Exhibit 12.1
| FelCor Lodging Trust Incorporated | |||||||||||||||||||||
| Computation of Ratio of Earnings To Fixed Charges and Preferred Securities Dividends | |||||||||||||||||||||
| (in thousands, except for ratio) | |||||||||||||||||||||
| Year Ended December 31, | |||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||
| Income (loss) from continuing operations | $ | (133,766 | ) | $ | (173,422 | ) | $ | (96,308 | ) | $ | (43,556 | ) | $ | 50,286 | |||||||
| Equity in income of unconsolidated entities | 2,068 | (16,916 | ) | 4,814 | 10,931 | (20,357 | ) | ||||||||||||||
Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investees | (131,698 | ) | (190,338 | ) | (91,494 | ) | (32,625 | ) | 29,929 | ||||||||||||
| Fixed charges: | |||||||||||||||||||||
| Interest expense | 135,141 | 139,853 | 100,260 | 92,746 | 89,654 | ||||||||||||||||
| Capitalized interest | 2,206 | 638 | 767 | 1,350 | 4,808 | ||||||||||||||||
The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebtedness | 137,347 | 140,491 | 101,027 | 94,096 | 94,462 | ||||||||||||||||
| Amortization of capitalized interest | 1,652 | 1,736 | 1,735 | 1,831 | 1,736 | ||||||||||||||||
| Distributed income of equity investees | 2,261 | 2,190 | 2,789 | 2,973 | 947 | ||||||||||||||||
| Interest capitalized | (2,206 | ) | (638 | ) | (767 | ) | (1,350 | ) | (4,808 | ) | |||||||||||
| Earnings | $ | 7,356 | $ | (46,559 | ) | $ | 13,290 | $ | 64,925 | $ | 122,266 | ||||||||||
| Fixed charges | $ | 137,347 | $ | 140,491 | $ | 101,027 | $ | 94,096 | $ | 94,462 | |||||||||||
| Preferred securities dividends | 38,713 | 38,713 | 38,713 | 38,713 | 38,713 | ||||||||||||||||
| Fixed charges and preferred securities dividends | $ | 176,060 | $ | 179,204 | $ | 139,740 | $ | 132,809 | $ | 133,175 | |||||||||||
| Ratio of Earnings to Fixed Charges | 0.04 | (0.26 | ) | 0.10 | 0.49 | 0.92 | |||||||||||||||
| Deficiency | $ | 168,704 | $ | 225,763 | $ | 126,450 | $ | 67,884 | $ | 10,909 | |||||||||||