EXHIBIT 12.1
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
CALCULATION OF RATIO OF EARNINGS TO TOTAL FIXED CHARGES
(Dollars in Millions)

	Year Ended December 31,
	2005		2004			2003			2002		2001
Earnings:
Income (loss) from continuing operations		423		369			105			251		147
Add:
Adjustment for distributions in excess of equity earnings and losses (a)		19		(9	)		37			3		(13	)
Provision for income taxes		219		43			(113	)		2		42
Minority equity in net income (loss)		—		—			(3	)		2		3
Amortization of interest capitalized		1		1			1			1		1
		662		404			27			259		180
Fixed Charges:
Interest and other financial charges		283		275			305			356		403
Interest factor attributable to rentals (b)		30		28			26			26		25
		313		303			331			382		428
Earnings, as adjusted, from continuing operations		975		707			358			641		608
Fixed Charges:
Fixed charges above		313		303			331			382		428
Interest capitalized		25		18			14			10		11
Total fixed charges		338		321			345			392		439
Ratio:
Earnings, as adjusted, from continuing operations to fixed charges		2.88		2.20			1.04			1.64		1.38

Notes:

(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.