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EXHIBIT 12
Servico, Inc.
Statements re computation of ratio of earnings to fixed charges
Year ended December 31, Six months ended June 30,
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Pro Forma Pro Forma
1997 1997 1996 1995 1994 1993 1998 1998 1997
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Fixed Charges:
Interest Expense $15,006 $25,909 $29,443 $17,903 $12,554 $11,330 $ 8,898 $16,132 $16,202
Dividend On Convertible 12,794 0 0 0 0 0 6,384 311 0
Interest Capitalized
During the Period 1,650 1,650 644 632 506 439 928 928 545
Portion Of Rent Expense
Representative of Interest 1,741 960 817 757 627 612 871 480 408
Total Fixed Charges 31,191 28,519 30,904 19,292 13,687 12,381 17,081 17,851 17,155
Proforma 10K 10K 10K 10K 10K
Earnings 1997 1997 1996 1995 1994 1993 1998 1998 1997
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Income Before Income Tax
and Extraordinary Item 42,707 20,949 11,773 6,514 4,636 2,961 21,312 17,200 7,420
Add Back Minority Interest 779 960 2,060 572 171 (446) 823 823 656
Income Before Income Tax,
Extraordinary Item & M.I. 43,486 21,909 13,833 7,086 4,807 2,515 22,135 18,023 8,076
Fixed Charges Per Above 31,191 28,519 30,904 19,292 13,687 12,381 17,081 17,851 17,155
Less Interest Capitalized (1,650) (1,650) (644) (632) (506) (439) (928) (928) (545)
Add Current Period
Amortization Of Interest 279 279 205 132 73 23 140 140 102
Total Earnings 73,306 49,057 44,298 25,878 18,061 14,480 38,428 35,086 24,788
Ratio Of Earnings To Fixed
Charges 2.35 1.72 1.43 1.34 1.32 1.17 2.25 1.97 1.44
Lease Expense