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,

 

 

 

2005

 

2004

 

2004

 

2003

 

2002

 

2001

 

2000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

28,706

 

$

29,542

 

$

127,091

 

$

238,213

 

$

142,202

 

$

131,956

 

$

126,271

 

Fixed Charges

 

15,429

 

12,839

 

50,393

 

44,536

 

42,424

 

41,312

 

37,682

 

Adjusted Earnings

 

$

44,135

 

$

42,381

 

$

177,484

 

$

282,749

 

$

184,626

 

$

173,268

 

$

163,953

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness and amortization of deferred finance costs

 

$

15,429

 

$

12,839

 

$

50,393

 

$

44,536

 

$

42,424

 

$

41,312

 

$

37,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

$

15,429

 

$

12,839

 

$

50,393

 

$

44,536

 

$

42,424

 

$

41,312

 

$

37,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

2.86

x

3.30

x

3.52

x

6.35

x

4.35

x

4.19

x

4.35

x