Exhibit 12.1

Hospitality Properties Trust

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratio amounts)

		Three Months Ended March 31,						Year Ended December 31,
		2003			2002			2002			2001			2000			1999			1998
Net Income		$	32,602		$	33,331		$	142,202		$	131,956		$	126,271		$	111,929		$	81,341
Fixed Charges		10,669			10,047			42,424			41,312			37,682			37,352			21,751
Adjusted Earnings		$	43,271		$	43,378		$	184,626		$	173,268		$	163,953		$	149,281		$	103,092
Fixed Charges:
Interest on indebtedness and amortization of deferred finance costs		$	10,669		$	10,047		$	42,424		$	41,312		$	37,682		$	37,352		$	21,751
Total Fixed Charges		$	10,669		$	10,047		$	42,424		$	41,312		$	37,682		$	37,352		$	21,751
Ratio of Earnings to Fixed Charges		4.06		x	4.32		x	4.35		x	4.19		x	4.35		x	4.00		x	4.74		x