EXHIBIT 12

HOST HOTELS & RESORTS, L.P. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED
CHARGES

AND PREFERRED LIMITED PARTNER UNIT DISTRIBUTIONS

(in millions, except ratio amounts)



|                                                                         |  |      |     |   |      |   |       |      |  |   |      |   |  |      |     |   |  |   |      |  
|------------------------------------------------------------------------ |  | ---- | --- | - | ---- | - | ----- | ---- |  | - | ---- | - |  | ---- | --- | - |  | - | ---- | -
|                                                                         |  | 2008 |     |   | 2007 |   |       | 2006 |  |   | 2005 |   |  | 2004 |    
|Income (loss) from operations before income taxes                        |  | $    | 417 |   |      | $ | 575   |      |  | $ | 327  |   |  | $    | 144 |   |  | $ | (102 | )
|Add (deduct):                                                            |  |      |     |   |      |   |       |      |  |   |      |   |  |      |     |   |  |   |      |  
|Fixed charges                                                            |  |      | 413 |   |      |   | 493   |      |  |   | 526  |   |  |      | 526 |   |  |   | 575  |  
|Capitalized interest                                                     |  |      | (10 | ) |      |   | (10   | )    |  |   | (5   | ) |  |      | (5  | ) |  |   | (3   | )
|Amortization of capitalized interest                                     |  |      | 6   |   |      |   | 6     |      |  |   | 6    |   |  |      | 6   |   |  |   | 6    |  
|Minority interest in consolidated affiliates                             |  |      | 3   |   |      |   | 6     |      |  |   | 10   |   |  |      | 7   |   |  |   | 4    |  
|Net (earnings)/losses related to certain 50% or less owned affiliates    |  |      | 10  |   |      |   | (11   | )    |  |   | 6    |   |  |      | 1   |   |  |   | 16   |  
|Distributions from equity investments                                    |  |      | 3   |   |      |   | 4     |      |  |   | 3    |   |  |      | 2   |   |  |   | 6    |  
|Distributions on preferred units                                         |  |      | (9  | ) |      |   | (9    | )    |  |   | (14  | ) |  |      | (27 | ) |  |   | (37  | )
|Issuance costs of redeemed preferred units                               |  |      |    |   |      |   |      |      |  |   | (6   | ) |  |      | (4  | ) |  |   | (4   | )
|                                                                         |  |      |     |   |      |   |       |      |  |   |      |   |  |      |     |   |  |   |      |  
|Adjusted earnings                                                        |  | $    | 833 |   |      | $ | 1,054 |      |  | $ | 853  |   |  | $    | 650 |   |  | $ | 461  |  
|                                                                         |  |      |     |   |      |   |       |      |  |   |      |   |  |      |     |   |  |   |      |  
|Fixed charges:                                                           |  |      |     |   |      |   |       |      |  |   |      |   |  |      |     |   |  |   |      |  
|Interest on indebtedness and amortization of deferred financing costs    |  | $    | 341 |   |      | $ | 422   |      |  | $ | 450  |   |  | $    | 444 |   |  | $ | 484  |  
|Capitalized interest                                                     |  |      | 10  |   |      |   | 10    |      |  |   | 5    |   |  |      | 5   |   |  |   | 3    |  
|Distributions on preferred units                                         |  |      | 9   |   |      |   | 9     |      |  |   | 14   |   |  |      | 27  |   |  |   | 37   |  
|Issuance costs of redeemed preferred units                               |  |      |    |   |      |   |      |      |  |   | 6    |   |  |      | 4   |   |  |   | 4    |  
|Portion of rents representative of the interest factor                   |  |      | 53  |   |      |   | 52    |      |  |   | 51   |   |  |      | 46  |   |  |   | 47   |  
|                                                                         |  |      |     |   |      |   |       |      |  |   |      |   |  |      |     |   |  |   |      |  
|Total fixed charges and preferred unit distributions                     |  | $    | 413 |   |      | $ | 493   |      |  | $ | 526  |   |  | $    | 526 |   |  | $ | 575  |  
|                                                                         |  |      |     |   |      |   |       |      |  |   |      |   |  |      |     |   |  |   |      |  
|Ratio of earnings to fixed charges and preferred unit distributions      |  |      | 2.0 |   |      |   | 2.1   |      |  |   | 1.6  |   |  |      | 1.2 |   |  |   |     |  
|Deficiency of earnings to fixed charges and preferred unit distributions |  | $    |    |   |      | $ |      |      |  | $ |     |   |  | $    |    |   |  | $ | (114 | )