EX-12.1 2 drh_exhibit121x12312011.htm RATIO OF EARNINGS TO FIXED CHARGES DRH_Exhibit 12.1_12.31.2011


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,
 
2011
 
2010
 
2009
 
2008
 
2007
(Loss) Income from Continuing Operations Before Income Taxes
$
(4,085
)
 
$
(8,864
)
 
$
(30,091
)
 
$
38,698

 
$
61,621

Fixed Charges
61,151

 
49,777

 
54,670

 
53,698

 
54,514

Amortization of Capitalized Interest
111

 
175

 
175

 
166

 
159

Capitalized Interest
(1,527
)
 
(112
)
 
(19
)
 
(259
)
 
(50
)
Earnings
$
55,650

 
$
40,976

 
$
24,735

 
$
92,303

 
$
116,244

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest Expense
$
55,507

 
$
45,524

 
$
51,609

 
$
50,404

 
$
51,445

Portion of Rent Related to Interest
4,117

 
4,141

 
3,042

 
3,035

 
3,019

Capitalized Interest
1,527

 
112

 
19

 
259

 
50

Fixed Charges
61,151

 
49,777

 
54,670

 
53,698

 
54,514

Preferred Stock Dividends
—

 
—

 
—

 
—

 
—

Combined Fixed Charges and Preferred Stock Dividends
$
61,151

 
$
49,777

 
$
54,670

 
$
53,698

 
$
54,514

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
 
 
 
 
 
 
1.7

 
2.1

Deficiency of Earnings to Fixed Charges and Preferred Stock Dividends
$
(5,501
)
 
$
(8,801
)
 
$
(29,935
)