Exhibit 12.1

Starwood Hotels & Resorts Worldwide, Inc.

Calculation of Ratio of Earnings to Total Fixed Charges

	Year Ended December 31,
(Dollars in millions, except ratio)	2013			2012			2011			2010			2009
Income (loss) from continuing operations before income taxes	$	828		$	618		$	425		$	335		$	(296	)
(Income) loss related to equity method investees		(26	)		(25	)		(11	)		(10	)		4
		802			593			414			325			(292	)
Add/(deduct):
Fixed charges		147			215			283			298			293
Interest capitalized		(7	)		(7	)		(42	)		(30	)		(34	)
Amortization of capitalized interest		23			66			19			8			11
Distributed income of equity method investees		30			28			22			59			39
Noncontrolling interest in pre-tax loss (income)		—			—			2			2			2
Earnings available for fixed charges	$	995		$	895		$	698		$	662		$	19
Fixed charges:
Interest and other financial charges	$	103		$	172		$	203		$	237		$	230
Interest factor attributable to rentals (a)		37			36			38			31			29
Interest capitalized		7			7			42			30			34
Total fixed charges	$	147		$	215		$	283		$	298		$	293
Ratio of earnings to fixed charges		6.77			4.16			2.47			2.22			0.06	(b)

Notes:

(a) 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.

(b) For the year ended December 31, 2009, earnings were inadequate to cover fixed charges by approximately $274 million.