EXHIBIT 12

HOST MARRIOTT CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS

(in millions, except ratio amounts)

	2005			2004			2003			2002			2001
Income (loss) from operations before income taxes	$	162		$	(84	)	$	(260	)	$	(78	)	$	4
Add (deduct):
Fixed charges		525			574			606			576			569
Capitalized interest		(5	)		(3	)		(2	)		(2	)		(8	)
Amortization of capitalized interest		6			6			6			6			7
Minority interest in consolidated affiliates		16			4			5			7			23
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
Dividends on preferred stock		(27	)		(37	)		(37	)		(37	)		(32	)
Issuance costs of redeemed preferred stock		(4	)		(4	)		—			—			—
Adjusted earnings	$	676		$	478		$	343		$	487		$	569
Fixed charges:
Interest on indebtedness and amortization of deferred financing costs	$	443		$	483		$	488		$	458		$	451
Capitalized interest		5			3			2			2			8
Dividends on convertible preferred securities of subsidiary trust		—			—			32			32			32
Dividends on preferred stock		27			37			37			37			32
Issuance costs of redeemed preferred stock		4			4			—			—			—
Portion of rents representative of the interest factor		46			47			47			47			46
Total fixed charges and preferred stock dividends	$	525		$	574		$	606		$	576		$	569
Ratio of earnings to fixed charges and preferred stock dividends		1.3			—			—			—			1.0
Deficiency of earnings to fixed charges and preferred stock dividends		—		$	(96	)	$	(263	)	$	(89	)		—