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 PresentationOperator
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.