EXHIBIT 12.1 FAIRFIELD INN BY MARRIOTT LIMITED PARTNERSHIP COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands, except ratios) YTD YTD 15-Jun 16-Jun FYE FYE FYE FYE FYE 2001 2000 2000 1999 1998 1997 1996 -------- -------- -------- -------- -------- -------- -------- Income (Loss) from continuing operations $ (3,810) $ (4,096) $(14,774) $ (8,552) $(12,999) $ (1,411) $ 1,420 Add: Fixed charges 6,405 6,683 14,361 14,489 14,726 15,258 17,540 -------- -------- -------- -------- -------- -------- -------- Adjusted earnings $ 2,595 $ 2,587 $ (413) $ 5,937 $ 1,727 $ 13,847 $ 18,960 ======== ======== ======== ======== ======== ======== ======== Fixed charges Interest on indebtedness and amortization of deferred financing costs $ 5,889 $ 6,154 $ 13,238 $ 13,528 $ 13,792 $ 14,335 $ 16,645 Portion of rents representative of interest factor 516 529 1,123 961 934 923 895 -------- -------- -------- -------- -------- -------- -------- Total fixed charges $ 6,405 $ 6,683 $ 14,361 $ 14,489 $ 14,726 $ 15,258 $ 17,540 ======== ======== ======== ======== ======== ======== ======== Ratio of earnings to fixed charges -- -- -- -- -- -- 1.1 Deficiency of earnings to fixed charges $ 3,810 $ 4,096 $ 14,774 $ 8,552 $ 12,999 $ 1,411 $ --