EX-12 3 hst-ex12_201309301163.htm EX-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)

   

 

   

Year-to-date ended

   

September 30,
2013

   

   

September 7,
2012

   

Income from continuing operations before income taxes

$

173

   

   

$

(5

)

Add (deduct):

   

   

   

   

   

   

   

Fixed charges

   

269

   

   

   

308

   

Capitalized interest

   

(5

)

   

   

(4

)

Amortization of capitalized interest

   

5

   

   

   

5

   

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

   

(3

)

   

   

(2

)

Adjusted earnings

$

439

   

   

$

302

   

Fixed charges:

   

   

   

   

   

   

   

Interest on indebtedness and amortization of deferred financing costs

$

244

   

   

$

272

   

Capitalized interest

   

5

   

   

   

4

   

Portion of rents representative of the interest factor

   

20

   

   

   

32

   

Total fixed charges and preferred unit distributions

$

269

   

   

$

308

   

Ratio of earnings to fixed charges and preferred unit distributions

   

1.6

   

   

   

   

   

Deficiency of earnings to fixed charges and preferred unit distributions

$

—  

   

   

$

(6

)