Exhibit 12.1
FelCor Lodging Limited Partnership
Computation of Ratio of Earnings to Combined Fixed Charges
Nine Months Ended | ||||||||||||||||||||||||||||
September 30, | Year Ended December 31, | |||||||||||||||||||||||||||
2009 | 2008 | 2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||||||||
Income (loss) from continuing operations | (57,864 | ) | (32,185 | ) | (121,667 | ) | 54,660 | 6,057 | (21,226 | ) | (84,599 | ) | ||||||||||||||||
Equity in loss (income) of unconsolidated entities | 3,197 | 1,064 | 10,932 | (20,357 | ) | (11,537 | ) | (10,169 | ) | (17,121 | ) | |||||||||||||||||
Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investees | (54,667 | ) | (31,121 | ) | (110,735 | ) | 34,303 | (5,480 | ) | (31,395 | ) | (101,720 | ) | |||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense | 69,074 | 76,112 | 100,411 | 98,929 | 114,909 | 125,707 | 138,873 | |||||||||||||||||||||
Capitalized interest | 565 | 1,081 | 1,350 | 4,807 | 4,916 | 1,874 | 1,489 | |||||||||||||||||||||
The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebtedness | 69,639 | 77,193 | 101,761 | 103,736 | 119,825 | 127,581 | 140,362 | |||||||||||||||||||||
Amortization of capitalized interest | 1,391 | 1,332 | 1,832 | 1,737 | 1,359 | 1,039 | 891 | |||||||||||||||||||||
Distributed income of equity investees | 2,256 | 2,044 | 2,972 | 946 | 3,632 | 1,062 | 11,932 | |||||||||||||||||||||
Interest capitalized | (565 | ) | (1,081 | ) | (1,350 | ) | (4,807 | ) | (4,916 | ) | (1,874 | ) | (1,489 | ) | ||||||||||||||
Earnings | 18,054 | 48,367 | (5,520 | ) | 135,915 | 114,420 | 96,413 | 49,976 | ||||||||||||||||||||
Fixed charges | 69,639 | 77,193 | 101,761 | 103,736 | 119,825 | 127,581 | 140,362 | |||||||||||||||||||||
Ratio of Earnings to Fixed Charges | 0.26 | 0.63 | (0.05 | ) | 1.31 | 0.95 | 0.76 | 0.36 | ||||||||||||||||||||
Deficiency | 51,585 | 28,826 | 107,281 | 5,405 | 31,168 | 90,386 |