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8-K Filing
Service Properties Trust (SVC) 8-KOther Events
Filed: 21 Aug 09, 12:00am
Exhibit 99.4
Hospitality Properties Trust
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2008
(dollars in millions)
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| Costs |
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| Capitalized |
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| Initial |
| Subsequent to |
| Gross Amount at which |
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| Cost to Company |
| Acquisition |
| Carried at Close of Period |
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| Buildings & |
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| Buildings & |
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| Encumbrances |
| Land |
| Improvements |
| Improvements |
| Land |
| Improvements |
| Total(1) |
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145 TravelCenters of America |
| $ | — |
| $ | 586 |
| $ | 885 |
| $ | 134 |
| $ | 599 |
| $ | 1,006 |
| $ | 1,605 |
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71 Courtyard Hotels |
| — |
| 127 |
| 643 |
| 53 |
| 125 |
| 698 |
| 823 |
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40 Petro Stopping Centers |
| — |
| 229 |
| 401 |
| 51 |
| 242 |
| 440 |
| 682 |
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76 Candlewood Hotels |
| 5 |
| 86 |
| 457 |
| 2 |
| 85 |
| 460 |
| 545 |
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35 Staybridge Suites |
| — |
| 91 |
| 353 |
| 8 |
| 91 |
| 361 |
| 452 |
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37 Residence Inns |
| — |
| 69 |
| 334 |
| 31 |
| 70 |
| 364 |
| 434 |
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12 Crowne Plaza Hotels |
| — |
| 67 |
| 251 |
| 14 |
| 67 |
| 265 |
| 332 |
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5 InterContinental Hotels |
| — |
| 32 |
| 196 |
| 81 |
| 32 |
| 277 |
| 309 |
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22 AmeriSuites/Hyatt Place |
| — |
| 24 |
| 185 |
| 26 |
| 24 |
| 211 |
| 235 |
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3 Marriott Hotels |
| — |
| 14 |
| 90 |
| 10 |
| 13 |
| 101 |
| 114 |
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12 TownePlace Suites |
| — |
| 17 |
| 78 |
| 2 |
| 17 |
| 80 |
| 97 |
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5 Radisson Hotels |
| — |
| 7 |
| 81 |
| 4 |
| 7 |
| 85 |
| 92 |
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5 Country Inns & Suites |
| — |
| 6 |
| 58 |
| 5 |
| 6 |
| 63 |
| 69 |
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3 Holiday Inns |
| — |
| 10 |
| 24 |
| 14 |
| 10 |
| 38 |
| 48 |
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1 Park Plaza Hotel |
| — |
| 1 |
| 16 |
| 3 |
| 2 |
| 18 |
| 20 |
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2 SpringHill Suites |
| — |
| 3 |
| 15 |
| 1 |
| 3 |
| 16 |
| 19 |
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Total (474 properties) |
| $ | 5 |
| $ | 1,369 |
| $ | 4,067 |
| $ | 439 |
| $ | 1,393 |
| $ | 4,483 |
| $ | 5,876 |
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(1) Excludes $532 of personal property classified on our consolidated balance sheet as furniture, fixtures and equipment.
SCH III-1
Hospitality Properties Trust
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2008
(dollars in millions)
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| Life on which |
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| Depreciation in |
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| Latest Income |
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| Accumulated |
| Date of |
| Date |
| Statement is |
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| Depreciation(1) |
| Construction |
| Acquired |
| Computed |
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145 Travel Centers of America |
| $ | (103 | ) | 1962 through 2005 |
| 2007 |
| 10 - 40 Years |
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71 Courtyard Hotels |
| (195 | ) | 1987 through 2000 |
| 1995 through 2003 |
| 10 - 40 Years |
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40 Petro Stopping Centers |
| (34 | ) | 1975 through 2005 |
| 2007 |
| 10 - 40 Years |
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76 Candlewood Hotels |
| (98 | ) | 1996 through 2000 |
| 1997 through 2003 |
| 10 - 40 Years |
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35 Staybridge Suites |
| (77 | ) | 1989 through 2002 |
| 1996 through 2006 |
| 10 - 40 Years |
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37 Residence Inns |
| (100 | ) | 1989 through 2002 |
| 1998 through 2005 |
| 10 - 40 Years |
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12 Crowne Plaza Hotels |
| (23 | ) | 1971 through 1987 |
| 2006 |
| 10 - 40 Years |
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5 InterContinental Hotels |
| (29 | ) | 1924 through 1989 |
| 2006 |
| 10 - 40 Years |
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22 AmeriSuites/Hyatt Place |
| (52 | ) | 1992 through 2000 |
| 1997 through 2002 |
| 10 - 40 Years |
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3 Marriott Hotels |
| (26 | ) | 1972 through 1995 |
| 1998 through 2001 |
| 10 - 40 Years |
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12 TownePlace Suites |
| (20 | ) | 1997 through 2000 |
| 1998 through 2001 |
| 10 - 40 Years |
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5 Radisson Hotels |
| (26 | ) | 1987 through 1990 |
| 1996 through 1997 |
| 10 - 40 Years |
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5 Country Inns & Suites |
| (19 | ) | 1987 through 1997 |
| 1996 and 2005 |
| 10 - 40 Years |
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3 Holiday Inns |
| (4 | ) | 1984 through 2001 |
| 2006 |
| 10 - 40 Years |
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1 Park Plaza Hotel |
| (6 | ) | 1987 through 1990 |
| 1996 |
| 10 - 40 Years |
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2 SpringHill Suites |
| (3 | ) | 1997 through 2000 |
| 2000 through 2001 |
| 10 - 40 Years |
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Total (474 properties) |
| $ | (815 | ) |
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(1) Excludes accumulated depreciation of $245 related to personal property classified on our consolidated balance sheet as furniture, fixtures and equipment.
SCH III-2
HOSPITALITY PROPERTIES TRUST
NOTES TO SCHEDULE III
DECEMBER 31, 2008
(dollars in thousands)
(A) The change in total cost of properties for the period from January 1, 2006 to December 31, 2008, is as follows:
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| 2008 |
| 2007 |
| 2006 |
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Balance at beginning of year |
| $ | 5,702,556 |
| $ | 3,627,587 |
| $ | 3,255,353 |
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Additions: acquisitions and capital expenditures |
| 193,617 |
| 2,210,407 |
| 372,329 |
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Dispositions |
| (20,723 | ) | (135,438 | ) | (95 | ) | |||
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Balance at close of year |
| $ | 5,875,450 |
| $ | 5,702,556 |
| $ | 3,627,587 |
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(B) The change in accumulated depreciation for the period from January 1, 2006 to December 31, 2008, is as follows:
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| 2008 |
| 2007 |
| 2006 |
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Balance at beginning of year |
| $ | 654,224 |
| $ | 531,792 |
| $ | 448,392 |
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Additions: depreciation expense |
| 165,898 |
| 148,799 |
| 83,495 |
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Dispositions |
| (5,180 | ) | (26,367 | ) | (95 | ) | |||
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Balance at close of year |
| $ | 814,942 |
| $ | 654,224 |
| $ | 531,792 |
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(C) The net tax basis for federal income tax purposes of our real estate properties was $4,327,255 on December 31, 2008.
SCH III-3