EX-12.1 2 a07-5939_1ex12d1.htm EX-12.1

EXHIBIT 12.1

DiamondRock Hospitality Company

Ratio of Earnings to Combined Fixed Charges and Preferered Stock Dividends

 

 

Year Ended

 

 

 

December 31, 2006

 

December 31, 2005

 

 

 

(in thousands)

 

Income (Loss) Before Income Taxes

 

 

$

38,594

 

 

 

$

(8,689

)

 

Fixed Charges

 

 

40,547

 

 

 

19,927

 

 

Amortization of Capitalized Interest

 

 

77

 

 

 

7

 

 

Capitalized Interest

 

 

(604

)

 

 

(128

)

 

Earnings

 

 

$

78,614

 

 

 

$

11,117

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

Interest Expense

 

 

$

36,934

 

 

 

$

17,367

 

 

Portion of Rent Related to Interest

 

 

3,009

 

 

 

2,432

 

 

Capitalized Interest

 

 

604

 

 

 

128

 

 

Fixed Charges

 

 

40,547

 

 

 

19,927

 

 

Preferred Stock Dividends

 

 

—

 

 

 

—

 

 

Combined Fixed Charges and Preferred Stock Dividends

 

 

$

40,547

 

 

 

$

19,927

 

 

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

 

 

1.9

 

 

 

—

 

 

Deficiency

 

 

$

—

 

 

 

$

8,810