EXHIBIT 12
LA QUINTA INNS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS, EXCEPT RATIOS)
YEARS ENDED DECEMBER 31,
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1995 1994 1993 1992 1991
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Earnings (loss) before income
taxes and extraordinary items
and cumulative effect of
accounting change ................... $ 82,994 $ 61,991 $31,836 $(7,270) $ 2,185
Partners' equity in earnings and
losses .............................. 10,227 11,406 12,965 15,081 9,421
Partners' equity in earnings of
combined unincorporated
ventures that do not have fixed
charges ............................. (1,854) (1,577) (1,652) (1,504) (845)
Fixed charges ......................... 41,484 39,925 32,477 34,220 40,012
Amortization of capitalized
interest ............................ 803 772 799 799 1,064
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Earnings as adjusted .............. $133,654 $112,517 $76,425 $41,326 $51,837
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Fixed charges:
Interest on long-term debt........... $ 40,421 $ 38,860 $31,366 $33,087 $38,713
Portion of rental expense
allocated to interest ............. 1,063 1,065 1,111 1,133 1,299
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Total fixed charges ............. $ 41,484 $ 39,925 $32,477 $34,220 $40,012
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Ratio of earnings to fixed
charges ............................. 3.2x 2.8x 2.4x 1.2x 1.3x
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