Exhibit 12
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<CAPTION>
Hospitality Properties Trust
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio amounts)
21
For the Six Months Ended
June 30, For the Year Ended December 31,
-------------------------- --------------------------------------
2000 1999 1999 1998 1997
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Income Before Extraordinary
Item $ 59,839 $ 50,506 $111,929 $ 87,982 $ 59,153
Fixed Charges 17,809 19,694 37,352 21,751 15,534
-------- -------- -------- -------- --------
Adjusted Earnings $ 77,648 $ 70,200 $149,281 $109,733 $ 74,687
======== ======== ======== ======== ========
Fixed Charges:
Interest on indebtedness
and amortization of
deferred finance costs $ 17,809 $ 19,694 $ 37,352 $ 21,751 $ 15,534
-------- -------- -------- -------- --------
Total Fixed Charges $ 17,809 $ 19,694 $ 37,352 $ 21,751 $ 15,534
======== ======== ======== ======== ========
Ratio of Earnings to Fixed
Charges 4.36x 3.56x 4.00x 5.04x 4.81x
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