Exhibit 12.1

STARWOOD HOTELS & RESORTS WORLDWIDE, INC.

STARWOOD HOTELS & RESORTS


CALCULATION OF RATIO OF EARNINGS TO TOTAL FIXED CHARGES

(Dollars in millions)


|                                                  |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |      |  
|------------------------------------------------- | ------------------------------------------------------------------------ | ----------------------- | ----- | ---- | - | ---- | ----- | ----- | - | ---- | --- | ---- | - | - | ---- | --- | - | - | --- | ---- | -
|                                                  |                                                                          |                        
|                                                  |                                                                          | Year Ended December 31,
|                                                  |                                                                          |                        
|                                                  |                                                                          | 2000                    |       | 1999 |   | 1998 |       | 1997  |   | 1996
|                                                  |                                                                          |                         |       |      |   |      |       |       |   |     
|Earnings:                                         |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
|                                                 
|                                                 
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|Income from continuing operations                 |                                                                          | $                       | 401   |      |   | $    | (638  | )     |   | $    | 220 |      |   | $ | (233 | )   |   | $ | 156 |     
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|Add:                                              |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
|                                                 
|                                                 
|                                                 
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|                                                  | Adjustment for distributions in excess of equity earnings and
	losses(a) |                         |       | (14  | ) |      |       | (30   | ) |      |     | (8   | ) |   |      | (3  | ) |   |     | (1   | )
|                                                 
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|                                                  | Provision for income taxes                                               |                         |       | 201  |   |      |       | 1,076 |   |      |     | (89  | ) |   |      | 154 |   |   |     | 117  |  
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|                                                  | Minority equity in net income                                            |                         |       | 8    |   |      |       | 95    |   |      |     | 14   |   |   |      | 9   |   |   |     | 6    |  
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|                                                  | Amortization of interest capitalized                                     |                         |       | 1    |   |      |       | 1     |   |      |     | 4    |   |   |      | 2   |   |   |     | 4    |  
|                                                  |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
|                                                  |                                                                          |                         | 597   |      |   |      | 504   |       |   |      | 141 |      |   |   | (71  | )   |   |   | 282 |     
|                                                  |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
|Fixed Charges:                                    |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
|                                                 
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|                                                  | Interest and other financial charges                                     |                         |       | 457  |   |      |       | 516   |   |      |     | 473  |   |   |      | 33  |   |   |     | 82   |  
|                                                 
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|                                                  | Interest factor attributable to rentals(b)                               |                         |       | 21   |   |      |       | 14    |   |      |     | 12   |   |   |      | 10  |   |   |     | 16   |  
|                                                  |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
|                                                  |                                                                          |                         | 478   |      |   |      | 530   |       |   |      | 485 |      |   |   | 43   |     |   |   | 98  |     
|                                                  |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
|Earnings, as adjusted, from continuing operations |                                                                          | $                       | 1,075 |      |   | $    | 1,034 |       |   | $    | 626 |      |   | $ | (28  | )   |   | $ | 380 |     
|                                                  |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
|Fixed Charges:                                    |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
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|                                                  | Fixed charges above                                                      |                         | $     | 478  |   |      | $     | 530   |   |      | $   | 485  |   |   | $    | 43  |   |   | $   | 98   |  
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|                                                  | Interest capitalized                                                     |                         |       | 3    |   |      |       | 8     |   |      |     | 14   |   |   |      | 7   |   |   |     | 7    |  
|                                                  |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
|                                                  | Total fixed charges                                                      |                         | $     | 481  |   |      | $     | 538   |   |      | $   | 499  |   |   | $    | 50  |   |   | $   | 105  |  
|                                                  |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
|Ratio:                                            |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     
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|                                                  | Earnings, as adjusted, from continuing operations to fixed
	charges      |                         |       | 2.23 |   |      |       | 1.92  |   |      |     | 1.25 |   |   |      | (c  | ) |   |     | 3.62 |  
|                                                  |                                                                          |                         |       |      |   |      |       |       |   |      |     |      |   |   |      |     |   |   |     |     




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|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a) | The adjustment represents distributions in excess
	of undistributed earnings and losses of companies in which at
	least 20% but less than 50% equity is owned.                    
|   
|(b) | The interest factor attributable to rentals
	consists of one-third of rental charges, which is deemed by
	Starwood to be representative of the interest factor inherent in
	rents.
|   
|(c) | Earnings were not adequate to cover total fixed
	charges by $78 million.