Exhibit 99.4
Schedule of Real Estate and Accumulated Depreciation as of December 31, 2008
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 |
89
Schedule of Real Estate and Accumulated Depreciation as of December 31, 2008
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 |
90
Schedule of Real Estate and Accumulated Depreciation as of December 31, 2008
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 |
91
Schedule of Real Estate and Accumulated Depreciation as of December 31, 2008
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 | |||||||||||||||||||
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 | ||||||||||||||||||||
TOTAL | $ | 1,436 | $ | 1,557 | $ | 8,439 | $ | 3,119 | $ | 1,613 | $ | 11,502 | $ | 13,115 | $ | 3,075 | ||||||||||||||
(1) | Each hotel is operated as a Marriott-brand hotel unless otherwise indicated by its name. |
92