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EXHIBIT 12
PRIME HOSPITALITY CORP.
STATEMENT RE: COMPUTATION OF
THE RATIO OF EARNINGS TO FIXED CHARGES
(S-K SECTION 503 (D))
PRE-REORGANIZATION POST REORGANIZATION
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FOR THE
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ONE MONTH FIVE MONTHS YEAR YEAR YEAR YEAR
YEAR ENDED ENDED ENDED ENDED ENDED ENDED ENDED
June 30, July 31, December 31, December 31, December 31, December 31, December 31,
1992 1992 1992 1993 1994 1995 1996
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(Dollars in Thousands)
Computation of earnings:
Pre-tax income (loss) from
continuing operations ........... $(70,965) $(10,274) $ 2,321 $13,856 $30,430 $29,108 $51,523
Less:
Interest capitalized ............ $ -- -- -- -- 836 2,596 7,545
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Total earnings .................... $(70,965) $(10,274) $ 2,321 $13,856 $29,594 $26,512 $43,978
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Computation of fixed charges:
For interest .................... $ 8,245 $ 779 $ 7,718 $16,116 $13,993 $21,603 $20,312
For capitalized interest ........ -- -- -- -- 836 2,596 7,545
For interest on rentals ......... 2,540 189 703 1,924 1,826 1,792 2,634
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Total fixed charges ............... $ 10,785 $ 968 $ 8,421 $18,040 $16,655 $25,991 $30,491
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Total earnings and fixed
charges ......................... $(60,180) $ (9,306) $10,742 $31,896 $46,249 $52,503 $74,469
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Ratio ............................. -- -- 1.28 1.77 2.78 2.02 2.44
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