EXHIBIT 12



HOST MARRIOTT, L.P. AND SUBSIDIARIES



COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

AND PREFERRED LIMITED PARTNER UNIT DISTRIBUTIONS

(in millions, except ratio amounts)



|                                                                                         |  |      |     |   |      |   |     |      |  |   |      |   |  |      |     |   |  |   |     |  
|---------------------------------------------------------------------------------------- |  | ---- | --- | - | ---- | - | --- | ---- |  | - | ---- | - |  | ---- | --- | - |  | - | --- | -
|                                                                                         |  | 2005 |     |   | 2004 |   |     | 2003 |  |   | 2002 |   |  | 2001 |    
|Income (loss) from operations before income taxes                                        |  | $    | 170 |   |      | $ | (85 | )    |  | $ | (260 | ) |  | $    | (80 | ) |  | $ | 10  |  
|Add (deduct):                                                                            |  |      |     |   |      |   |     |      |  |   |      |   |  |      |     |   |  |   |     |  
|Fixed charges                                                                            |  |      | 526 |   |      |   | 575 |      |  |   | 607  |   |  |      | 578 |   |  |   | 570 |  
|Capitalized interest                                                                     |  |      | (5  | ) |      |   | (3  | )    |  |   | (2   | ) |  |      | (2  | ) |  |   | (8  | )
|Amortization of capitalized interest                                                     |  |      | 6   |   |      |   | 6   |      |  |   | 6    |   |  |      | 6   |   |  |   | 7   |  
|Minority interest in consolidated affiliates                                             |  |      | 7   |   |      |   | 4   |      |  |   | 4    |   |  |      | 8   |   |  |   | 15  |  
|Net (gains) losses related to certain 50% or less owned affiliates                       |  |      | 1   |   |      |   | 16  |      |  |   | 22   |   |  |      | 9   |   |  |   | (3  | )
|Distributions from equity investments                                                    |  |      | 2   |   |      |   | 6   |      |  |   | 3    |   |  |      | 6   |   |  |   | 9   |  
|Distributions on preferred limited partner units                                         |  |      | (27 | ) |      |   | (37 | )    |  |   | (37  | ) |  |      | (37 | ) |  |   | (32 | )
|Issuance costs of redeemed preferred units units                                         |  |      | (4  | ) |      |   | (4  | )    |  |   |     |   |  |      |    |   |  |   |    |  
|                                                                                         |  |      |     |   |      |   |     |      |  |   |      |   |  |      |     |   |  |   |     |  
|Adjusted earnings                                                                        |  | $    | 676 |   |      | $ | 478 |      |  | $ | 343  |   |  | $    | 488 |   |  | $ | 568 |  
|                                                                                         |  |      |     |   |      |   |     |      |  |   |      |   |  |      |     |   |  |   |     |  
|Fixed charges:                                                                           |  |      |     |   |      |   |     |      |  |   |      |   |  |      |     |   |  |   |     |  
|Interest on indebtedness and amortization of deferred financing costs                    |  | $    | 444 |   |      | $ | 484 |      |  | $ | 521  |   |  | $    | 492 |   |  | $ | 484 |  
|Capitalized interest                                                                     |  |      | 5   |   |      |   | 3   |      |  |   | 2    |   |  |      | 2   |   |  |   | 8   |  
|Distributions on preferred limited partner units                                         |  |      | 27  |   |      |   | 37  |      |  |   | 37   |   |  |      | 37  |   |  |   | 32  |  
|Issuance costs of redeemed preferred units units                                         |  |      | 4   |   |      |   | 4   |      |  |   |     |   |  |      |    |   |  |   |    |  
|Portion of rents representative of the interest factor                                   |  |      | 46  |   |      |   | 47  |      |  |   | 47   |   |  |      | 47  |   |  |   | 46  |  
|                                                                                         |  |      |     |   |      |   |     |      |  |   |      |   |  |      |     |   |  |   |     |  
|Total fixed charges and preferred limited partner unit distributions                     |  | $    | 526 |   |      | $ | 575 |      |  | $ | 607  |   |  | $    | 578 |   |  | $ | 570 |  
|                                                                                         |  |      |     |   |      |   |     |      |  |   |      |   |  |      |     |   |  |   |     |  
|Ratio of earnings to fixed charges and preferred limited partner unit distributions      |  |      | 1.3 |   |      |   |    |      |  |   |     |   |  |      |    |   |  |   |    |  
|Deficiency of earnings to fixed charges and preferred limited partner unit distributions |  |      |    |   |      | $ | (97 | )    |  | $ | (264 | ) |  | $    | (90 | ) |  | $ | (2  | )