Exhibit 12
MeriStar Hospitality Operating Partnership, L.P.
Ratio of Earnings to Fixed Charges
| Year Ended December 31, | |||||||||||||||||||||
| 2002 | 2001 | 2000 | 1999 | 1998 | |||||||||||||||||
| Fixed Charges: | |||||||||||||||||||||
| Interest expensed | $ | 136,429 | $ | 122,472 | $ | 117,613 | $ | 100,464 | $ | 49,761 | |||||||||||
| Capitalized interest | 3,993 | 6,098 | 8,613 | 12,463 | 5,913 | ||||||||||||||||
| Amortized premiums, discounts and capitalized expenses related to debt | 6,808 | 4,030 | 3,326 | 2,729 | 1,624 | ||||||||||||||||
| Preferred distributions | 554 | 554 | 554 | 565 | 650 | ||||||||||||||||
| Fixed Charges: | $ | 147,784 | $ | 133,154 | $ | 130,106 | $ | 116,221 | $ | 57,948 | |||||||||||
| Earnings: | |||||||||||||||||||||
| Income from continuing operations before minority interests | $ | (137,799 | ) | $ | (36,306 | ) | $ | 104,063 | $ | 110,005 | $ | 82,238 | |||||||||
| Fixed charges | 147,784 | 133,154 | 130,106 | 116,221 | 57,948 | ||||||||||||||||
| Amortization of capitalized interest | 923 | 833 | 681 | 466 | 152 | ||||||||||||||||
| 10,908 | 97,681 | 234,850 | 226,692 | 140,338 | |||||||||||||||||
| Less: | |||||||||||||||||||||
| Capitalized interest | (3,993 | ) | (6,098 | ) | (8,613 | ) | (12,540 | ) | (5,182 | ) | |||||||||||
| Preferred distributions | (554 | ) | (554 | ) | (554 | ) | (565 | ) | (650 | ) | |||||||||||
| (4,547 | ) | (6,652 | ) | (9,167 | ) | (13,105 | ) | (5,832 | ) | ||||||||||||
| Earnings | $ | 6,360 | $ | 91,029 | $ | 225,683 | $ | 213,587 | $ | 134,506 | |||||||||||
| Ratio of Earnings to Fixed Charges | 0.0x | 0.7x | 1.7x | 1.8x | 2.3x | ||||||||||||||||
MeriStar LP has no equity investees; therefore, income and distributions from equity investees were zero for all periods presented.
