Exhibit 12.2

 

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 and Preferred Distributions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs

 

$

10,669

 

$

10,047

 

$

42,424

 

$

41,312

 

$

37,682

 

$

37,352

 

$

21,751

 

Preferred Distributions

 

3,695

 

1,781

 

7,572

 

7,125

 

7,125

 

5,106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined Fixed Charges and Preferred Distributions

 

$

14,364

 

$

11,828

 

$

49,996

 

$

48,437

 

$

44,807

 

$

42,458

 

$

21,751

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Combined Fixed Charges and Preferred Distributions

 

3.01

x

3.67

x

3.69

x

3.58

x

3.66

x

3.52

x

4.74

x