EXHIBIT 12.1

Hospitality Properties Trust

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratio amounts)

		Year Ended December 31,
		2004			2003			2002			2001			2000
Net income		$	127,091		$	238,213		$	142,202		$	131,956		$	126,271
Fixed charges		50,393			44,536			42,424			41,312			37,682
Adjusted earnings		$	177,484		$	282,749		$	184,626		$	173,268		$	163,953
Fixed charges:
Interest on indebtedness and amortization of deferred finance costs		$	50,393		$	44,536		$	42,424		$	41,312		$	37,682
Ratio of earnings to fixed charges		3.52		x	6.35		x	4.35		x	4.19		x	4.35		x