Lasalle Hotel Properties (LHO) 10-K 2016 FY Annual report

Exhibit 12.1

LaSalle Hotel Properties

Computation of Ratios of Earnings to Fixed Charges

(in thousands, except ratio data)

(unaudited)

	For the year ended December 31,
	2016			2015			2014			2013			2012
Net income attributable to common shareholders	$	234,575		$	123,383		$	197,561		$	70,984		$	45,146
Income tax expense (benefit)	5,784			(1,292		)	2,306			470			9,062
Noncontrolling interests	354			277			652			320			281
Fixed charges	49,569			61,425			64,404			61,871			56,129
Amortization of capitalized interest	850			755			690			683			840
Capitalized interest	(398		)	(902		)	(400		)	(649		)	(370		)
Earnings	$	290,734		$	183,646		$	265,213		$	133,679		$	111,088
Fixed Charges
Interest	$	40,416		$	51,702		$	54,459		$	55,263		$	50,981
Loss on extinguishment of debt	0			831			2,487			0			0
Capitalized interest	398			902			400			649			370
Amort. of discounts and capitalized cost related to indebtedness	3,359			2,631			2,169			2,253			1,915
Estimate of interest within rental expense	5,396			5,359			4,889			3,706			2,863
Total fixed charges	$	49,569		$	61,425		$	64,404		$	61,871		$	56,129
Ratio of earnings to fixed charges	5.87			2.99			4.12			2.16			1.98

LaSalle Hotel Properties

Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Share Dividends

(in thousands, except ratio data)

(unaudited)

	For the year ended December 31,
	2016			2015			2014			2013			2012
Net income attributable to common shareholders	$	234,575		$	123,383		$	197,561		$	70,984		$	45,146
Income tax expense (benefit)	5,784			(1,292		)	2,306			470			9,062
Noncontrolling interests	354			277			652			320			281
Fixed charges	67,775			73,594			78,737			79,256			77,862
Amortization of capitalized interest	850			755			690			683			840
Capitalized interest	(398		)	(902		)	(400		)	(649		)	(370		)
Earnings	$	308,940		$	195,815		$	279,546		$	151,064		$	132,821
Fixed Charges
Interest	$	40,416		$	51,702		$	54,459		$	55,263		$	50,981
Loss on extinguishment of debt	0			831			2,487			0			0
Capitalized interest	398			902			400			649			370
Amort. of discounts and capitalized cost related to indebtedness	3,359			2,631			2,169			2,253			1,915
Estimate of interest within rental expense	5,396			5,359			4,889			3,706			2,863
Preference security dividends	18,206			12,169			14,333			17,385			21,733
Total fixed charges and preference security dividends	$	67,775		$	73,594		$	78,737		$	79,256		$	77,862
Ratio of earnings to combined fixed charges and preferred share dividends	4.56			2.66			3.55			1.91			1.71