Host Hotels & Resorts (HST)

Q3 2011 Earnings Call

October 12, 2011 10:00 am ET

Executives

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

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

Gregory J. Larson - Executive Vice President of Investor Relations

Analysts

Smedes Rose - Keefe, Bruyette, & Woods, Inc., Research Division

Joshua Attie - Citigroup Inc, Research Division

Ian Weissman - ISI Group Inc., Research Division

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

Felicia R. Hendrix - Barclays Capital, Research Division

Michael Bilerman - Citigroup Inc, Research Division

Joseph Greff - JP Morgan Chase & Co, Research Division

Eli Hackel - Goldman Sachs Group Inc., Research Division

Presentation

Operator

Good day, and welcome to the Host Hotels & Resorts, Inc. Third Quarter 2011 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Greg Larson, Executive Vice President. Please go ahead, sir.

Gregory J. Larson

Thank you. Welcome to the Host Hotels & Resorts Third Quarter 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 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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