EX-12.1 3 drh_exhibit121x12312013.htm EXHIBIT 12.1 DRH_Exhibit 12.1_12.31.2013


EXHIBIT 12.1

DiamondRock Hospitality Company Computation of Ratios of Earnings to Fixed Charges and Preferred Stock Dividends(in thousands, except ratio amounts)


 
Year Ended December 31,
 
2013
 
2012
 
2011
 
2010
 
2009
Income (Loss) from Continuing Operations Before Income Taxes
$
22,715

 
$
(24,868
)
 
$
(6,917
)
 
$
(9,813
)
 
$
(31,157
)
Fixed Charges
62,850

 
61,292

 
61,151

 
49,777

 
54,670

Amortization of Capitalized Interest
70

 
70

 
111

 
175

 
175

Capitalized Interest
(1,516
)
 
(1,164
)
 
(1,527
)
 
(112
)
 
(19
)
Earnings
$
84,119

 
$
35,330

 
$
52,818

 
$
40,027

 
$
23,669

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest Expense and Amortization of Deferred Financing Costs
$
57,279

 
$
56,068

 
$
55,507

 
$
45,524

 
$
51,609

Portion of Rent Related to Interest
4,055

 
4,060

 
4,117

 
4,141

 
3,042

Capitalized Interest
1,516

 
1,164

 
1,527

 
112

 
19

Fixed Charges
62,850

 
61,292

 
61,151

 
49,777

 
54,670

Preferred Stock Dividends
 
 
—

 
—

 
—

 
—

Combined Fixed Charges and Preferred Stock Dividends
$
62,850

 
$
61,292

 
$
61,151

 
$
49,777

 
$
54,670

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
1.34

 
 
 
 
 
 
 
 
Deficiency of Earnings to Fixed Charges and Preferred Stock Dividends
$
—

 
$
(25,962
)
 
$
(8,333
)
 
$
(9,750
)
 
$
(31,001
)