EX-12.1 3 drh_exhibit121x12312014.htm EXHIBIT 12.1 DRH_Exhibit 12.1_12.31.2014


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,
 
2014
 
2013
 
2012
 
2011
 
2010
Income (Loss) from Continuing Operations Before Income Taxes
$
169,013

 
$
22,715

 
$
(24,868
)
 
$
(6,917
)
 
$
(9,813
)
Fixed Charges
62,715

 
62,850

 
61,292

 
61,151

 
49,777

Amortization of Capitalized Interest
70

 
70

 
70

 
111

 
175

Capitalized Interest
(914
)
 
(1,516
)
 
(1,164
)
 
(1,527
)
 
(112
)
Earnings
$
230,884

 
$
84,119

 
$
35,330

 
$
52,818

 
$
40,027

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest Expense and Amortization of Deferred Financing Costs
$
58,278

 
$
57,279

 
$
56,068

 
$
55,507

 
$
45,524

Portion of Rent Related to Interest
3,523

 
4,055

 
4,060

 
4,117

 
4,141

Capitalized Interest
914

 
1,516

 
1,164

 
1,527

 
112

Fixed Charges
62,715

 
62,850

 
61,292

 
61,151

 
49,777

Preferred Stock Dividends
—

 
—

 
—

 
—

 
—

Combined Fixed Charges and Preferred Stock Dividends
$
62,715

 
$
62,850

 
$
61,292

 
$
61,151

 
$
49,777

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
3.68

 
1.34

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

 
$
—

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