EX-12.2 4 hpt-20150331ex122a71df5.htm EX-12.2

Exhibit 12.2

Hospitality Properties Trust

Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions

(in thousands, except ratio amounts)

|  | Three Months Ended March 31, |  | Year Ended December 31, |
|  | 2015 |  | 2014 |  | 2013 |  | 2012 |  | 2011 |  | 2010 |
Pre-tax income from continuing operations before equity in earnings of an investee |  | $ | 41,800 |  | $ | 199,036 |  | $ | 127,750 |  | $ | 153,219 |  | $ | 191,803 |  | $ | 21,990 |
Fixed Charges |  | 35,454 |  | 139,486 |  | 145,954 |  | 136,111 |  | 134,110 |  | 138,712 |
Adjusted Earnings |  | $ | 77,254 |  | $ | 338,522 |  | $ | 273,704 |  | $ | 289,330 |  | $ | 325,913 |  | $ | 160,702 |
Fixed Charges: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest on indebtedness and amortization of deferred finance costs and debt discounts |  | $ | 35,454 |  | $ | 139,486 |  | $ | 145,954 |  | $ | 136,111 |  | $ | 134,110 |  | $ | 138,712 |
Preferred distributions |  | 5,166 |  | 20,664 |  | 26,559 |  | 40,145 |  | 29,880 |  | 29,880 |
Combined Fixed Charges and Preferred distributions |  | $ | 40,620 |  | $ | 160,150 |  | $ | 172,513 |  | $ | 176,256 |  | $ | 163,990 |  | $ | 168,592 |
Ratio of Earnings to Fixed Charges and Preferred distributions |  | 1.90x |  | 2.11x |  | 1.59x |  | 1.64x |  | 1.99x |  | 0.95x | (1)

| (1) |  | The deficiency for this period was approximately $7,890.