Ray Martz | Chief Financial Officer |
Jon Bortz | Chairman & Chief Executive Officer |
Anthony Powell | Barclays |
Stephen Grambling | Goldman Sachs |
Rich Hightower | Evercore ISI |
Shaun Kelley | Bank of America |
Michael Bellisario | Robert W. Baird |
Bill Crow | Raymond James |
Jim Sullivan | BTIG. |
Wes Golladay | RBC Capital Markets |
Greetings and welcome to the Pebblebrook Hotel Trust Fourth Quarter and Year-End 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, Ray Martz, Chief Financial Officer.