a50170881ex12-1.htm

Summit Hotel Properties, Inc.

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

(Dollars in Thousands)

	Summit Hotel Properties, Inc.			Summit Hotel Properties, LLC (Predecessor)
	For the Period February 14, 2011 through December 31, 2011			For the Period January 1, 2011 through February 13, 2011			Year Ended December 31,
				For the Period January 1, 2011 through February 13, 2011			2010			2009			2008		2007			2006
Earnings
Pre-tax income (loss) from continuing operations	$	(6,502	)	$	(5,868	)	$	(20,718	)	$	(17,779	)	$	4,011	$	3,918		$	7,914
Interest expense		13,193			4,666			26,362			18,321			17,025		14,214			11,135
Amortization of financing costs		2,053			154			1,841			2,029			1,575		1,678			754
Amortization of capitalized interest		524			75			599			599			443		252			28
Total Earnings	$	9,268		$	(973	)	$	8,084		$	3,170		$	23,054	$	20,062		$	19,831

Fixed Charges
Interest expense	$	13,193		$	4,666		$	26,362		$	18,321		$	17,025	$	14,214		$	11,135
Capitalized interest		—			—			—			3,142			3,829		4,490			573

Amortization of financing costs		2,053			154			1,841			2,029			1,575		1,678			754
Total Fixed Charges	$	15,246		$	4,820		$	28,203		$	23,492		$	22,429	$	20,382		$	12,462

Preferred Dividends	$	411			—			—			—			—		—			—

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends		0.59	(1)		(0.20	)(2)		0.29	(3)		0.13	(4)		1.03		0.98	(5)		1.59

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(1)

For this period, earnings were less than fixed charges and preferred stock dividends. The total amount of fixed charges and preferred stock dividends for this period was approximately $15,657,000 and the total amount of earnings was approximately $9,268,000. The amount of the deficiency, or the amount of fixed charges and preferred stock dividends in excess of earnings, was approximately $6,389,000.

(2)

For this period, earnings were less than fixed charges. The total amount of fixed charges for this period was approximately $4,820,000 and the total amount of earnings was approximately $(973,000). The amount of the deficiency, or the amount of fixed charges in excess of earnings, was approximately $5,793,000.

(3)

For this period, earnings were less than fixed charges. The total amount of fixed charges for this period was approximately $28,203,000 and the total amount of earnings was approximately $8,084,000. The amount of the deficiency, or the amount of fixed charges in excess of earnings, was approximately $20,119,000.

(4)

For this period, earnings were less than fixed charges. The total amount of fixed charges for this period was approximately $23,492,000 and the total amount of earnings was approximately $3,170,000. The amount of the deficiency, or the amount of fixed charges in excess of earnings, was approximately $20,322,000.

(5)

For this period, earnings were less than fixed charges. The total amount of fixed charges for this period was approximately $20,382,000 and the total amount of earnings was approximately $20,062,000. The amount of the deficiency, or the amount of fixed charges in excess of earnings, was approximately $320,000.