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Host Hotels & Resorts Management Discusses Q2 2012 Results - Earnings Call Transcript

Host Hotels & Resorts (HST)

Q2 2012 Earnings Call

July 17, 2012 10:00 am ET

Executives

Gregory J. Larson - Executive Vice President of Corporate Strategy and Fund Management

W. Edward Walter - Chief Executive Officer, President and Director

Larry K. Harvey - Chief Financial Officer and Executive Vice President

Analysts

Eli Hackel - Goldman Sachs Group Inc., Research Division

Joseph Greff - JP Morgan Chase & Co, Research Division

David Loeb - Robert W. Baird & Co. Incorporated, Research Division

Ryan Meliker - McNicoll, Lewis & Vlak LLC, Research Division

Joshua Attie - Citigroup Inc, Research Division

James W. Sullivan - Cowen and Company, LLC, Research Division

Harry C. Curtis - Nomura Securities Co. Ltd., Research Division

Carlo Santarelli - Deutsche Bank AG, Research Division

Jeffrey J. Donnelly - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Host Hotels and Resorts Incorporated Second Quarter 2012 Earnings Results Conference Call. Just a reminder, today's conference is being recorded. Now for opening remarks and introductions, I'll turn the conference over to your Executive Vice President, Mr. Greg Larson. Please go ahead, sir.

Gregory J. Larson

Well, thank you. Welcome to the Host Hotels and Resorts Second Quarter Earnings Call. Before we begin, I'd like to remind everyone that many of the comments made today are considered forward-looking statements under Federal Securities Laws. As described in our filings with the SEC, these statements are subject to numerous risks and uncertainties that could cause future results to differ from those expressed, and we are not obligated to publicly update or revise these forward-looking statements. Additionally, on today's call, we will discuss certain non-GAAP financial information such as FFO, adjusted EBITDA and comparable hotel results. You can find this information, together with reconciliation to the most directly comparable GAAP information in today's earnings press release, in our 8-K filed with the SEC, and on our website at hosthotels.com.

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