EX-12.1 10 dex121.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 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 --