Exhibit 12

BOYKIN LODGING COMPANY
COMPUTATION OF RATIOS
OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(amounts in thousands, except for ratio amounts)

			Year Ended December 31,
			2002			2001			2000			1999			1998
Earnings:
	Income from continuing operations before adjustment for minority interest in consolidated subsidiaries of income (loss) from equity investees:		$	1,180		$	(33,025	)	$	9,267		$	19,724		$	22,201
	Plus: Fixed charges			22,837			23,513			25,970			21,793			14,804
	Plus: Distributed income of equity investees			148			1,380			405			—			—
	Less: Minority interest income (expense) in subsidiaries that			(133	)		193			(534	)		(399	)		(461	)
		have not incurred fixed charges
Earnings:			$	24,032		$	(7,939	)	$	35,348		$	41,118		$	36,544
Fixed charges:
	Interest expense		$	20,011		$	21,916		$	24,291		$	20,610		$	13,905
	Amortization of deferred financing costs			2,182			1,205			1,242			798			593
	Estimated interest element of rental expense			644			392			437			385			306
Fixed charges:			$	22,837		$	23,513		$	25,970		$	21,793		$	14,804
	Dividends on preferred stock			1,109			—			—			—			—
Fixed charges and preferred stock dividends:			$	23,946		$	23,513		$	25,970		$	21,793		$	14,804
Ratio of earnings to fixed charges and preferred stock dividends				1.0			(0.3	)		1.4			1.9			2.5