EXHIBIT 12

HOST MARRIOTT, L.P. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

AND PREFERRED LIMITED PARTNER UNIT DISTRIBUTIONS

(in millions, except ratio amounts)

	2005			2004			2003			2002			2001
Income (loss) from operations before income taxes	$	170		$	(85	)	$	(260	)	$	(80	)	$	10
Add (deduct):
Fixed charges		526			575			607			578			570
Capitalized interest		(5	)		(3	)		(2	)		(2	)		(8	)
Amortization of capitalized interest		6			6			6			6			7
Minority interest in consolidated affiliates		7			4			4			8			15
Net (gains) losses related to certain 50% or less owned affiliates		1			16			22			9			(3	)
Distributions from equity investments		2			6			3			6			9
Distributions on preferred limited partner units		(27	)		(37	)		(37	)		(37	)		(32	)
Issuance costs of redeemed preferred units units		(4	)		(4	)		—			—			—
Adjusted earnings	$	676		$	478		$	343		$	488		$	568
Fixed charges:
Interest on indebtedness and amortization of deferred financing costs	$	444		$	484		$	521		$	492		$	484
Capitalized interest		5			3			2			2			8
Distributions on preferred limited partner units		27			37			37			37			32
Issuance costs of redeemed preferred units units		4			4			—			—			—
Portion of rents representative of the interest factor		46			47			47			47			46
Total fixed charges and preferred limited partner unit distributions	$	526		$	575		$	607		$	578		$	570
Ratio of earnings to fixed charges and preferred limited partner unit distributions		1.3			—			—			—			—
Deficiency of earnings to fixed charges and preferred limited partner unit distributions		—		$	(97	)	$	(264	)	$	(90	)	$	(2	)