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February 23, 2012 10:00 AM ET
Jon Stanner - VP, Capital Markets and Treasurer
Laurence Geller - President and CEO
Diane Morefield - CFO
Bill Crow - Raymond James
Will Marks - JMP Securities
Enrique Torres - Green Street Advisors
Rich Hightower - ISI Group
Smedes Rose - Keefe, Bruyette & Woods
Matthew Dodson - Edmunds White Partners
Good day, ladies and gentlemen and welcome to the Fourth Quarter 2011 Strategic Hotels & Resorts Earnings Conference Call. My name is Jasmine and I’ll be your coordinator for today. At this time, all participants are in a listen-only mode. We will be facilitating a question-and-answer session towards the end of today’s conference. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.
I would now like to turn the presentation over to your host for today conference, Mr. Jon Stanner, Vice President, Capital Markets and Treasurer. Please proceed.
Thank you and good morning everyone. Welcome to Strategic Hotels & Resorts fourth quarter and full-year 2011 earnings conference call. Our press release and supplemental financials were distributed yesterday and are available on the company’s website in the Investor Relations section. We are hosting a live webcast of today’s call, which can be accessed by the same section of the site with a replay of today’s call also available for the next month.