Raymond Martz | executive |
Jon Bortz | executive |
Duane Pfennigwerth | analyst |
Smedes Rose | analyst |
Thomas C. Fisher | executive |
Michael Bellisario | analyst |
William Crow | analyst |
Dori Kesten | analyst |
Jay Kornreich | analyst |
Dany Asad | analyst |
Gregory Miller | analyst |
Floris Gerbrand van Dijkum | analyst |
Chris Darling | analyst |
Greetings, and welcome to the Pebblebrook Hotel Trust Fourth Quarter Earnings Call. At this time, all participants are in a listen-only mode. A brief 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, Co-President and Chief Financial Officer.