EXHIBIT 12.2

 

HOSPITALITY PROPERTIES TURST
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DISTRIBUTIONS
(DOLLARS IN THOUSANDS)

 

 

 

Nine Months Ended
September 30,

 

Year Ended December 31,

 

 

 

2003

 

2002

 

2002

 

2001

 

2000

 

1999

 

1998

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

94,081

 

$

103,466

 

$

142,202

 

$

131,956

 

$

126,271

 

$

111,929

 

$

81,341

 

Fixed charges

 

31,910

 

32,005

 

42,424

 

41,312

 

37,682

 

37,352

 

21,751

 

Adjusted earnings

 

$

125,991

 

$

135,471

 

$

184,626

 

$

173,268

 

$

163,953

 

$

149,281

 

$

103,092

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges and preferred distributions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (including amortization of note discounts and deferred financing fees)

 

$

31,910

 

$

32,005

 

$

42,424

 

$

41,312

 

$

37,682

 

$

37,352

 

$

21,751

 

Preferred distributions

 

11,085

 

5,344

 

7,572

 

7,125

 

7,125

 

5,106

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined fixed charges and
Preferred distributions

 

$

42,995

 

$

37,349

 

$

49,996

 

$

48,437

 

$

44,807

 

$

42,458

 

$

21,751

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined Fixed charges and preferred distributions

 

2.93x

 

3.63x

 

3.69x

 

3.58x

 

3.66x

 

3.52x

 

4.74x

 

 

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