RHP Property GT S-3/A Shelf registration (amended)

Exhibit 12.1

Gaylord Entertainment Company
Ratio of Earnings to Fixed Charges

	Year Ended December 31,															Three Months Ended March 31,
	2004			2005			2006			2007			2008			3/31/2008			3/31/2009
Fixed Charges:
Interest Expensed and Capitalized:
Interest Expense, Net of Amounts Capitalized		55,042			73,249			72,473			38,536			64,069			3,579			18,600
Capitalized Interest		5,464			2,464			10,046			42,313			16,360			15,237			419
Total interest expensed and capitalized (includes amortization of deferred financing costs)		60,506			75,713			82,519			80,849			80,429			18,816			19,019
Rent Expense		13,441			12,980			15,035			15,019			15,313			3,501			3,735
% Rent assumed to be Interest		90.57	%		94.95	%		94.95	%		94.95	%		94.95	%		94.95	%		94.95	%
Interest component of rent		12,174			12,325			14,276			14,261			14,540			3,324			3,546
Total Fixed Charges		72,680			88,038			96,795			95,110			94,969			22,140			22,565
Earnings:
Add:
Income from continuing operations before income taxes		(92,582	)		(40,902	)		8,767			164,653			5,655			(9,572	)		9,804
Fixed Charges		72,680			88,038			96,795			95,110			94,969			22,140			22,565
Amortization of Capitalized Interest		1,622			1,832			1,847			1,872			3,112			468			881
Less:
Capitalized Interest		(5,464	)		(2,464	)		(10,046	)		(42,313	)		(16,360	)		(15,237	)		(419	)
Total Earnings		(23,744	)		46,504			97,363			219,322			87,376			(2,201	)		32,831
Ratio of Earnings to Fixed Charges		(0.33	)		0.53			1.01			2.31			0.92			(0.10	)		1.45
Ratio Disclosed		—			—			1.01			2.31			—			—			1.45
Earnings Needed to Cover Fixed Charges		96,424			41,534			—			—			7,593			24,341			—