EX-12.1 2 dex121.txt EXHIBIT 12.1 Exhibit 12.1 FAIRFIELD INN BY MARRIOTT LIMITED PARTNERSHIP COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands, except ratios)
First Quarter Fiscal Year ---------------- --------------------------------------------- 2001 2000 2000 1999 1998 1997 1996 ------- ------- -------- ------- -------- ------- ------- Income (loss) from operations............. $(2,394) $(2,728) $(14,774) $(8,552) $(12,999) $(1,411) $ 1,420 Add: Fixed charges......... 3,181 3,275 14,361 14,489 14,726 15,258 17,540 ------- ------- -------- ------- -------- ------- ------- Adjusted earnings....... $ 787 $ 547 $ (413) $ 5,937 $ 1,727 $13,847 $18,960 ======= ======= ======== ======= ======== ======= ======= Fixed charges: Interest on indebtedness and amortization of deferred financing costs................ $ 2,919 $ 3,104 $ 13,238 $13,528 $ 13,792 $14,335 $16,645 Portion of rents representative of interest factor...... 262 171 1,123 961 934 923 895 ------- ------- -------- ------- -------- ------- ------- Total fixed charges............ $ 3,181 $ 3,275 $ 14,361 $14,489 $ 14,726 $15,258 $17,540 ======= ======= ======== ======= ======== ======= ======= Ratio of earnings to fixed charges........ -- -- -- -- -- -- 1.1x Deficiency of earnings to fixed charges..... $ 2,394 $ 2,728 $ 14,774 $ 8,552 $ 12,999 $ 1,411 --