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Description(1) | | | | Initial Costs | | Subsequent Costs Capitalized | | Gross Amount at December 31, 2008 | | Date of Completion of Construction | | Date Acquired | | Depreciation Life |
| Debt | | Land | | Buildings & Improvements | | | Land | | Buildings & Improvements | | Total | | Accumulated Depreciation | | | |
Hotels: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The Ritz-Carlton, Amelia Island, Florida | | $ | — | | $ | 25 | | $ | 115 | | $ | 32 | | $ | 26 | | $ | 146 | | $ | 172 | | $ | 40 | | — | | 1998 | | 40 |
Four Seasons, Atlanta, Georgia | | | — | | | 5 | | | 48 | | | 18 | | | 7 | | | 64 | | | 71 | | | 18 | | — | | 1998 | | 40 |
Grand Hyatt, Atlanta, Georgia | | | — | | | 8 | | | 88 | | | 15 | | | 8 | | | 103 | | | 111 | | | 28 | | — | | 1998 | | 40 |
Atlanta Marquis, Georgia | | | 129 | | | 13 | | | 184 | | | 155 | | | 16 | | | 336 | | | 352 | | | 69 | | — | | 1998 | | 40 |
Atlanta Midtown Suites, Georgia | | | — | | | — | | | 26 | | | 4 | | | — | | | 30 | | | 30 | | | 10 | | — | | 1996 | | 40 |
Westin Buckhead, Georgia | | | — | | | 5 | | | 84 | | | 21 | | | 6 | | | 104 | | | 110 | | | 28 | | — | | 1998 | | 40 |
Miami Biscayne Bay, Florida | | | — | | | — | | | 27 | | | 16 | | | — | | | 43 | | | 43 | | | 14 | | — | | 1998 | | 40 |
Boston Marriott Copley Place, Massachusetts | | | — | | | — | | | 203 | | | 27 | | | — | | | 230 | | | 230 | | | 45 | | — | | 2002 | | 40 |
Boston/Newton, Massachusetts | | | — | | | 3 | | | 31 | | | 24 | | | 3 | | | 55 | | | 58 | | | 40 | | — | | 1997 | | 40 |
Hyatt, Boston, Massachusetts | | | — | | | 15 | | | 69 | | | 27 | | | 17 | | | 94 | | | 111 | | | 26 | | — | | 1998 | | 40 |
Hyatt Regency, Burlingame, California | | | — | | | 16 | | | 119 | | | 48 | | | 20 | | | 163 | | | 183 | | | 41 | | — | | 1998 | | 40 |
Calgary, Canada | | | 30 | | | 5 | | | 18 | | | 14 | | | 5 | | | 32 | | | 37 | | | 13 | | — | | 1996 | | 40 |
Hyatt Regency, Cambridge, Massachusetts | | | — | | | 18 | | | 84 | | | 15 | | | 19 | | | 98 | | | 117 | | | 27 | | — | | 1998 | | 40 |
Chicago/Downtown Courtyard, Illinois | | | — | | | 7 | | | 27 | | | 10 | | | 7 | | | 37 | | | 44 | | | 13 | | — | | 1992 | | 40 |
Chicago Embassy Suites, Illinois | | | — | | | — | | | 86 | | | 5 | | | — | | | 91 | | | 91 | | | 10 | | — | | 2004 | | 40 |
Chicago O’Hare, Illinois | | | — | | | 4 | | | 26 | | | 36 | | | 4 | | | 62 | | | 66 | | | 42 | | — | | 1998 | | 40 |
Chicago O’Hare Suites, Illinois | | | — | | | 5 | | | 36 | | | 5 | | | 5 | | | 41 | | | 46 | | | 11 | | — | | 1997 | | 40 |
Swissôtel, Chicago, Illinois | | | — | | | 29 | | | 132 | | | 17 | | | 29 | | | 149 | | | 178 | | | 40 | | — | | 1998 | | 40 |
Coronado Island Resort, California | | | — | | | — | | | 53 | | | 22 | | | — | | | 75 | | | 75 | | | 20 | | — | | 1997 | | 40 |
Costa Mesa Suites, California | | | — | | | 3 | | | 18 | | | 5 | | | 3 | | | 23 | | | 26 | | | 8 | | — | | 1996 | | 40 |
Dallas Quorum, Texas | | | — | | | 14 | | | 27 | | | 17 | | | 14 | | | 44 | | | 58 | | | 17 | | — | | 1994 | | 40 |
Dayton, Ohio | | | — | | | 2 | | | 30 | | | 7 | | | 2 | | | 37 | | | 39 | | | 9 | | — | | 1998 | | 40 |
Hyatt DC Capitol Hill, Washington, D.C. | | | — | | | 40 | | | 230 | | | 9 | | | 40 | | | 239 | | | 279 | | | 19 | | — | | 2006 | | 40 |
The Ritz-Carlton, Dearborn, Michigan | | | — | | | 8 | | | 51 | | | 5 | | | 8 | | | 56 | | | 64 | | | 16 | | — | | 1998 | | 40 |
Denver Tech Center, Colorado | | | — | | | 6 | | | 26 | | | 23 | | | 6 | | | 49 | | | 55 | | | 17 | | — | | 1994 | | 40 |
Westin Tabor Center, Colorado | | | 41 | | | — | | | 89 | | | 3 | | | — | | | 92 | | | 92 | | | 6 | | — | | 2006 | | 40 |
Desert Springs Resort and Spa, California | | | 80 | | | 13 | | | 143 | | | 108 | | | 14 | | | 250 | | | 264 | | | 69 | | — | | 1997 | | 40 |
Gaithersburg/Washingtonian Center, Maryland | | | — | | | 7 | | | 22 | | | 6 | | | 7 | | | 28 | | | 35 | | | 10 | | — | | 1993 | | 40 |
Hanover, New Jersey | | | — | | | 5 | | | 30 | | | 20 | | | 6 | | | 49 | | | 55 | | | 17 | | — | | 1997 | | 40 |
Harbor Beach Resort, Florida | | | 134 | | | — | | | 62 | | | 75 | | | — | | | 137 | | | 137 | | | 48 | | — | | 1997 | | 40 |
Houston Airport, Texas | | | — | | | — | | | 10 | | | 37 | | | — | | | 47 | | | 47 | | | 33 | | — | | 1984 | | 40 |
Houston Medical Center, Texas | | | — | | | — | | | 19 | | | 16 | | | — | | | 35 | | | 35 | | | 12 | | — | | 1998 | | 40 |
Westin Indianapolis, Indiana | | | 34 | | | 11 | | | 100 | | | 5 | | | 11 | | | 105 | | | 116 | | | 7 | | — | | 2006 | | 40 |
JW Marriott Hotel at Lenox, Georgia | | | — | | | 16 | | | 21 | | | 17 | | | 16 | | | 38 | | | 54 | | | 19 | | — | | 1990 | | 40 |
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Description(1) | | | | Initial Costs | | Subsequent Costs Capitalized | | Gross Amount at December 31, 2008 | | Date of Completion of Construction | | Date Acquired | | Depreciation Life |
| Debt | | Land | | Buildings & Improvements | | | Land | | Buildings & Improvements | | Total | | Accumulated Depreciation | | | |
JW Marriott Houston, Texas | | — | | 4 | | 26 | | 21 | | 6 | | 45 | | 51 | | 19 | | — | | 1994 | | 40 |
JWDC, Washington, D.C. | | — | | 26 | | 98 | | 37 | | 26 | | 135 | | 161 | | 33 | | — | | 2003 | | 40 |
Kansas City Airport, Missouri | | — | | — | | 8 | | 21 | | — | | 29 | | 29 | | 24 | | — | | 1993 | | 40 |
Westin Kierland, Arizona | | 134 | | 100 | | 280 | | 2 | | 100 | | 282 | | 382 | | 17 | | — | | 2006 | | 40 |
Fairmont Kea Lani, Hawaii | | — | | 55 | | 294 | | 9 | | 55 | | 303 | | 358 | | 36 | | — | | 2003 | | 40 |
Key Bridge, Virginia | | — | | — | | 38 | | 28 | | — | | 66 | | 66 | | 45 | | — | | 1997 | | 40 |
Manhattan Beach, California | | — | | 7 | | 29 | | 13 | | — | | 49 | | 49 | | 18 | | — | | 1997 | | 40 |
Marina Beach, California | | — | | — | | 13 | | 22 | | — | | 35 | | 35 | | 12 | | — | | 1995 | | 40 |
Maui Hyatt, Hawaii | | — | | 92 | | 212 | | 18 | | 92 | | 230 | | 322 | | 31 | | — | | 2003 | | 40 |
Memphis, Tennessee | | — | | — | | 16 | | 33 | | — | | 49 | | 49 | | 17 | | — | | 1998 | | 40 |
Mexico/Polanco, Mexico | | — | | 11 | | 35 | | 4 | | 10 | | 40 | | 50 | | 22 | | — | | 1996 | | 40 |
McDowell Mountains, Arizona | | — | | 8 | | 48 | | 2 | | 8 | | 50 | | 58 | | 5 | | — | | 2004 | | 40 |
Minneapolis City Center, Minnesota | | — | | — | | 27 | | 36 | | — | | 63 | | 63 | | 33 | | — | | 1986 | | 40 |
New Orleans, Louisiana | | — | | 16 | | 96 | | 101 | | 16 | | 197 | | 213 | | 62 | | — | | 1996 | | 40 |
New York Financial Center, New York | | — | | 19 | | 79 | | 32 | | 19 | | 111 | | 130 | | 36 | | — | | 1997 | | 40 |
New York Marquis, New York | | — | | — | | 552 | | 125 | | — | | 677 | | 677 | | 358 | | — | | 1986 | | 40 |
Newark Airport, New Jersey | | — | | — | | 30 | | 3 | | — | | 33 | | 33 | | 12 | | — | | 1984 | | 40 |
Newport Beach, California | | 100 | | 11 | | 13 | | 112 | | 11 | | 125 | | 136 | | 52 | | — | | 1975 | | 40 |
Orlando Marriott World Center, Florida | | 300 | | 18 | | 157 | | 294 | | 29 | | 440 | | 469 | | 113 | | — | | 1997 | | 40 |
Pentagon City Residence Inn, Virginia | | — | | 6 | | 29 | | 5 | | 6 | | 34 | | 40 | | 11 | | — | | 1996 | | 40 |
Philadelphia Airport, Pennsylvania | | — | | — | | 42 | | 7 | | 2 | | 47 | | 49 | | 15 | | — | | 1995 | | 40 |
Philadelphia CC and HH, Pennsylvania | | — | | 3 | | 144 | | 65 | | 11 | | 201 | | 212 | | 66 | | — | | 1995 | | 40 |
Four Seasons, Philadelphia, Pennsylvania | | — | | 26 | | 60 | | 18 | | 27 | | 77 | | 104 | | 22 | | — | | 1998 | | 40 |
Portland, Oregon | | — | | 6 | | 40 | | 20 | | 6 | | 60 | | 66 | | 21 | | — | | 1994 | | 40 |
Hyatt Regency, Reston, Virginia | | — | | 11 | | 78 | | 16 | | 12 | | 93 | | 105 | | 25 | | — | | 1998 | | 40 |
The Ritz-Carlton, Phoenix, Arizona | | — | | 10 | | 63 | | 4 | | 9 | | 68 | | 77 | | 20 | | — | | 1998 | | 40 |
The Ritz-Carlton, Tysons Corner, Virginia | | — | | — | | 89 | | 12 | | — | | 101 | | 101 | | 30 | | — | | 1998 | | 40 |
The Ritz-Carlton, San Francisco, California | | — | | 31 | | 123 | | 20 | | 31 | | 143 | | 174 | | 39 | | — | | 1998 | | 40 |
San Antonio Rivercenter, Texas | | — | | — | | 86 | | 66 | | — | | 152 | | 152 | | 44 | | — | | 1996 | | 40 |
San Antonio Riverwalk, Texas | | — | | — | | 45 | | 16 | | — | | 61 | | 61 | | 19 | | — | | 1995 | | 40 |
San Diego Hotel and Marina, California | | 175 | | — | | 202 | | 204 | | — | | 406 | | 406 | | 107 | | — | | 1996 | | 40 |
San Diego Mission Valley, California | | — | | 4 | | 23 | | 8 | | 4 | | 31 | | 35 | | 10 | | — | | 1998 | | 40 |
San Francisco Airport, California | | — | | 11 | | 48 | | 36 | | 12 | | 83 | | 95 | | 29 | | — | | 1994 | | 40 |
San Francisco Fisherman’s Wharf, California | | — | | 6 | | 20 | | 12 | | 6 | | 32 | | 38 | | 15 | | — | | 1994 | | 40 |
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Description(1) | | | | Initial Costs | | Subsequent Costs Capitalized | | | Gross Amount at December 31, 2008 | | Date of Completion of Construction | | Date Acquired | | Depreciation Life |
| Debt | | Land | | Buildings & Improvements | | | Land | | Buildings & Improvements | | Total | | Accumulated Depreciation | | | |
San Francisco Moscone Center, California | | — | | — | | 278 | | 65 | | | — | | 343 | | 343 | | 146 | | — | | 1989 | | 40 |
San Ramon, California | | — | | — | | 22 | | 16 | | | — | | 38 | | 38 | | 12 | | — | | 1996 | | 40 |
Santa Clara, California | | — | | — | | 39 | | 52 | | | — | | 91 | | 91 | | 53 | | — | | 1989 | | 40 |
Seattle SeaTac Airport, Washington | | — | | 3 | | 42 | | 15 | | | 3 | | 57 | | 60 | | 22 | | — | | 1998 | | 40 |
Tampa Waterside, Florida | | — | | — | | — | | 103 | | | 11 | | 92 | | 103 | | 21 | | 2000 | | — | | 40 |
The Ritz-Carlton, Buckhead, Georgia | | — | | 14 | | 81 | | 57 | | | 16 | | 136 | | 152 | | 40 | | — | | 1996 | | 40 |
The Ritz-Carlton, Marina del Rey, California | | — | | — | | 52 | | 23 | | | — | | 75 | | 75 | | 25 | | — | | 1997 | | 40 |
The Ritz-Carlton, Naples, Florida | | 200 | | 19 | | 126 | | 87 | | | 20 | | 212 | | 232 | | 76 | | — | | 1996 | | 40 |
The Ritz-Carlton, Naples Golf Lodge, Florida | | — | | 6 | | — | | 65 | | | 6 | | 65 | | 71 | | 12 | | 2002 | | — | | 40 |
Toronto Airport, Canada | | 20 | | 5 | | 24 | | 12 | | | 5 | | 36 | | 41 | | 12 | | — | | 1996 | | 40 |
Toronto Eaton Center, Canada | | 31 | | — | | 27 | | 17 | | | — | | 44 | | 44 | | 13 | | — | | 1995 | | 40 |
Toronto Delta Meadowvale, Canada | | 28 | | 4 | | 20 | | 12 | | | 4 | | 32 | | 36 | | 15 | | — | | 1996 | | 40 |
Dulles Airport, Washington, D.C. | | — | | — | | 3 | | 32 | | | — | | 35 | | 35 | | 26 | | — | | 1970 | | 40 |
Washington Dulles Suites, Washington, D.C. | | — | | 3 | | 24 | | 5 | | | 3 | | 29 | | 32 | | 10 | | — | | 1996 | | 40 |
Washington Metro Center, Washington D.C. | | — | | 20 | | 24 | | 11 | | | 20 | | 35 | | 55 | | 14 | | — | | 1994 | | 40 |
Westfields, Virginia | | — | | 7 | | 32 | | 12 | | | 7 | | 44 | | 51 | | 16 | | — | | 1994 | | 40 |
Sheraton Boston, Massachusetts | | — | | 42 | | 262 | | 5 | | | 42 | | 267 | | 309 | | 18 | | — | | 2006 | | 40 |
Sheraton, Indianapolis, Indiana | | — | | 3 | | 51 | | — | | | 3 | | 51 | | 54 | | 3 | | — | | 2006 | | 40 |
Sheraton New York Hotel & Towers, New York | | — | | 346 | | 409 | | 21 | | | 346 | | 430 | | 776 | | 32 | | — | | 2006 | | 40 |
Sheraton, Parsippany, New Jersey | | — | | 8 | | 30 | | 5 | | | 8 | | 35 | | 43 | | 2 | | — | | 2006 | | 40 |
Sheraton Santiago Hotel & Convention Center, Chile | | — | | 19 | | 11 | | (5 | ) | | 15 | | 10 | | 25 | | 1 | | — | | 2006 | | 40 |
San Cristobal Tower, Santiago, Chile | | — | | 7 | | 15 | | (4 | ) | | 6 | | 12 | | 18 | | 1 | | — | | 2006 | | 40 |
Sheraton Stamford Hotel, Connecticut | | — | | 6 | | 20 | | 3 | | | 6 | | 23 | | 29 | | 2 | | — | | 2006 | | 40 |
St. Regis Hotel, Houston, Texas | | — | | 6 | | 33 | | 9 | | | 7 | | 41 | | 48 | | 3 | | — | | 2006 | | 40 |
W New York, New York | | — | | 138 | | 102 | | 27 | | | 137 | | 130 | | 267 | | 9 | | — | | 2006 | | 40 |
W Seattle, Washington | | — | | 11 | | 125 | | 1 | | | 11 | | 126 | | 137 | | 8 | | — | | 2006 | | 40 |
Westin Cincinnati, Ohio | | — | | — | | 54 | | 6 | | | — | | 60 | | 60 | | 5 | | — | | 2006 | | 40 |
Westin Grand, Washington, D.C. | | — | | 16 | | 80 | | 8 | | | 16 | | 88 | | 104 | | 6 | | — | | 2006 | | 40 |
Westin Los Angeles Airport, California | | — | | — | | 102 | | 3 | | | — | | 105 | | 105 | | 7 | | — | | 2006 | | 40 |
Westin Mission Hills Resort, California | | — | | 38 | | 49 | | 9 | | | 37 | | 59 | | 96 | | 4 | | — | | 2006 | | 40 |
Westin Seattle, Washington | | — | | 39 | | 175 | | 2 | | | 39 | | 177 | | 216 | | 12 | | — | | 2006 | | 40 |
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Description(1) | | | | Initial Costs | | Subsequent Costs Capitalized | | Gross Amount at December 31, 2008 | | Date of Completion of Construction | | Date Acquired | | Depreciation Life |
| Debt | | Land | | Buildings & Improvements | | | Land | | Buildings & Improvements | | Total | | Accumulated Depreciation | | | |
Westin South Coast Plaza, California | | | — | | | — | | | 47 | | | 7 | | | — | | | 54 | | | 54 | | | 8 | | — | | 2006 | | 40 |
Westin Waltham Boston, Massachusetts | | | — | | | 9 | | | 59 | | | 6 | | | 9 | | | 65 | | | 74 | | | 5 | | — | | 2006 | | 40 |
Sheraton San Diego Marina, California | | | — | | | — | | | 328 | | | 8 | | | — | | | 336 | | | 336 | | | 22 | | — | | 2006 | | 40 |
Atlanta Perimeter Center, Georgia | | | — | | | — | | | 7 | | | 33 | | | 15 | | | 25 | | | 40 | | | 17 | | — | | 1976 | | 40 |
Denver West, Colorado | | | — | | | — | | | 12 | | | 8 | | | — | | | 20 | | | 20 | | | 11 | | — | | 1983 | | 40 |
Greensboro, North Carolina | | | — | | | — | | | 19 | | | 4 | | | — | | | 23 | | | 23 | | | 10 | | — | | 1983 | | 40 |
Courtyard Nashua, New Hampshire | | | — | | | 3 | | | 14 | | | 6 | | | 3 | | | 20 | | | 23 | | | 10 | | — | | 1989 | | 40 |
Hilton Singer Island Oceanfront Resort, Florida | | | — | | | 3 | | | 10 | | | 11 | | | 3 | | | 21 | | | 24 | | | 9 | | — | | 1986 | | 40 |
Park Ridge, New Jersey | | | — | | | — | | | 20 | | | 9 | | | — | | | 29 | | | 29 | | | 8 | | — | | 1987 | | 40 |
Rocky Hill, Connecticut | | | — | | | — | | | 17 | | | 5 | | | — | | | 22 | | | 22 | | | 10 | | — | | 1991 | | 40 |
South Bend, Indiana | | | — | | | — | | | 8 | | | 9 | | | — | | | 17 | | | 17 | | | 7 | | — | | 1981 | | 40 |
Downers Grove Suites, Illinois | | | — | | | 2 | | | 14 | | | 4 | | | 2 | | | 18 | | | 20 | | | 7 | | — | | 1989 | | 40 |
Newport Beach Bay view Suites, California | | | — | | | 6 | | | 14 | | | 5 | | | 6 | | | 19 | | | 25 | | | 6 | | — | | 1975 | | 40 |
Scottsdale Old Town Suites, Arizona | | | — | | | 3 | | | 20 | | | 5 | | | 3 | | | 25 | | | 28 | | | 7 | | — | | 1988 | | 40 |
Tampa Airport, Florida | | | — | | | — | | | 9 | | | 17 | | | — | | | 26 | | | 26 | | | 18 | | — | | 2000 | | 40 |
Sheraton Braintree Hotel, Massachusetts | | | — | | | 2 | | | 5 | | | 1 | | | 2 | | | 6 | | | 8 | | | 2 | | — | | 1962 | | 40 |
Sheraton Denver, Colorado | | | — | | | — | | | 15 | | | 7 | | | — | | | 22 | | | 22 | | | 20 | | — | | 1973 | | 40 |
Sheraton Needham Hotel, Massachusetts | | | — | | | 5 | | | 27 | | | 2 | | | 5 | | | 29 | | | 34 | | | 2 | | — | | 1986 | | 40 |
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Total hotels: | | | 1,436 | | | 1,557 | | | 8,434 | | | 3,107 | | | 1,613 | | | 11,485 | | | 13,098 | | | 3,065 | | | | | | |
Other properties, each less than 5% of total | | | — | | | — | | | 5 | | | 12 | | | — | | | 17 | | | 17 | | | 10 | | | | various | | 40 |
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TOTAL | | $ | 1,436 | | $ | 1,557 | | $ | 8,439 | | $ | 3,119 | | $ | 1,613 | | $ | 11,502 | | $ | 13,115 | | $ | 3,075 | | | | | | |
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