EX-12.1 8 hpt-20150930ex1219134cb.htm EX-12.1

Exhibit 12.1

Hospitality Properties Trust

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratio amounts)

|  | Nine Months Ended September 30, |  | Year Ended December 31, |
|  | 2015 |  | 2014 |  | 2013 |  | 2012 |  | 2011 |  | 2010 |
I ncome from continuing operations (including gains on sales of properties, if any) before income tax expense and equity in earnings (losses) of an investee |  | $ | 187,286 |  | $ | 199,036 |  | $ | 127,750 |  | $ | 153,219 |  | $ | 191,803 |  | $ | 21,990 |
Fixed Charges |  | 107,918 |  | 139,486 |  | 145,954 |  | 136,111 |  | 134,110 |  | 138,712 |
Adjusted Earnings |  | $ | 295,204 |  | $ | 338,522 |  | $ | 273,704 |  | $ | 289,330 |  | $ | 325,913 |  | $ | 160,702 |
Fixed Charges: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest on indebtedness and amortization of deferred finance costs and debt discounts |  | $ | 107,918 |  | $ | 139,486 |  | $ | 145,954 |  | $ | 136,111 |  | $ | 134,110 |  | $ | 138,712 |
Ratio of Earnings to Fixed Charges |  | 2.74x |  | 2.43x |  | 1.88x |  | 2.13x |  | 2.43x |  | 1.16x |