EX-12.1 6 dex121.htm CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES Calculation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

Sunstone Hotel Investors, Inc.

Computation of Ratio of Earnings to Fixed Charges

(numbers in thousands, except ratio amounts)

 

     Year Ended
December 31,
2005
    Period
October 26,
through
December 31,
2004
     Period
January 1,
through
October 25,
2004
    Year Ended December 31,
  
             2003
     2002
     2001
  

Earnings

                                               

Earnings from Continuing Operations

    $ 27,586    $ (20,145 )   $ 792    $ (23,365 )   $ (4,877 )   $ (18,066 )

Interest Expense and amortization of deferred financing fees

      61,982      19,326       43,400      53,441       27,367       39,386  
    
  
 
  
 
 

Total

    $ 89,568    $ (819 )   $ 44,192    $ 30,076     $ 22,490     $ 21,320  
    
  
 
  
 
 

Fixed Charges

                                               

Interest Expense and amortization of deferred financing fees

    $ 61,982    $ 19,326     $ 43,400    $ 53,441     $ 27,367     $ 39,386  
    
  
 
  
 
 

Ratio

      1.45      (0.04 )     1.02      0.56       0.82       0.54  
    
  
 
  
 
 

Deficiency

    $ —      $ (20,145 )   $ —      $ (23,365 )   $ (4,877 )   $ (18,066 )