EXHIBIT 12

HOST HOTELS & RESORTS, L.P. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

AND PREFERRED UNIT DISTRIBUTIONS

(in millions, except ratio amounts)



|                                                                         |  |      |      |   |      |   |     |      |  |   |       |   |  |      |     |   |  |   |     |  
|------------------------------------------------------------------------ |  | ---- | ---- | - | ---- | - | --- | ---- |  | - | ----- | - |  | ---- | --- | - |  | - | --- | -
|                                                                         |  | 2009 |      |   | 2008 |   |     | 2007 |  |   | 2006  |   |  | 2005 |    
|Income (loss) from operations before income taxes                        |  | $    | (287 | ) |      | $ | 377 |      |  | $ | 535   |   |  | $    | 308 |   |  | $ | 134 |  
|Add (deduct):                                                            |  |      |      |   |      |   |     |      |  |   |       |   |  |      |     |   |  |   |     |  
|Fixed charges                                                            |  |      | 441  |   |      |   | 447 |      |  |   | 515   |   |  |      | 536 |   |  |   | 535 |  
|Capitalized interest                                                     |  |      | (5   | ) |      |   | (10 | )    |  |   | (10   | ) |  |      | (5  | ) |  |   | (5  | )
|Amortization of capitalized interest                                     |  |      | 6    |   |      |   | 6   |      |  |   | 6     |   |  |      | 6   |   |  |   | 6   |  
|Net (earnings)/losses related to certain 50% or less owned affiliates    |  |      | 32   |   |      |   | 10  |      |  |   | (11   | ) |  |      | 6   |   |  |   | 1   |  
|Distributions from equity investments                                    |  |      | 1    |   |      |   | 3   |      |  |   | 4     |   |  |      | 3   |   |  |   | 2   |  
|Dividends on preferred units                                             |  |      | (9   | ) |      |   | (9  | )    |  |   | (9    | ) |  |      | (14 | ) |  |   | (27 | )
|Issuance costs of redeemed preferred units                               |  |      |     |   |      |   |    |      |  |   |      |   |  |      | (6  | ) |  |   | (4  | )
|                                                                         |  |      |      |   |      |   |     |      |  |   |       |   |  |      |     |   |  |   |     |  
|Adjusted earnings                                                        |  | $    | 179  |   |      | $ | 824 |      |  | $ | 1,030 |   |  | $    | 834 |   |  | $ | 642 |  
|                                                                         |  |      |      |   |      |   |     |      |  |   |       |   |  |      |     |   |  |   |     |  
|                                                                         |  |      |      |   |     
|Fixed charges:                                                           |  |      |      |   |      |   |     |      |  |   |       |   |  |      |     |   |  |   |     |  
|Interest on indebtedness and amortization of deferred financing costs    |  | $    | 379  |   |      | $ | 375 |      |  | $ | 444   |   |  | $    | 460 |   |  | $ | 453 |  
|Capitalized interest                                                     |  |      | 5    |   |      |   | 10  |      |  |   | 10    |   |  |      | 5   |   |  |   | 5   |  
|Dividends on preferred units                                             |  |      | 9    |   |      |   | 9   |      |  |   | 9     |   |  |      | 14  |   |  |   | 27  |  
|Issuance costs of redeemed preferred units                               |  |      |     |   |      |   |    |      |  |   |      |   |  |      | 6   |   |  |   | 4   |  
|Portion of rents representative of the interest factor                   |  |      | 48   |   |      |   | 53  |      |  |   | 52    |   |  |      | 51  |   |  |   | 46  |  
|                                                                         |  |      |      |   |      |   |     |      |  |   |       |   |  |      |     |   |  |   |     |  
|Total fixed charges and preferred unit distributions                     |  | $    | 441  |   |      | $ | 447 |      |  | $ | 515   |   |  | $    | 536 |   |  | $ | 535 |  
|                                                                         |  |      |      |   |      |   |     |      |  |   |       |   |  |      |     |   |  |   |     |  
|Ratio of earnings to fixed charges and preferred unit distributions      |  |      |      |   |      |   | 1.8 |      |  |   | 2.0   |   |  |      | 1.6 |   |  |   | 1.2 |  
|Deficiency of earnings to fixed charges and preferred unit distributions |  | $    | (262 | ) |      | $ |    |      |  | $ |      |   |  | $    |    |   |  | $ |    |