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EXHIBIT 12.1
LODGIAN INC.
STATEMENTS OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
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1999 1998 1997 1996 1995
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(IN THOUSANDS)
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Fixed Charges:
Interest Expense............................... $77,409 $30,378 $25,909 $29,443 $17,903
Dividend On Convertible........................ 13,224 6,475 0 0 0
Interest Capitalized During The Period......... 8,428 3,499 1,650 644 632
Portion Of Rent Expense
Representative Of Interest.................. 3,143 1,419 960 817 757
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Total Fixed Charges.................... 102,204 41,771 28,519 30,904 19,292
Earnings:
Income (Loss) Before Income Tax And
Extraordinary Item.......................... (73,037) (5,242) 20,949 11,773 6,514
Add Back Minority Interest..................... 1,300 1,436 960 2,060 572
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Income (Loss) Before Income Tax And
Extraordinary Item And Minority Interest.... (71,737) (3,806) 21,909 13,833 7,086
Fixed Charges Per Above........................ 102,204 41,771 28,519 30,904 19,292
Less Capitalized Interest...................... (8,428) (3,499) (1,650) (644) (632)
Add Current Period
Amortization of Interest....................... 683 470 279 205 132
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Total Earnings......................... $22,722 $34,936 $49,057 $44,298 $25,878
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Ratio Of Earnings To Fixed Charges..... 0.22 0.84 1.72 1.43 1.34
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