Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Braemar Hotels & Resorts Inc. | ahp2015q310-q.htm |
| EX-10.2 - EXHIBIT 10.2 - Braemar Hotels & Resorts Inc. | bamlcreditagreementfirstam.htm |
| EX-32.1 - EXHIBIT 32.1 - Braemar Hotels & Resorts Inc. | ahp2015q310-qxex321.htm |
| EX-31.1 - EXHIBIT 31.1 - Braemar Hotels & Resorts Inc. | ahp2015q310-qxex311.htm |
| EX-31.2 - EXHIBIT 31.2 - Braemar Hotels & Resorts Inc. | ahp2015q310-qxex312.htm |
| EX-32.2 - EXHIBIT 32.2 - Braemar Hotels & Resorts Inc. | ahp2015q310-qxex322.htm |
EXHIBIT 12
ASHFORD HOSPITALITY PRIME, INC. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES
(dollars in thousands)
Nine Months Ended | Year Ended December 31, | ||||||||||||||||||||||
September 30, 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
Earnings | |||||||||||||||||||||||
Income (loss) from continuing operations before provision for income taxes and noncontrolling interests | $ | 1,788 | $ | 4,635 | $ | (15,585 | ) | $ | 591 | $ | 2,273 | $ | (18,308 | ) | |||||||||
Amount recorded for equity in loss of unconsolidated entity | 4,219 | — | — | — | — | — | |||||||||||||||||
Add: | |||||||||||||||||||||||
Interest on indebtedness | 26,225 | 37,203 | 32,266 | 29,991 | 30,525 | 30,737 | |||||||||||||||||
Amortization of loan costs | 1,835 | 1,828 | 745 | 1,253 | 1,278 | 1,251 | |||||||||||||||||
Interest component of operating leases | 252 | 264 | 227 | 220 | 182 | 226 | |||||||||||||||||
$ | 34,319 | $ | 43,930 | $ | 17,653 | $ | 32,055 | $ | 34,258 | $ | 13,906 | ||||||||||||
Fixed charges | |||||||||||||||||||||||
Interest on indebtedness | $ | 26,225 | $ | 37,203 | $ | 32,266 | $ | 29,991 | $ | 30,525 | $ | 30,737 | |||||||||||
Amortization of loan costs | 1,835 | 1,828 | 745 | 1,253 | 1,278 | 1,251 | |||||||||||||||||
Interest component of operating leases | 252 | 264 | 227 | 220 | 182 | 226 | |||||||||||||||||
$ | 28,312 | $ | 39,295 | $ | 33,238 | $ | 31,464 | $ | 31,985 | $ | 32,214 | ||||||||||||
Preferred stock dividends | |||||||||||||||||||||||
Series A Preferred Stock | $ | 1,093 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Combined fixed charges and preferred stock dividends | $ | 29,405 | $ | 39,295 | $ | 33,238 | $ | 31,464 | $ | 31,985 | $ | 32,214 | |||||||||||
Ratio of earnings to fixed charges | 1.21 | 1.12 | 1.02 | 1.07 | |||||||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.17 | 1.12 | 1.02 | 1.07 | |||||||||||||||||||
Deficit (Fixed charges) | $ | 15,585 | $ | 18,308 | |||||||||||||||||||
Deficit (Combined fixed charges and preferred stock dividends) | $ | 15,585 | $ | 18,308 | |||||||||||||||||||