Braemar Hotels & Resorts Inc. - FORM 10-K - EX-12 - EXHIBIT 12 - March 15, 2016

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EX-21.1 - EXHIBIT 21.1 - Braemar Hotels & Resorts Inc.ahp2015q110-qxex211.htm
EX-31.1 - EXHIBIT 31.1 - Braemar Hotels & Resorts Inc.ahp2015q410-kxex311.htm
EX-99.2 - EXHIBIT 99.2 - Braemar Hotels & Resorts Inc.ahp2015q410-kxex992.htm
EX-21.2 - EXHIBIT 21.2 - Braemar Hotels & Resorts Inc.ahp2015q110-qxex212.htm
EX-32.2 - EXHIBIT 32.2 - Braemar Hotels & Resorts Inc.ahp2015q410-kxex322.htm
EX-32.1 - EXHIBIT 32.1 - Braemar Hotels & Resorts Inc.ahp2015q410-kxex321.htm
EX-2.6 - EXHIBIT 2.6 - Braemar Hotels & Resorts Inc.ahp201510-kxritzxcarltonex26.htm
EX-2.5 - EXHIBIT 2.5 - Braemar Hotels & Resorts Inc.ahp201510-kxritzxcarltonex25.htm
EX-2.4 - EXHIBIT 2.4 - Braemar Hotels & Resorts Inc.ahp201510-kxritzxcartlonex24.htm
EX-23.2 - EXHIBIT 23.2 - Braemar Hotels & Resorts Inc.eyllpconsent-ex232.htm
EX-23.1 - EXHIBIT 23.1 - Braemar Hotels & Resorts Inc.bdousallpconsent-ex231.htm
EX-23.3 - EXHIBIT 23.3 - Braemar Hotels & Resorts Inc.bdousallpconsent-ex233.htm
10-K - 10-K - Braemar Hotels & Resorts Inc.ahp2015q410-k.htm
EX-31.2 - EXHIBIT 31.2 - Braemar Hotels & Resorts Inc.ahp2015q410-kxex312.htm
EXHIBIT 12


ASHFORD HOSPITALITY PRIME, INC. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(dollars in thousands)
 
 Year Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
 Earnings
 
 
 
 
 
 
 
 
 
 Income (loss) from continuing operations before provision for income taxes and noncontrolling interests
$
(4,428
)
 
$
4,635

 
$
(15,585
)
 
$
591

 
$
2,273

 Add:
 
 
 
 
 
 
 
 
 
 Interest on indebtedness
35,254

 
37,203

 
32,266

 
29,991

 
30,525

 Amortization of loan costs
2,575

 
1,828

 
745

 
1,253

 
1,278

 Interest component of operating leases
353

 
264

 
227

 
220

 
182

 
$
33,754

 
$
43,930

 
$
17,653

 
$
32,055

 
$
34,258

 
 
 
 
 
 
 
 
 
 
 Fixed charges
 
 
 
 
 
 
 
 
 
 Interest on indebtedness
$
35,254

 
$
37,203

 
$
32,266

 
$
29,991

 
$
30,525

 Amortization of loan costs
2,575

 
1,828

 
745

 
1,253

 
1,278

 Interest component of operating leases
353

 
264

 
227

 
220

 
182

 
$
38,182

 
$
39,295

 
$
33,238

 
$
31,464

 
$
31,985

 Preferred stock dividends
 
 
 
 
 
 
 
 
 
Series A Preferred Stock
$
1,867

 
$
—

 
$
—

 
$
—

 
$
—

Series B Preferred Stock
119

 
—

 
—

 
—

 
—

 
$
1,986

 
$
—

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
Combined fixed charges and preferred stock dividends
$
40,168

 
$
39,295

 
$
33,238

 
$
31,464

 
$
31,985

 
 
 
 
 
 
 
 
 
 
 Ratio of earnings to fixed charges

 
1.12

 

 
1.02

 
1.07

 
 
 
 
 
 
 
 
 
 
 Ratio of earnings to combined fixed charges and preferred stock dividends

 
1.12

 

 
1.02

 
1.07

 
 
 
 
 
 
 
 
 
 
 Deficit (Fixed charges)
$
4,428

 


 
$
15,585

 


 


 
 
 
 
 
 
 
 
 
 
 Deficit (Combined fixed charges and preferred stock dividends)
$
6,414

 


 
$
15,585

 

 




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