EX-12.2 3 dex122.htm EXHIBIT 12.2 Exhibit 12.2

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)

 

     Quarter ended  
     March 25,     March 26,  
     2011     2010  

Loss from continuing operations before income taxes

    $ (80 )    $ (104 ) 

Add (deduct):

     

Fixed charges

      94        110   

Capitalized interest

      (1 )      (1 ) 

Amortization of capitalized interest

      2        1   

Equity in (earnings)/losses related to certain 50% or less owned affiliates

      2        5   

Distribution on preferred units

      —          (2 ) 
                

Adjusted earnings

    $ 17      $ 9   
                

Fixed charges:

     

Interest on indebtedness and amortization of deferred financing costs

    $ 82      $ 96   

Capitalized interest

      1        1   

Distribution on preferred units

      —          2   

Portion of rents representative of the interest factor

      11        11   
                

Total fixed charges and preferred unit distributions

    $ 94      $ 110   
                

Deficiency of earnings to fixed charges and preferred unit distributions

    $ (77 )    $ (101 )