Exhibit 12.1
ASHFORD HOSPITALITY PRIME, INC.
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
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| Nine Months |
| Year Ended December 31, |
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| September 30, |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
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Earnings |
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Income (loss) from continuing operations before provision for income taxes and redeemable noncontrolling interests |
| $ | 5,085 |
| $ | (15,585 | ) | $ | 591 |
| $ | 2,273 |
| $ | (18,308 | ) | $ | (20,576 | ) |
Add: |
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Interest on indebtedness |
| 27,831 |
| 32,266 |
| 29,991 |
| 30,525 |
| 30,737 |
| 30,715 |
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Amortization of debt expense and premium |
| 1,328 |
| 745 |
| 1,253 |
| 1,278 |
| 1,251 |
| 1,415 |
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Interest component of operating leases |
| 201 |
| 227 |
| 220 |
| 182 |
| 226 |
| 260 |
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| $ | 34,445 |
| $ | 17,653 |
| $ | 32,055 |
| $ | 34,258 |
| $ | 13,906 |
| $ | 11,814 |
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Fixed charges |
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Interest on indebtedness |
| $ | 27,831 |
| $ | 32,266 |
| $ | 29,991 |
| $ | 30,525 |
| $ | 30,737 |
| $ | 30,715 |
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Amortization of debt expense and premium |
| 1,328 |
| 745 |
| 1,253 |
| 1,278 |
| 1,251 |
| 1,415 |
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Interest component of operating leases |
| 201 |
| 227 |
| 220 |
| 182 |
| 226 |
| 260 |
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| $ | 29,360 |
| $ | 33,238 |
| $ | 31,464 |
| $ | 31,985 |
| $ | 32,214 |
| $ | 32,390 |
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Ratio of earnings to fixed charges |
| 1.17 |
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| 1.02 |
| 1.07 |
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Deficit (Fixed charges) |
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| $ | 15,585 |
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| $ | 18,308 |
| $ | 20,576 |
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