EXHIBIT 12.2

HOST HOTELS & RESORTS, L.P. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

AND PREFERRED UNIT DISTRIBUTIONS

(in millions, except ratio amounts)

	Year-to-date ended
	September 9,   2011			September 10,   2010
Loss from continuing operations before income taxes	$	(37	)	$	(145	)
Add (deduct):
Fixed charges		295			311
Capitalized interest		(2	)		(2	)
Amortization of capitalized interest		5			5
Equity in (earnings)/losses related to certain 50% or less owned affiliates		3			5
Distributions from equity investments		—			2
Distribution on preferred units		—			(4	)
Issuance costs of redeemed preferred OP units		—			(4	)
Adjusted earnings	$	264		$	168
Fixed charges:
Interest on indebtedness and amortization of deferred financing costs	$	259		$	268
Capitalized interest		2			2
Distribution on preferred units		—			4
Issuance costs of redeemed preferred OP units		—			4
Portion of rents representative of the interest factor		34			33
Total fixed charges and preferred unit distributions	$	295		$	311
Deficiency of earnings to fixed charges and preferred unit distributions	$	(31	)	$	(143	)