EXHIBIT 12

HOST HOTELS & RESORTS, L.P. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

AND PREFERRED LIMITED PARTNER UNIT DISTRIBUTIONS

(in millions, except ratio amounts)

	2006			2005			2004			2003			2002
Income (loss) from operations before income taxes	$	345		$	157		$	(93	)	$	(265	)	$	(92	)
Add (deduct):
Fixed charges		526			526			575			607			578
Capitalized interest		(5	)		(5	)		(3	)		(2	)		(2	)
Amortization of capitalized interest		6			6			6			6			6
Minority interest in consolidated affiliates		10			7			4			4			8
Net losses related to certain 50% or less owned affiliates		6			1			16			22			9
Distributions from equity investments		3			2			6			3			6
Distributions on preferred OP units		(14	)		(27	)		(37	)		(37	)		(37	)
Issuance costs of redeemed preferred OP units		(6	)		(4	)		(4	)		—			—
Adjusted earnings	$	871		$	663		$	470		$	338		$	476
Fixed charges:
Interest on indebtedness and amortization of deferred financing costs	$	450		$	444		$	484		$	521		$	492
Capitalized interest		5			5			3			2			2
Distributions on preferred units		14			27			37			37			37
Issuance costs of redeemed preferred OP units		6			4			4			—			—
Portion of rents representative of the interest factor		51			46			47			47			47
Total fixed charges and preferred OP unit distributions	$	526		$	526		$	575		$	607		$	578
Ratio of earnings to fixed charges and preferred OP unit distributions		1.7			1.3			—			—			—
Deficiency of earnings to fixed charges and preferred OP unit distributions	$	—		$	—		$	(105	)	$	(269	)	$	(102	)