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Exhibit 12

BOYKIN LODGING COMPANY
COMPUTATION OF RATIOS
OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(amounts in thousands, except for ratio amounts)

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|---------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------- | ------ | ----------------------- | - | ---- | ------ | ------- | - | ---- | ------ | ------ | - | - | ------ | ------ | - | - | ------ | ------ | - | 
|                                                                 |                                                                                                                                                |                                 |        | Year Ended December 31,
|                                                                 |                                                                                                                                                |                                 |        |                        
|                                                                 |                                                                                                                                                |                                 |        | 2002                    |   | 2001 |        | 2000    |   | 1999 |        | 1998  
|                                                                 |                                                                                                                                                |                                 |        |                         |   |      |        |         |   |      |        |       
|Earnings:                                                        |                                                                                                                                                |                                 |        |                         |   |      |        |         |   |      |        |        |   |   |        |        |   |   |        |       
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|                                                                 | Income from continuing operations before adjustment
for minority interest in consolidated subsidiaries of
income (loss) from equity investees: |                                 | $      | 1,180                   |   |      | $      | (33,025 | ) |      | $      | 9,267  |   |   | $      | 19,724 |   |   | $      | 22,201 |  
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|                                                                 | Plus: Fixed charges                                                                                                                            |                                 |        | 22,837                  |   |      |        | 23,513  |   |      |        | 25,970 |   |   |        | 21,793 |   |   |        | 14,804 |  
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|                                                                 | Plus: Distributed income of equity investees                                                                                                   |                                 |        | 148                     |   |      |        | 1,380   |   |      |        | 405    |   |   |        |       |   |   |        |       |  
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|                                                                 | Less: Minority interest income (expense) in
subsidiaries that                                                                                  |                                 |        | (133                    | ) |      |        | 193     |   |      |        | (534   | ) |   |        | (399   | ) |   |        | (461   | )
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|                                                                 |                                                                                                                                                | have not incurred fixed charges |        |                         |   |      |        |         |   |      |        |        |   |   |        |        |   |   |        |        |   | 
|                                                                 |                                                                                                                                                |                                 |        |                         |   |      |        |         |   |      |        |        |   |   |        |        |   |   |        |       
|Earnings:                                                        |                                                                                                                                                | $                               | 24,032 |                         |   | $    | (7,939 | )       |   | $    | 35,348 |        |   | $ | 41,118 |        |   | $ | 36,544 |       
|                                                                 |                                                                                                                                                |                                 |        |                         |   |      |        |         |   |      |        |        |   |   |        |        |   |   |        |       
|Fixed charges:                                                   |                                                                                                                                                |                                 |        |                         |   |      |        |         |   |      |        |        |   |   |        |        |   |   |        |       
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|                                                                 | Interest expense                                                                                                                               |                                 | $      | 20,011                  |   |      | $      | 21,916  |   |      | $      | 24,291 |   |   | $      | 20,610 |   |   | $      | 13,905 |  
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|                                                                 | Amortization of deferred financing costs                                                                                                       |                                 |        | 2,182                   |   |      |        | 1,205   |   |      |        | 1,242  |   |   |        | 798    |   |   |        | 593    |  
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|                                                                 | Estimated interest element of rental expense                                                                                                   |                                 |        | 644                     |   |      |        | 392     |   |      |        | 437    |   |   |        | 385    |   |   |        | 306    |  
|                                                                 |                                                                                                                                                |                                 |        |                         |   |      |        |         |   |      |        |        |   |   |        |        |   |   |        |       
|Fixed charges:                                                   |                                                                                                                                                | $                               | 22,837 |                         |   | $    | 23,513 |         |   | $    | 25,970 |        |   | $ | 21,793 |        |   | $ | 14,804 |       
|                                                                 |                                                                                                                                                |                                 |        |                         |   |      |        |         |   |      |        |        |   |   |        |        |   |   |        |       
|                                                                 | Dividends on preferred stock                                                                                                                   |                                 |        | 1,109                   |   |      |        |        |   |      |        |       |   |   |        |       |   |   |        |       |  
|                                                                 |                                                                                                                                                |                                 |        |                         |   |      |        |         |   |      |        |        |   |   |        |        |   |   |        |       
|Fixed charges and preferred stock dividends:                     |                                                                                                                                                | $                               | 23,946 |                         |   | $    | 23,513 |         |   | $    | 25,970 |        |   | $ | 21,793 |        |   | $ | 14,804 |       
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|Ratio of earnings to fixed charges and preferred stock
dividends |                                                                                                                                                |                                 | 1.0    |                         |   |      | (0.3   | )       |   |      | 1.4    |        |   |   | 1.9    |        |   |   | 2.5    |