MERISTAR HOSPITALITY OPERATING PARTNERSHIP, L.P.
Statement Regarding Computation of Ratios
Year Ended December 31,
2001 2000 1999 1998 1997
Fixed Charges:
Interest expensed $122,376 $117,524 $100,387 $ 50,492 $ 10,676
Capitalized interest 6,098 8,613 12,540 5,182 442
Amortized premiums, discounts and capitalized
expenses related to debt 4,030 3,326 2,729 1,624 901
Preferred distributions 565 565 565 650 488
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Fixed Charges: $133,069 $130,028 $116,221 $ 57,948 $ 12,507
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Earnings:
Income from continuing operations before
minority interests(1) $(40,720) $114,633 $116,231 $ 84,119 $ 21,290
Fixed charges 133,069 130,028 116,221 57,948 12,507
Amortization of capitalized interest 833 681 466 152 23
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93,182 245,342 232,918 142,219 33,820
Less:
Capitalized interest (6,098) (8,613) (12,540) (5,182) (442)
Preferred distributions (565) (565) (565) (650) (488)
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(6,663) (9,178) (13,105) (5,832) (930)
Earnings $ 86,519 $236,164 $219,813 $136,387 $ 32,890
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Ratio of Earnings to Fixed Charges 0.7x 1.8x 1.9x 2.4x 2.6x
(1) This amount is before minority interests since the minority interests
relate to majority-owned subsidiaries that have fixed charges.
MeriStar LP has no equity investees; therefore, income and distributions from
equity investees were zero for all periods presented.