EX-12.1 2 drh_exhibit121x12312012.htm EXHIBIT 12.1 DRH_Exhibit 12.1_12.31.2012


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,
 
2012
 
2011
 
2010
 
2009
 
2008
(Loss) Income from Continuing Operations Before Income Taxes
$
(22,184
)
 
$
(4,677
)
 
$
(9,057
)
 
$
(29,827
)
 
$
36,886

Fixed Charges
61,292

 
61,151

 
49,777

 
54,670

 
53,698

Amortization of Capitalized Interest
70

 
111

 
175

 
175

 
166

Capitalized Interest
(1,164
)
 
(1,527
)
 
(112
)
 
(19
)
 
(259
)
Earnings
$
38,014

 
$
55,058

 
$
40,783

 
$
24,999

 
$
90,491

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest Expense
$
56,068

 
$
55,507

 
$
45,524

 
$
51,609

 
$
50,404

Portion of Rent Related to Interest
4,060

 
4,117

 
4,141

 
3,042

 
3,035

Capitalized Interest
1,164

 
1,527

 
112

 
19

 
259

Fixed Charges
61,292

 
61,151

 
49,777

 
54,670

 
53,698

Preferred Stock Dividends
—

 
—

 
—

 
—

 
—

Combined Fixed Charges and Preferred Stock Dividends
$
61,292

 
$
61,151

 
$
49,777

 
$
54,670

 
$
53,698

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

Deficiency of Earnings to Fixed Charges and Preferred Stock Dividends
$
(23,278
)
 
$
(6,093
)
 
$
(8,994
)
 
$
(29,671
)