
(1)
The property is encumbered at December 31, 2016.
(2)
Buildings and improvements are depreciated over 39 years. Leasehold improvements are depreciation over their estimated useful lives.
(3)
The aggregate cost for federal income tax purposes is approximately $883.2 million.
(4)
We foreclosed on this property during the year ended December 31, 2014, as a result of default of the borrower.
(5)
Gross amounts are net of cumulative impairments recorded. Refer to Note 3. “Real Estate Investment Properties, net” in Item 8. “Financial Statements and Supplementary Data” for additional information.
(6)
Includes amounts related to the Company's acquisition of the remaining 20% interest in the Intrawest Venture, which held seven ski and mountain lifestyle properties, in April 2016. These properties were subsequently sold in October 2016. Refer to Note 7. "Variable Interest and Unconsolidated Entities" for additional information.