Attached files

file filename
10-K - FORM 10-K - BRE Select Hotels Corpd280110d10k.htm
EX-99.1 - EX-99.1 - BRE Select Hotels Corpd280110dex991.htm
EX-32.1 - EX-32.1 - BRE Select Hotels Corpd280110dex321.htm
EX-31.2 - EX-31.2 - BRE Select Hotels Corpd280110dex312.htm
EX-31.1 - EX-31.1 - BRE Select Hotels Corpd280110dex311.htm
EX-21.1 - EX-21.1 - BRE Select Hotels Corpd280110dex211.htm

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges and Preferred Share Dividends

 

     Successor     Predecessor  
     2016      2015      2014      2013     Period from
January 1,
through
May 13, 2013
    2012  

Pretax income (loss) from continuing operations

   $ 18,392      $ 39,720      $ 30,505      $ 2,152     ($ 50,461   $ 49,975  

Fixed charges

     32,144        30,704        43,078        24,531       1,439       2,806  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Adjusted earnings

   $ 50,536      $ 70,424      $ 73,583      $ 26,683     ($ 49,022   $ 52,781  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Fixed Charges and Preferred Dividends:

                 

Interest expense (including amortization of deferred financing fees)

     32,144        30,704        43,078        24,531       1,439       2,806  

Preferred share dividends

     9,641        9,641        12,797        9,369       -       -  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Total fixed charges and preferred dividends

   $ 41,785      $ 40,345      $ 55,875      $ 33,900     $ 1,439     $ 2,806  
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges and preferred dividends

     1.2        1.7        1.3        0.8 (a)      (34.1 )(b)      18.8  

 

(a) For the 2013 Successor period, the deficiency was $6.5 million.
(b) For the 2013 Predecessor period, the deficiency was $50.5 million.