Service Properties Trust
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Notes to Schedule IIIS-6
NOTES TO SCHEDULE III
(A)The change in total cost of properties for the period from January 1, 2021 to December 31, 2023 is as follows:
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Balance at beginning of year | $9,174,451 | $9,790,010 | $10,630,560 |
| Additions: acquisitions and capital expenditures | 363,601 | 106,588 | 86,016 |
| Dispositions | (110,535) | (624,057) | (330,091) |
| Reclassification of properties held for sale | (11,621) | (98,090) | (596,475) |
| Balance at close of year | $9,415,896 | $9,174,451 | $9,790,010 |
(B)The change in accumulated depreciation for the period from January 1, 2021 to December 31, 2023 is as follows:
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Balance at beginning of year | $2,749,862 | $3,069,348 | $3,047,016 |
| Additions: depreciation expense | 207,641 | 309,606 | 298,597 |
| Dispositions | (4,747) | (618,132) | (153,699) |
| Reclassification of properties held for sale | (2,071) | (10,960) | (122,566) |
| Balance at close of year | $2,950,685 | $2,749,862 | $3,069,348 |
(C)The aggregate cost tax basis for federal income tax purposes of our real estate properties was $6,838,701 on December 31, 2023.
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