Exhibit 12.1
FelCor Lodging Trust Incorporated/FelCor Lodging Limited Partnership
Computation of Ratio of Earnings To Fixed Charges
| Six Months | Six Months | |||||||||||||||||||||||||||||||||||
| 1999 | 2000 | 2001 | 2002 | 2003 | ended June 03 | ended June 04 | ||||||||||||||||||||||||||||||
| (amounts in thousands, except ratios) | ||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | 114,039 | 53,511 | (46,814 | ) | (76,069 | ) | (273,110 | ) | (33,996 | ) | (45,572 | ) | ||||||||||||||||||||||||
| Minority interests | 6,657 | 7,224 | (8,525 | ) | (6,885 | ) | (18,515 | ) | (2,511 | ) | (3,381 | ) | ||||||||||||||||||||||||
| Equity in income of unconsolidated entities | (8,484 | ) | (14,820 | ) | (7,346 | ) | 10,127 | (2,370 | ) | (578 | ) | (3,673 | ) | |||||||||||||||||||||||
| Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | 112,212 | 45,915 | (62,685 | ) | (72,827 | ) | (293,995 | ) | (37,085 | ) | (52,626 | ) | ||||||||||||||||||||||||
| Fixed charges: | ||||||||||||||||||||||||||||||||||||
| Interest expense | 125,436 | 158,620 | 159,171 | 164,355 | 167,361 | 80,826 | 80,857 | |||||||||||||||||||||||||||||
| Capitalized interest | 5,249 | 1,080 | 811 | 775 | 588 | 483 | 200 | |||||||||||||||||||||||||||||
| The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebetedness | 130,685 | 159,700 | 159,982 | 165,130 | 167,949 | 81,309 | 81,057 | |||||||||||||||||||||||||||||
| Amortization of capitalized interest | 1,109 | 1,200 | 1,269 | 1,225 | 1,191 | 322 | 329 | |||||||||||||||||||||||||||||
| Distributed income of equity investees | 19,581 | 25,358 | 8,132 | 11,310 | 8,848 | 2,913 | 3,129 | |||||||||||||||||||||||||||||
| Interest capitalized | (5,249 | ) | (1,080 | ) | (811 | ) | (775 | ) | (588 | ) | (483 | ) | (200 | ) | ||||||||||||||||||||||
| Earnings | 258,338 | 231,093 | 105,887 | 104,063 | (116,595 | ) | 46,976 | 31,689 | ||||||||||||||||||||||||||||
| Fixed charges | 130,685 | 159,700 | 159,982 | 165,130 | 167,949 | 81,309 | 81,057 | |||||||||||||||||||||||||||||
| Ratio of Earnings to Fixed Charges | 2.0 | 1.4 | 0.7 | 0.6 | (0.7 | ) | 0.6 | 0.4 | ||||||||||||||||||||||||||||
| Deficiency | 54,095 | 61,067 | 284,544 | 34,333 | 49,368 | |||||||||||||||||||||||||||||||