EXHIBIT 12.1
Servico, Inc.
Statements of computation of ratio of earnings to fixed charges
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Three months ended
March 31
1998 1997 1996 1995 1994 1999 1998
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Fixed Charges:
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Interest Expense $ 30,378 $ 25,909 $ 29,443 $ 17,903 $ 12,554 $ 19,128 $ 7,846
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Dividend On Convertible 6,475 0 0 0 0 3,159 0
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Interest Capitalized During
the Period 3,499 1,650 644 632 506 1,874 642
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Portion Of Rent Expense
Representative of Interest 1,419 960 817 757 627 355 240
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Total Fixed Charges 41,771 28,519 30,904 19,292 13,687 24,516 8,728
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Earnings
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Income Before Income Tax
and Extraordinary Item (5,242) 20,949 11,773 6,514 4,636 (4,070) 4,995
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Add Back Minority Interest 1,436 960 2,060 572 171 744 94
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Income Before Income Tax,
Extraordinary Item & M.I (3,806) 21,909 13,833 7,086 4,807 (3,326) 5,089
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Fixed Charges Per Above 41,771 28,519 30,904 19,292 13,687 24,516 8,728
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Less Interest Capitalized (3,499) (1,650) (644) (632) (506) (1,874) (642)
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Add Current Period
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Amortization Of Interest 470 279 205 132 73 140 102
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Total Earnings 34,936 49,057 44,298 25,878 18,061 19,456 13,277
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Ratio Of Earnings To Fixed
Charges 0.84 1.72 1.43 1.34 1.32 0.79 1.52
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