EXHIBIT 12.1 JOHN Q. HAMMONS HOTELS, INC. HISTORICAL RATIO OF EARNINGS TO FIXED CHARGES (000'S OMITTED) 2003 2002 2001 2000 1999 -------- -------- -------- -------- -------- HISTORICAL EARNINGS: Loss before minority interest, provision for income taxes and cumulative effect of change in accounting principle $(12,770) $(10,863) $(12,373) $ (2,422) $ (1,167) Add: Interest, amortization of deferred financing fees and other fixed charges (excluding interest capitalized) 70,706 72,593 72,550 75,451 63,456 -------- -------- -------- -------- -------- Historical earnings $ 57,936 $ 61,730 $ 60,177 $ 73,029 $ 62,289 ======== ======== ======== ======== ======== FIXED CHARGES: Interest expense and amortization of deferred financing fees $ 69,225 $ 70,971 $ 70,975 $ 73,833 $ 62,209 Interest capitalized - - - 504 6,770 Interest element of rentals 1,481 1,622 1,575 1,618 1,247 -------- -------- -------- -------- -------- Fixed charges $ 70,706 $ 72,593 $ 72,550 $ 75,955 $ 70,226 ======== ======== ======== ======== ======== RATIO OF EARNINGS TO FIXED CHARGES (A) N/A N/A N/A N/A N/A Fixed charges in excess of earnings $ 12,770 $ 10,863 $ 12,373 $ 2,926 $ 7,937 ======== ======== ======== ======== ======== (A) In computing the ratio of earnings to fixed charges, earnings have been based on income from operations before income taxes and fixed charges (exclusive of interest capitalized) and fixed charges consist of interest and amortization of deferred financing fees (including amounts capitalized) and the estimated interest portion of rents (deemed to be one-third of rental expense).