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EXHIBIT 12.1
CANDLEWOOD HOTEL COMPANY, INC. AND SUBSIDIARIES
STATEMENTS REGARDING COMPUTATION OF RATIO OF EARNINGS
TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(IN THOUSANDS, EXCEPT RATIOS)
Period from
October 1,
1995
Year Ended Year Ended Year Ended Year Ended (Inception) to
December 31, December 31, December 31, December 31, December 31,
1999 1998 1997 1996 1995
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EARNINGS
Income (loss) before preferred stock
dividends $ (2,791) $ (6,287) $ (817) $(1,353) $(209)
Interest incurred 15,290 7,964 3,271 175 --
Amortization of deferred financing costs 1,701 473 112 -- --
Rent expense on leased hotels 24,821 12,365 79 -- --
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Total earnings $ 39,021 $ 14,515 $ 2,645 $(1,178) $(209)
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FIXED CHARGES
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Interest incurred $ 15,290 $ 7,964 $ 3,271 $ 175 $ --
Amortization of deferred financing costs 1,701 473 112 -- --
Rent expense on leased hotels 24,821 12,365 79 -- --
Preferred stock dividends 8,025 6,338 1,248 -- --
-------- -------- ------- ------- -----
Total fixed charges $ 49,837 $ 27,140 $ 4,710 $ 175 $ --
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Ratio of earnings to combined fixed
charges and preferred stock dividends -- -- -- -- --
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Excess (deficit) of earnings to combined
fixed charges and preferred stock
dividends $(10,816) $(12,625) $(2,065) $(1,353) $(209)
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