EX-12 5 dex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12

 

MERISTAR HOSPITALITY CORPORATION

Statement Regarding Computation of Ratios

 

     2004

    2003

    2002

    2001

    2000

Income from continuing operations before minority interests, income tax expense (benefit), and (loss) gain on sale of assets (1)

   $ (77,799 )   $ (135,632 )   $ (68,624 )   $ (22,063 )   $ 65,443

Fixed charges:

                                      

Interest expense, net

     126,927       140,623       136,125       121,778       114,120

Interest capitalized

     5,605       3,062       3,993       6,098       8,613

Amortization of debt expense

     5,480       5,409       7,673       4,651       3,951

Preferred distributions to minority interests

     141       556       554       554       554
    


 


 


 


 

Total fixed charges

     138,153       149,650       148,345       133,081       127,238
    


 


 


 


 

Income from continuing operations before minority interest, income tax expense (benefit), (loss) gain on sale of assets and fixed charges (excluding capitalized interest and preferred distributions to minority interests)

     54,608       10,400       75,174       104,366       183,514

Divided by fixed charges

     138,153       149,650       148,345       133,081       127,238

Ratio of earnings to fixed charges

     0.40       0.07       0.51       0.78       1.44

Deficiency

     83,545       139,250       73,171       28,715       —  

 

(1) This amount is before minority interests since the minority interests relate to majority-owned subsidiaries that have fixed charges.