Raymond Martz | Chief Financial Officer |
Jon Bortz | Chairman and Chief Executive Officer |
Jeff Donnelly | Wells Fargo |
Rich Hightower | Evercore ISI |
Anthony Powell | Barclays |
Michael Bellisario | Robert W. Baird |
Stephen Grambling | Goldman Sachs |
Lukas Hartwich | Green Street Advisors |
Greetings, and welcome to the Pebblebrook Hotel Trust Second Quarter Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Raymond Martz, Chief Financial Officer.