Sunstone Hotel Investors, Inc.

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Sunstone Hotel Investors Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions will be given at that time. I would now like to remind everyone that this conference is to be recorded today, August 4, 2023, at 12 p.m. Eastern Time. I will now turn the presentation over to Mr. Aaron Reyes, Chief Financial Officer. Please go ahead, sir.

Thank you, operator, and good morning, everyone.

Before we begin, I would like to remind everyone that this call contains forward-looking statements that are subject to risks and uncertainties, including those described in our filings with the SEC. which could cause actual results to differ materially from those projected. We caution you to consider these factors in evaluating our forward-looking statements. We also note that this call may contain non-GAAP financial information, including adjusted EBIT.RE, adjusted FFO, and property level adjusted EBIT.RE. We are providing this information as a supplement to information prepared in accordance with generally accepted accounting principles. Additional details on our second quarter results have been provided in our earnings release and supplemental, which are available on our website. With us on the call today are Brian Giulia, Chief Executive Officer, Robert Springer, President and Chief Investment Officer, and Krzysztof Szczepowicz, Chief Operating Officer. Brian will start us off with some commentary on our second quarter operations and recent trends. Robert will discuss our capital investment activity, and finally, I will provide a summary of our current liquidity position, recap our second quarter earnings results, and provide some additional details on our outlook for the remainder of the year. After our remarks, the team will be available to answer your questions.