Exhibit 12
MERISTAR HOSPITALITY OPERATING PARTNERSHIP, L.P.
Statement Regarding Computation of Ratios
2003 | 2002 | 2001 | 2000 | 1999 | ||||||||||||||||
Income from continuing operations before minority interests and income tax expense (1) | $ | (272,457 | ) | $ | (78,413 | ) | $ | (19,417 | ) | $ | 86,036 | $ | 79,394 | |||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 141,443 | 136,880 | 122,655 | 118,221 | 100,922 | |||||||||||||||
Interest capitalized | 3,062 | 3,993 | 6,098 | 8,613 | 12,540 | |||||||||||||||
Amortization of debt expense | 5,020 | 6,808 | 4,030 | 3,326 | 2,729 | |||||||||||||||
Preferred distributions | 556 | 554 | 554 | 554 | 574 | |||||||||||||||
Total fixed charges | 150,081 | 148,235 | 133,337 | 130,714 | 116,765 | |||||||||||||||
Income from continuing operations before minority interest, income tax expense and fixed charges (excluding capitalized interest and preferred distributions) | (125,994 | ) | 65,275 | 107,268 | 207,583 | 183,045 | ||||||||||||||
Divided by fixed charges | 150,081 | 148,235 | 133,337 | 130,714 | 116,765 | |||||||||||||||
Ratio of earnings to fixed charges | (0.84 | ) | 0.44 | 0.80 | 1.59 | 1.57 | ||||||||||||||
Deficiency | (276,075 | ) | (82,960 | ) | (26,069 | ) | — | — |
(1) | This amount is before minority interests since the minority interests relate to majority-owned subsidiaries that have fixed charges. |