EX-12.1 2 drh_exhibit121x12312016.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,
| 2016 |  | 2015 |  | 2014 |  | 2013 |  | 2012
Income (Loss) from Continuing Operations Before Income Taxes | $ | 127,195 |  |  | $ | 85,630 |  |  | $ | 169,013 |  |  | $ | 22,715 |  |  | $ | (24,868 | )
Fixed Charges | 44,493 |  |  | 56,096 |  |  | 62,715 |  |  | 62,850 |  |  | 61,292 |
Amortization of Capitalized Interest | 42 |  |  | 55 |  |  | 70 |  |  | 70 |  |  | 70 |
Capitalized Interest | — |  |  | — |  |  | (914 | ) |  | (1,516 | ) |  | (1,164 | )
Earnings | $ | 171,730 |  |  | $ | 141,781 |  |  | $ | 230,884 |  |  | $ | 84,119 |  |  | $ | 35,330 |
Fixed Charges: |  |  |  |  |  |  |  |  |
Interest Expense and Amortization of Deferred Financing Costs | $ | 41,735 |  |  | $ | 52,684 |  |  | $ | 58,278 |  |  | $ | 57,279 |  |  | $ | 56,068 |
Portion of Rent Related to Interest | 2,758 |  |  | 3,412 |  |  | 3,523 |  |  | 4,055 |  |  | 4,060 |
Capitalized Interest | — |  |  | — |  |  | 914 |  |  | 1,516 |  |  | 1,164 |
Fixed Charges | 44,493 |  |  | 56,096 |  |  | 62,715 |  |  | 62,850 |  |  | 61,292 |
Preferred Stock Dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |
Combined Fixed Charges and Preferred Stock Dividends | $ | 44,493 |  |  | $ | 56,096 |  |  | $ | 62,715 |  |  | $ | 62,850 |  |  | $ | 61,292 |
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 3.86 |  |  | 2.53 |  |  | 3.68 |  |  | 1.34 |  |  |
Deficiency of Earnings to Fixed Charges and Preferred Stock Dividends | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (25,962 | )