Exhibit 12
Hospitality Properties Trust
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio amounts)
For the Period
For the February 7, 1995
Year Ended (inception) to
December 31, December 31,
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1998 1997 1996 1995
(in thousands)
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Income Before Extraordinary Items $ 87,982 $ 59,153 $ 51,664 $ 11,349
Fixed Charges 21,751 15,534 5,646 5,063
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Adjusted Earnings $109,733 $ 74,687 $ 57,310 $ 16,412
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Fixed Charges:
Interest on indebtedness and
amortization of deferred finance
costs $ 21,751 $ 15,534 $ 5,646 $ 5,063
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Total Fixed Charges $ 21,751 $ 15,534 $ 5,646 $ 5,063
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Ratio of Earnings to Fixed Charges 5.04x 4.81x 10.15x 3.24x
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