Sunstone Hotel Investors, Inc. (SHO) Q1 2023 Earnings Call Transcript

Sunstone Hotel Investors, Inc. (NYSE:SHO) Q1 2023 Earnings Conference Call May 5, 2023 12:00 PM ET

Company Participants

Aaron Reyes - Chief Financial Officer
Bryan Giglia - Chief Executive Officer
Robert Springer - President and Chief Investment Officer
Chris Ostapovicz - Chief Operating Officer

Conference Call Participants

Duane Pfennigwerth - Evercore ISI
Anthony Powell - Barclays Capital
Smedes Rose - Citi
Chris Darling - Green Street
Patrick Scholes - Truist Securities
Michael Bellisario - Baird

Operator

Good morning, ladies and gentlemen and thank you for standing by. Welcome to the Sunstone Hotel Investors First Quarter 2023 Earnings Call. [Operator Instructions] I would like to remind everyone that this conference is being recorded today, May 5, 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.

Aaron Reyes

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 prospectuses, 10-Qs, 10-Ks and other 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 EBITDAre, adjusted FFO and property level adjusted EBITDAre. We are providing this information as a supplement to information prepared in accordance with generally accepted accounting principles. Additional details on our first quarter results have been provided in our earnings release and supplemental which are available on our website.

With us on the call today are Bryan Giglia, Chief Executive Officer; Robert Springer, President and Chief Investment Officer; and Chris Ostapovicz, Chief Operating Officer. Bryan will start us off with some highlights from our first quarter operations