EXHIBIT 12.1
HOSPITALITY PROPERTIES TRUST
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS, EXCEPT RATIO AMOUNTS)
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| Six Months Ended |
| Year Ended December 31, |
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| 2004 |
| 2003 |
| 2003 |
| 2002 |
| 2001 |
| 2000 |
| 1999 |
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Net Income |
| $ | 60,528 |
| $ | 63,184 |
| $ | 238,213 |
| $ | 142,202 |
| $ | 131,956 |
| $ | 126,271 |
| $ | 111,929 |
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Fixed Charges |
| 25,245 |
| 20,402 |
| 44,536 |
| 42,424 |
| 41,312 |
| 37,682 |
| 37,352 |
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Adjusted Earnings |
| $ | 85,773 |
| $ | 83,586 |
| $ | 282,749 |
| $ | 184,626 |
| $ | 173,268 |
| $ | 163,953 |
| $ | 149,281 |
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Fixed Charges: |
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Interest on indebtedness and amortization of deferred finance costs |
| $ | 25,245 |
| $ | 20,402 |
| $ | 44,536 |
| $ | 42,424 |
| $ | 41,312 |
| $ | 37,682 |
| $ | 37,352 |
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Total Fixed Charges |
| $ | 25,245 |
| $ | 20,402 |
| $ | 44,536 |
| $ | 42,424 |
| $ | 41,312 |
| $ | 37,682 |
| $ | 37,352 |
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Ratio of Earnings to Fixed Charges |
| 3.40 | x | 4.10 | x | 6.35 | x | 4.35 | x | 4.19 | x | 4.35 | x | 4.00 | x | ||||||||
1
