EX-12.1 3 drh_exhibit121x12312014.htm EXHIBIT 12.1
EXHIBIT 12.1
DiamondRock Hospitality Company Computation of Ratios of Earnings to Fixed Charges and Preferred Stock Dividends(in thousands, except ratio amounts)

| Year Ended December 31,
| 2014 |  | 2013 |  | 2012 |  | 2011 |  | 2010
Income (Loss) from Continuing Operations Before Income Taxes | $ | 169,013 |  |  | $ | 22,715 |  |  | $ | (24,868 | ) |  | $ | (6,917 | ) |  | $ | (9,813 | )
Fixed Charges | 62,715 |  |  | 62,850 |  |  | 61,292 |  |  | 61,151 |  |  | 49,777 |
Amortization of Capitalized Interest | 70 |  |  | 70 |  |  | 70 |  |  | 111 |  |  | 175 |
Capitalized Interest | (914 | ) |  | (1,516 | ) |  | (1,164 | ) |  | (1,527 | ) |  | (112 | )
Earnings | $ | 230,884 |  |  | $ | 84,119 |  |  | $ | 35,330 |  |  | $ | 52,818 |  |  | $ | 40,027 |
Fixed Charges: |  |  |  |  |  |  |  |  |
Interest Expense and Amortization of Deferred Financing Costs | $ | 58,278 |  |  | $ | 57,279 |  |  | $ | 56,068 |  |  | $ | 55,507 |  |  | $ | 45,524 |
Portion of Rent Related to Interest | 3,523 |  |  | 4,055 |  |  | 4,060 |  |  | 4,117 |  |  | 4,141 |
Capitalized Interest | 914 |  |  | 1,516 |  |  | 1,164 |  |  | 1,527 |  |  | 112 |
Fixed Charges | 62,715 |  |  | 62,850 |  |  | 61,292 |  |  | 61,151 |  |  | 49,777 |
Preferred Stock Dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |
Combined Fixed Charges and Preferred Stock Dividends | $ | 62,715 |  |  | $ | 62,850 |  |  | $ | 61,292 |  |  | $ | 61,151 |  |  | $ | 49,777 |
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 3.68 |  |  | 1.34 |  |  |  |  |  |  |
Deficiency of Earnings to Fixed Charges and Preferred Stock Dividends | $ | — |  |  | $ | — |  |  | $ | (25,962 | ) |  | $ | (8,333 | ) |  | $ | (9,750 | )