EXHIBIT 12.2

HOST HOTELS & RESORTS, L.P. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

AND PREFERRED UNIT DISTRIBUTIONS

(in millions, except ratio amounts)

	2010			2009			2008			2007			2006
Income (loss) from operations before income taxes	$	(159	)	$	(236	)	$	380		$	536		$	310
Add (deduct):
Fixed charges		444			441			447			515			536
Capitalized interest		(3	)		(5	)		(10	)		(10	)		(5	)
Amortization of capitalized interest		7			6			6			6			6
Net (earnings)/losses related to certain 50% or less owned affiliates		1			32			10			(11	)		6
Distributions from equity investments		2			1			3			4			3
Dividends on preferred units		(4	)		(9	)		(9	)		(9	)		(14	)
Issuance costs of redeemed preferred units		(4	)		—			—			—			(6	)
Adjusted earnings	$	284		$	230		$	827		$	1,031		$	836
Fixed charges:
Interest on indebtedness and amortization of deferred financing costs	$	384		$	379		$	375		$	444		$	460
Capitalized interest		3			5			10			10			5
Dividends on preferred units		4			9			9			9			14
Issuance costs of redeemed preferred units		4			—			—			—			6
Portion of rents representative of the interest factor		49			48			53			52			51
Total fixed charges and preferred unit distributions	$	444		$	441		$	447		$	515		$	536
Ratio of earnings to fixed charges and preferred unit distributions								1.9			2.0			1.6
Deficiency of earnings to fixed charges and preferred unit distributions	$	(160	)	$	(211	)	$	—		$	—		$	—