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LaSalle Hotel Properties Q1 2010 Earnings Call Transcript

LaSalle Hotel Properties (LHO)

Q1 2010 Earnings Call

April 22, 2010 9:00 AM EST


Michael Barnello – Chairman and CEO

Hans Weger – CFO


Bill Crow – Raymond James & Associates

Dan Donlan – Janney Montgomery Scott

David Loeb – Robert W. Baird

Ryan Meliker – Morgan Stanley

Michael Salinsky – RBC Capital Markets

Patrick Scholes – FBR Capital Markets

Jeff Donnelly – Wells Fargo

Chris Woronka – Deutsche Bank

Josh Attie – Citi



Good day and welcome to the LaSalle Hotel Properties first quarter 2010 earnings call. This call is being recorded. At this time, I would like to turn the call over to Mr. Michael Barnello, Chairman and Chief Executive Officer, please go ahead, sir.

Michael Barnello

Thank you, operator. Good morning, everyone, and welcome to the first quarter earnings call and webcast for LaSalle Hotel Properties. Here with me today is Hans Weger, our Chief Financial Officer.

In addition to providing the financial results of our first quarter, Hans and I will discuss the company's activities in the quarter, the performance of our assets and the trends affecting that. We will also discuss our outlook for the remainder of 2010 for the industry and for our company. We will then open up the call to questions and answers. Hans?

Hans Weger

Thanks Mike, good morning. Before we begin, I would first like to make the following remarks. Any statements that we make today about future results and performance or plans and objectives are forward-looking statements as results may differ as a result of factors, risks and uncertainties over which the company may have no control.

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