EX-12.1 2 drh_exhibit121x12312017.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,
| 2017 |  | 2016 |  | 2015 |  | 2014 |  | 2013
Income (Loss) from Continuing Operations Before Income Taxes | $ | 102,084 |  |  | $ | 127,195 |  |  | $ | 97,205 |  |  | $ | 169,013 |  |  | $ | 22,715 |
Fixed Charges | 40,368 |  |  | 44,493 |  |  | 56,096 |  |  | 62,715 |  |  | 62,850 |
Amortization of Capitalized Interest | 28 |  |  | 42 |  |  | 55 |  |  | 70 |  |  | 70 |
Capitalized Interest | — |  |  | — |  |  | — |  |  | (914 | ) |  | (1,516 | )
Earnings | $ | 142,480 |  |  | $ | 171,730 |  |  | $ | 153,356 |  |  | $ | 230,884 |  |  | $ | 84,119 |
Fixed Charges: |  |  |  |  |  |  |  |  |
Interest Expense and Amortization of Deferred Financing Costs | $ | 38,481 |  |  | $ | 41,735 |  |  | $ | 52,684 |  |  | $ | 58,278 |  |  | $ | 57,279 |
Portion of Rent Related to Interest | 1,887 |  |  | 2,758 |  |  | 3,412 |  |  | 3,523 |  |  | 4,055 |
Capitalized Interest | — |  |  | — |  |  | — |  |  | 914 |  |  | 1,516 |
Fixed Charges | 40,368 |  |  | 44,493 |  |  | 56,096 |  |  | 62,715 |  |  | 62,850 |
Preferred Stock Dividends | — |  |  | — |  |  | — |  |  | — |  |  | — |
Combined Fixed Charges and Preferred Stock Dividends | $ | 40,368 |  |  | $ | 44,493 |  |  | $ | 56,096 |  |  | $ | 62,715 |  |  | $ | 62,850 |
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 3.53 |  |  | 3.86 |  |  | 2.73 |  |  | 3.68 |  |  | 1.34 |
Deficiency of Earnings to Fixed Charges and Preferred Stock Dividends | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |