LaSalle Hotel Properties' (LHO) CEO Michael Barnello on Q2 2017 Results - Earnings Call Transcript

Jul. 20, 2017 5:37 PM ETLaSalle Hotel Properties (LHO)
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LaSalle Hotel Properties (NYSE:LHO) Q2 2017 Earnings Conference Call July 20, 2017 11:00 AM ET

Executives

Max Leinweber - VP, Finance and Asset Management

Michael Barnello - CEO, President and Trustee

Kenneth Fuller - CFO, EVP, Secretary and Treasurer

Analysts

Shaun Kelley - Bank of America Merrill Lynch

Abhishek Kastiya - Citi

Patrick Scholes - SunTrust

Floris van Dijkum - Boenning and Scattergood, Inc.

Michael Bellisario - Robert W. Baird & Co.

Chris Woronka - Deutsche Bank AG

Stephen Grambling - Goldman Sachs Group Inc.

Lukas Hartwich - Green Street Advisors

Ryan Meliker - Canaccord Genuity

Felicia Hendrix - Barclays PLC

Wesley Golladay - RBC Capital Markets

Operator

Welcome to the LHO's Second Quarter 2017 Earnings Call. I would now like to turn the conference over to Mr. Max Leinweber, Vice President of Finance and Asset Management. Please go ahead.

Max Leinweber

Thank you, Ryan. Good morning, everyone and welcome to the second quarter 2017 earnings call and webcast for LaSalle Hotel Properties. At I'm here today with Mike Barnello, our President and CEO; and Ken Fuller, our CFO. Mike will provide an overview of the industry, then he will discuss our second quarter results and activities. Ken will provide details on our portfolio performance and an update on our balance sheet. Then we'll open the call for Q&A.

Before we start, please take note of the following. Any statements that we make today about future results and performance or plans and objectives are forward-looking statements. Actual results may differ as a result of factors, risks and uncertainties over which the company may have no control. Factors that may cause actual results to differ materially are discussed in the company's 10-K, quarterly reports and its other reports filed with the SEC. The company disclaims any obligation or undertaking to update or revise any forward-looking statements. Our SEC reports

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