Felcor TRS Borrower 4, L.L.C. S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

FelCor Lodging Limited Partnership
Computation of Ratio of Earnings To Fixed Charges
	Six Months Ended
	June 30,						Year Ended December 31,
	2011			2010			2010			2009			2008			2007			2006
Income (loss) from continuing operations	$	(81,584	)	$	(15,310	)	$	(181,092	)	$	(95,846	)	$	(41,273	)	$	52,843		$	2,702
Equity in income of unconsolidated entities	1,552			1,188			(16,916		)	4,814			10,932			(20,357		)	(11,537		)
Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investees	(80,032		)	(14,122		)	(198,008		)	(91,032		)	(30,341		)	32,486			(8,835		)
Fixed charges:
Interest expense	68,442			70,782			139,853			100,260			92,746			89,654			106,941
Capitalized interest	511			283			638			767			1,350			4,808			4,917
The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebtedness	68,953			71,065			140,491			101,027			94,096			94,462			111,858
Amortization of capitalized interest	866			865			1,736			1,735			1,831			1,736			1,359
Distributed income of equity investees	810			1,110			2,190			2,789			2,973			947			3,632
Interest capitalized	(511		)	(283		)	(638		)	(767		)	(1,350		)	(4,808		)	(4,917		)
Earnings	$	(9,914	)	$	58,635		$	(54,229	)	$	13,752		$	67,209		$	124,823		$	103,097
Fixed charges	$	68,953		$	71,065		$	140,491		$	101,027		$	94,096		$	94,462		$	111,858
Ratio of Earnings to Fixed Charges	(0.14		)	0.83			(0.39		)	0.14			0.71			1.32			0.92
Deficiency	$	78,867		$	12,430		$	194,720		$	87,275		$	26,887		—			8,761