EXHIBIT 12 FAIRFIELD INN BY MARRIOTT LIMITED PARTNERSHIP COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in thousands, except ratios) 2001 2000 1999 1998 1997 Net loss $(11,472) $(14,774) $(8,552) $(12,999) $(1,411) Add: Fixed charges 13,890 14,361 14,489 14,726 15,258 -------------- --------------- ------------- ----------- ----------- Adjusted earnings $ 2,418 $ (413) $ 5,937 $ 1,727 $ 13,847 ============== =============== ============= =========== =========== Fixed charges: Interest on indebtedness and amortization of deferred financing costs $ 12,845 $ 13,238 $ 13,528 $ 13,792 $ 14,335 Portion of rents representative of interest factor 1,045 1,123 961 934 923 -------------- --------------- ------------- ----------- ----------- Total fixed charges $ 13,890 $ 14,361 $ 14,489 $ 14,726 $ 15,258 ============== =============== ============= =========== =========== Ratio of earnings to fixed charges -- -- -- -- -- Deficiency of earnings to fixed charges $ 11,472 $ 14,774 $ 8,552 $ 12,999 $ 1,411 51