EXHIBIT 12

HILTON WORLDWIDE HOLDINGS INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio amounts)

(unaudited)

	Six Months Ended June 30,						Year Ended December 31,
	2014			2013			2013			2012			2011			2010			2009
Earnings:
Income (loss) before taxes	$	540		$	317		$	698		$	573		$	196		$	419		$	(810	)
Equity in (earnings) losses from unconsolidated affiliates		(12	)		(8	)		(16	)		11			145			12			113
		528			309			682			584			341			431			(697	)
Add:
Fixed charges		386			345			767			724			795			1,087			1,145
Distributed income of equity method investees		11			10			27			31			13			18			22
Subtract:
Interest capitalized		(2	)		(3	)		(7	)		(6	)		(6	)		(1	)		(11	)
Earnings available for fixed charges	$	923		$	661		$	1,469		$	1,333		$	1,143		$	1,535		$	459
Fixed Charges:
Interest expense(1)	$	311		$	274		$	620		$	569		$	643		$	946		$	1,000
Interest capitalized		2			3			7			6			6			1			11
Estimated interest included in rent expense		73			68			140			149			146			140			134
Total Fixed Charges	$	386		$	345		$	767		$	724		$	795		$	1,087		$	1,145
Ratio of Earnings to Fixed Charges		2.4			1.9			1.9			1.8			1.4			1.4			0	(2)

⁽¹⁾  Includes the amortization of debt discounts, premiums and capitalized expenses related to indebtedness.

⁽²⁾ For the year ended December 31, 2009, earnings were inadequate to cover fixed charges by approximately $686 million.