Exhibit 12.1

STARWOOD HOTELS & RESORTS WORLDWIDE, INC.

STARWOOD HOTELS & RESORTS

CALCULATION OF RATIO OF EARNINGS TO TOTAL FIXED CHARGES

(Dollars in millions)

		Year Ended December 31,
		2000			1999			1998			1997			1996
Earnings:
Income from continuing operations		$	401		$	(638	)	$	220		$	(233	)	$	156
Add:
	Adjustment for distributions in excess of equity earnings and losses(a)		(14	)		(30	)		(8	)		(3	)		(1	)
	Provision for income taxes		201			1,076			(89	)		154			117
	Minority equity in net income		8			95			14			9			6
	Amortization of interest capitalized		1			1			4			2			4
			597			504			141			(71	)		282
Fixed Charges:
	Interest and other financial charges		457			516			473			33			82
	Interest factor attributable to rentals(b)		21			14			12			10			16
			478			530			485			43			98
Earnings, as adjusted, from continuing operations		$	1,075		$	1,034		$	626		$	(28	)	$	380
Fixed Charges:
	Fixed charges above	$	478		$	530		$	485		$	43		$	98
	Interest capitalized		3			8			14			7			7
	Total fixed charges	$	481		$	538		$	499		$	50		$	105
Ratio:
	Earnings, as adjusted, from continuing operations to fixed charges		2.23			1.92			1.25			(c	)		3.62

(a)	The adjustment represents distributions in excess of undistributed earnings and losses of companies in which at least 20% but less than 50% equity is owned.
(b)	The interest factor attributable to rentals consists of one-third of rental charges, which is deemed by Starwood to be representative of the interest factor inherent in rents.
(c)	Earnings were not adequate to cover total fixed charges by $78 million.