EXHIBIT 12.0

ASHFORD HOSPITALITY TRUST, INC.

STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES

(dollars in thousands)

	Year Ended December 31,
	2014			2013			2012			2011			2010
Earnings
Income (loss) from continuing operations before provision for income taxes and redeemable noncontrolling interests	$	(40,465	)	$	(46,949	)	$	(56,385	)	$	9,039		$	(26,914	)
Amount recorded for (earnings) loss in unconsolidated entities	(2,495		)	23,404			20,833			(14,528		)	20,265
Add:
Distributions from equity investment in unconsolidated entities	995			—			—			—			492
Interest on indebtedness	107,598			133,697			140,066			134,585			143,264
Amortization of debt expense and premium	7,237			7,772			6,194			4,648			5,838
Interest component of operating leases	115			341			354			385			525
	$	72,985		$	118,265		$	111,062		$	134,129		$	143,470
Fixed charges
Interest on indebtedness	$	107,598		$	133,697		$	140,066		$	134,585		$	143,264
Amortization of debt expense and premium	7,237			7,772			6,194			4,648			5,838
Interest component of operating leases	115			341			354			385			525
Dividends to Class B unit holders	2,879			2,943			2,943			2,943			2,943
	$	117,829		$	144,753		$	149,557		$	142,561		$	152,570
Preferred stock dividends
Preferred Series A	$	3,542		$	3,542		$	3,516		$	3,180		$	3,180
Preferred Series B-1	—			—			—			1,374			4,143
Preferred Series D	20,002			20,002			19,869			18,940			13,871
Preferred Series E	10,418			10,418			10,417			6,019			—
	$	33,962		$	33,962		$	33,802		$	29,513		$	21,194
Combined fixed charges and preferred stock dividends	$	151,791		$	178,715		$	183,359		$	172,074		$	173,764
Deficit (Fixed charges)	$	44,844		$	26,488		$	38,495		$	8,432		$	9,100
Deficit (Combined fixed charges and preferred stock dividends)	$	78,806		$	60,450		$	72,297		$	37,945		$	30,294