Aaron Reyes | VP, Corporate Finance |
John Arabia | President, CEO & Executive Director |
Bryan Giglia | EVP & CFO |
Marc Hoffman | EVP & COO |
Lukas Hartwich | Green Street Advisors |
Anthony Powell | Barclays PLC |
William Crow | Raymond James & Associates |
Jeffrey Donnelly | Wells Fargo Securities |
Shaun Kelley | Bank of America Merrill Lynch |
Richard Hightower | Evercore ISI |
Thomas Allen | Morgan Stanley |
Stephen Grambling | Goldman Sachs Group Inc. |
Charles Scholes | SunTrust Robinson Humphrey |
Bryan Maher | B. Riley FBR, Inc. |
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sunstone Hotel Investors Fourth Quarter 2017 Earnings Conference Call. [Operator Instructions]. I would like to remind everyone that this conference is being recorded today, Tuesday, February 13, 2018, at 9 a.m. Pacific Time.