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Exhibit 12.2
HOST HOTELS & RESORTS, L.P. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED UNIT DISTRIBUTIONS
(in millions, except ratio amounts)
| Year-to-date ended | ||||||||
| September 7, 2012 | September 9, 2011 | |||||||
Income (loss) from continuing operations before income taxes | $ | 8 | $ | (38 | ) | |||
Add (deduct): | ||||||||
Fixed charges | 308 | 295 | ||||||
Capitalized interest | (4 | ) | (2 | ) | ||||
Amortization of capitalized interest | 5 | 5 | ||||||
Equity in (earnings)/losses related to certain 50% or less owned affiliates | (2 | ) | 3 | |||||
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Adjusted earnings | $ | 315 | $ | 263 | ||||
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Fixed charges: | ||||||||
Interest on indebtedness and amortization of deferred financing costs | $ | 272 | $ | 259 | ||||
Capitalized interest | 4 | 2 | ||||||
Portion of rents representative of the interest factor | 32 | 34 | ||||||
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Total fixed charges and preferred unit distributions | $ | 308 | $ | 295 | ||||
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Ratio of earnings to fixed charges and preferred unit distributions | 1.0 | — | ||||||
Deficiency of earnings to fixed charges and preferred unit distributions | $ | — | $ | (32 | ) | |||