Host Hotels & Resorts Inc. (HST) Q2 2010 Earnings Conference Call July 21, 2010 10:00 AM ET Executives Gregory Larson – EVP, Corporate Strategy & Fund Management W. Edward Walter – CEO, President and Director Larry Harvey – CFO and EVP Analysts Felicia Hendrix – Barclays Capital Andrew Whitman – Baird Jeffrey Donnelly – Wells Fargo Securities, LLC Donnelly – Wells Fargo Securities, LLC William Crow – Raymond James & Associates Joseph Greff – JP Morgan Chase & Co Joshua Attie – Citigroup Inc Michael Billerman – Citigroup Inc Chris Woronka – Deutsche Bank AG PresentationOperator
To begin, good day, and welcome to the Host Hotels & Resorts, Incorporated Second Quarter Earnings Conference Call. (Operator Instructions) At this time, for opening remarks and introductions, I would like to turn the call over it to the Executive Vice President, Mr. Greg Larson. Please go ahead, sir. Gregory Larson Well, thank you. Welcome to the Host Hotels & Resorts Second Quarter 2010 Earnings Call. Before we begin, I'd like to remind everyone that many of the comments made today are considered to be forward-looking statements under Federal Securities laws. 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 reconciliations 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.