EX-12.2 3 d359021dex122.htm COMPUTATION OF RATIOS OF EARNINGS Computation of Ratios of Earnings

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  
     June 15,
2012		     June 17,
2011		  
    

Income (loss) from continuing operations before income taxes

    $ 32      $ (6 ) 

Add (deduct):

     

Fixed charges

      203        194   

Capitalized interest

      (2 )      (1 ) 

Amortization of capitalized interest

      3        3   

Equity in losses related to certain 50% or less owned affiliates

      (3 )      (2 ) 
  

 

 

    

 

 

  

Adjusted earnings

    $ 233      $ 188   
  

 

 

    

 

 

  

Fixed charges:

     

Interest on indebtedness and amortization of deferred financing costs

    $ 180      $ 171   

Capitalized interest

      2        1   

Portion of rents representative of the interest factor

      21        22   
  

 

 

    

 

 

  

Total fixed charges and preferred unit distributions

    $ 203      $ 194   
  

 

 

    

 

 

  

Ratio of earnings to fixed charges and preferred unit distributions

      1.1        —     

Deficiency of earnings to fixed charges and preferred unit distributions

    $ —        $ (6 )