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August 7, 2012 10:00 AM ET
Jon Stanner – VP, Capital Markets and Treasurer
Laurence Geller – President and CEO
Diane Morefield – Chief Financial Officer
Smedes Rose – Keefe, Bruyette & Woods
Ryan Meliker – MLV & Co.
Jeffrey Donnelly – Wells Fargo Securities
Bill Crow – Raymond James & Associates
Enrique Torres – Green Street Advisors
Tim Wengerd – Deutsche Bank
Good day, ladies and gentlemen. Welcome to the Second Quarter 2012 Strategic Hotels & Resorts Earnings Conference Call. My name is Chris, and I will be your conference moderator for today. Presently, all participants are in a listen-only mode. Later, we will facilitate a question-and-answer session. (Operator Instructions)
As a reminder, this conference is being recorded for replay purposes. And at this time, I would now like to turn the conference over to your presenter for today, Mr. Jon Stanner, VP, Capital Markets and Treasurer. Sir, you may proceed.
Thank you, and good morning, everyone. Welcome to the Strategic Hotels & Resorts second quarter 2012 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’re 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.