EX-12 3 file002.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 FAIRFIELD INN BY MARRIOTT LIMITED PARTNERSHIP COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands, except ratios)
2001 2000 1999 1998 1997 Net loss $(11,472) $(14,774) $(8,552) $(12,999) $(1,411) Add: Fixed charges 13,890 14,361 14,489 14,726 15,258 -------------- --------------- ------------- ----------- ----------- Adjusted earnings $ 2,418 $ (413) $ 5,937 $ 1,727 $ 13,847 ============== =============== ============= =========== =========== Fixed charges: Interest on indebtedness and amortization of deferred financing costs $ 12,845 $ 13,238 $ 13,528 $ 13,792 $ 14,335 Portion of rents representative of interest factor 1,045 1,123 961 934 923 -------------- --------------- ------------- ----------- ----------- Total fixed charges $ 13,890 $ 14,361 $ 14,489 $ 14,726 $ 15,258 ============== =============== ============= =========== =========== Ratio of earnings to fixed charges -- -- -- -- -- Deficiency of earnings to fixed charges $ 11,472 $ 14,774 $ 8,552 $ 12,999 $ 1,411
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