Lasalle Hotel Properties (LHO) 10-K 2017 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,
	2017			2016			2015			2014			2013
Net income attributable to common shareholders	$	174,609		$	234,575		$	123,383		$	197,561		$	70,984
Income tax expense (benefit)	1,699			5,784			(1,292		)	2,306			470
Noncontrolling interests	282			354			277			652			320
Fixed charges	47,073			49,569			61,425			64,404			61,871
Amortization of capitalized interest	809			850			755			690			683
Capitalized interest	(762		)	(398		)	(902		)	(400		)	(649		)
Earnings	$	223,710		$	290,734		$	183,646		$	265,213		$	133,679
Fixed Charges
Interest	$	36,595		$	40,416		$	51,702		$	54,459		$	55,263
Loss on extinguishment of debt	1,706			0			831			2,487			0
Capitalized interest	762			398			902			400			649
Amort. of discounts and capitalized cost related to indebtedness	2,771			3,359			2,631			2,169			2,253
Estimate of interest within rental expense	5,239			5,396			5,359			4,889			3,706
Total fixed charges	$	47,073		$	49,569		$	61,425		$	64,404		$	61,871
Ratio of earnings to fixed charges	4.75			5.87			2.99			4.12			2.16

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,
	2017			2016			2015			2014			2013
Net income attributable to common shareholders	$	174,609		$	234,575		$	123,383		$	197,561		$	70,984
Income tax expense (benefit)	1,699			5,784			(1,292		)	2,306			470
Noncontrolling interests	282			354			277			652			320
Fixed charges	65,097			67,775			73,594			78,737			79,256
Amortization of capitalized interest	809			850			755			690			683
Capitalized interest	(762		)	(398		)	(902		)	(400		)	(649		)
Earnings	$	241,734		$	308,940		$	195,815		$	279,546		$	151,064
Fixed Charges
Interest	$	36,595		$	40,416		$	51,702		$	54,459		$	55,263
Loss on extinguishment of debt	1,706			0			831			2,487			0
Capitalized interest	762			398			902			400			649
Amort. of discounts and capitalized cost related to indebtedness	2,771			3,359			2,631			2,169			2,253
Estimate of interest within rental expense	5,239			5,396			5,359			4,889			3,706
Preference security dividends	18,024			18,206			12,169			14,333			17,385
Total fixed charges and preference security dividends	$	65,097		$	67,775		$	73,594		$	78,737		$	79,256
Ratio of earnings to combined fixed charges and preferred share dividends	3.71			4.56			2.66			3.55			1.91