EX-12.1 3 a13-19665_1ex12d1.htm EX-12.1

EXHIBIT 12.1

 

HOSPITALITY PROPERTIES TRUST

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(IN THOUSANDS, EXCEPT RATIO AMOUNTS)

 

 

 

Nine Months
Ended
September 30,

 

Year Ended December 31,

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

 

2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-Tax Income from Continuing Operations

 

$

95,867

 

$

153,535

 

$

191,942

 

$

21,989

 

$

198,537

 

$

126,181

 

Equity in (earnings) losses of an investee

 

(219

)

(316

)

(139

)

1

 

134

 

—

 

Fixed Charges

 

108,188

 

136,111

 

134,110

 

138,712

 

143,410

 

156,844

 

Adjusted Earnings

 

$

203,836

 

$

289,330

 

$

325,913

 

$

160,702

 

$

342,081

 

$

283,025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs and debt discounts

 

$

108,188

 

$

136,111

 

$

134,110

 

$

138,712

 

$

143,410

 

$

156,844

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

1.88x

 

2.13x

 

2.43x

 

1.16x

 

2.39x

 

1.80x