Braemar Hotels & Resorts Inc. - FORM 10-K - EX-12.0 - EXHIBIT 12.0 - March 16, 2015

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EX-23.1 - EXHIBIT 23.1 - Braemar Hotels & Resorts Inc.ahp201410-kxex231.htm
EX-31.1 - EXHIBIT 31.1 - Braemar Hotels & Resorts Inc.ahp2014q410-kxex311.htm
EX-21.2 - EXHIBIT 21.2 - Braemar Hotels & Resorts Inc.ahp201410-kxex212.htm
EX-21.1 - EXHIBIT 21.1 - Braemar Hotels & Resorts Inc.ahp201410-kxex211.htm
EX-10.31 - EXHIBIT 10.31 - Braemar Hotels & Resorts Inc.aareal-ashfordhiltonxrecou.htm
EX-10.30 - EXHIBIT 10.30 - Braemar Hotels & Resorts Inc.aarealloanagreement2014-10.htm
EX-10.33 - EXHIBIT 10.33 - Braemar Hotels & Resorts Inc.creditagricolepierhouseloa.htm
EX-10.32 - EXHIBIT 10.32 - Braemar Hotels & Resorts Inc.aareal-ashfordhiltonxenvir.htm
EX-10.35 - EXHIBIT 10.35 - Braemar Hotels & Resorts Inc.ca-pierhousexenvironmental.htm
EX-10.34 - EXHIBIT 10.34 - Braemar Hotels & Resorts Inc.ca-pierhousexrecourseliabi.htm
EXCEL - IDEA: XBRL DOCUMENT - Braemar Hotels & Resorts Inc.Financial_Report.xls
EX-32.1 - EXHIBIT 32.1 - Braemar Hotels & Resorts Inc.ahp2014q410-kxex321.htm
EX-31.2 - EXHIBIT 31.2 - Braemar Hotels & Resorts Inc.ahp2014q410-kxex312.htm
10-K - 10-K - Braemar Hotels & Resorts Inc.ahp2014q410-k.htm
EX-32.2 - EXHIBIT 32.2 - Braemar Hotels & Resorts Inc.ahp2014q410-kxex322.htm


EXHIBIT 12.0

ASHFORD HOSPITALITY PRIME, INC. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES
(dollars in thousands)
 
 Year Ended December 31,
 
2014
 
2013
 
2012
 
2011
 
2010
 Earnings
 
 
 
 
 
 
 
 
 
 Income (loss) from continuing operations before provision for income taxes and noncontrolling interests
$
4,635

 
$
(15,585
)
 
$
591

 
$
2,273

 
$
(18,308
)
 Add:
 
 
 
 
 
 
 
 
 
 Interest on indebtedness
37,203

 
32,266

 
29,991

 
30,525

 
30,737

 Amortization of debt expense and premium
1,828

 
745

 
1,253

 
1,278

 
1,251

 Interest component of operating leases
264

 
227

 
220

 
182

 
226

 
$
43,930

 
$
17,653

 
$
32,055

 
$
34,258

 
$
13,906

 
 
 
 
 
 
 
 
 
 
 Fixed charges
 
 
 
 
 
 
 
 
 
 Interest on indebtedness
$
37,203

 
$
32,266

 
$
29,991

 
$
30,525

 
$
30,737

 Amortization of debt expense and premium
1,828

 
745

 
1,253

 
1,278

 
1,251

 Interest component of operating leases
264

 
227

 
220

 
182

 
226

 
$
39,295

 
$
33,238

 
$
31,464

 
$
31,985

 
$
32,214

 
 
 
 
 
 
 
 
 
 
 Ratio of earnings to fixed charges
1.12

 

 
1.02

 
1.07

 

 
 
 
 
 
 
 
 
 
 
 Deficit (Fixed charges)


 
$
15,585

 


 


 
$
18,308




Braemar Hotels & Resorts Inc. Reports