<Page>
EXHIBIT 12.2
HOSPITALITY PROPERTIES TRUST
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED
DISTRIBUTIONS
(IN THOUSANDS, EXCEPT RATIO AMOUNTS)
<Table>
<Caption>
Year Ended December 31,
------------------------------------------------------------------------
2002 2001 2000 1999 1998
------------ ------------ ------------ ------------ ------------
Income Before Extraordinary Item $ 143,802 $ 131,956 $ 126,271 $ 111,929 $ 87,982
Fixed Charges 42,424 41,312 37,682 37,352 21,751
------------ ------------ ------------ ------------ ------------
Adjusted Earnings $ 186,226 $ 173,268 $ 163,953 $ 149,281 $ 109,733
Fixed Charges and Preferred Distributions:
Interest on indebtedness and amortization of
deferred finance costs $ 42,424 $ 41,312 $ 37,682 $ 37,352 $ 21,751
Preferred distributions 7,572 7,125 7,125 5,106
------------ ------------ ------------ ------------ ------------
Total Combined Fixed Charges And Preferred
Distributions $ 49,996 $ 48,437 $ 44,807 $ 42,458 $ 21,751
Ratio of Earnings to Combined Fixed Charges and
Preferred Distributions 3.72x 3.58x 3.66x 3.52x 5.04x
</Table>