Vasant Prabhu - Vice Chairman, Chief Financial Officer, Executive Vice President, Chief Financial Officer of Starwood Hotels & Resorts and Vice President of Starwood Hotels & Resorts Jason Koval - Vice President of Investor Relation Analysts Shaun Kelley - BofA Merrill Lynch Smedes Rose - Keefe, Bruyette, & Woods, Inc. Jeffrey Donnelly - Wells Fargo Securities, LLC Janet Brashear - Bernstein Research Felicia Hendrix - Barclays Capital Chris Woronka - Deutsche Bank AG Joseph Greff - JP Morgan Chase & Co Ryan Meliker - Morgan Stanley Joshua Attie - Citigroup Inc Steven Kent - Goldman Sachs Group Inc. William Marks - JMP Securities LLC William Crow - Raymond James & Associates PresentationOperator Good morning. My name is Jasper, and I will be your conference operator today. At this time, I would like to welcome everyone to the Second Quarter 2010 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Mr. Jay Koval. You may begin, sir. Jason Koval Thank you, Jasper, and good morning, everyone. Thanks for joining us this morning for Starwood's second quarter 2010 earnings call. Joining me today I have Frits van Paasschen, our CEO; and Vasant Prabhu, our CFO. We will be making statements on this call related to company plans, prospects and expectations that constitute forward-looking statements under the Safe Harbor provision of the Securities Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as: Starwood or its management believes, expects, anticipates, foresees, forecasts, estimates or other words or phrases of similar import. All such statements are based on our expectations as of today, and should not be relied upon as representing our expectations as of any subsequent date. Actual results might differ from our discussion today. I point you to our 10-K and other SEC filings available from the SEC, or through our offices here and on our website at starwoodhotels.com for some of the factors that could cause results to differ.