Pebblebrook Hotel Trust (NYSE:PEB) Pebblebrook - LaSalle Strategic Combination Update Conference Call September 13, 2018 9:00 AM ET
Executives
Ray Martz – Chief Financial Officer
Jon Bortz – Chairman and Chief Executive Officer
Mike Barnello – Chief Executive Officer-LaSalle Hotel Properties
Analysts
Rich Hightower – Evercore ISI
Amanda Sweitzer – Robert W. Baird
Anthony Powell – Barclays
Gregory Miller – SunTrust Robinson Humphrey
Jeff Donnelly – Wells Fargo
Operator
Greetings and welcome to the Pebblebrook/LaSalle Merger Call. At this time all participants are in a listen only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder this conference is being recorded.
I would now like to turn the conference over to your host, Mr. Ray Martz, Chief Financial Officer for Pebblebrook Hotel Trust. Thank you. You may begin.
Ray Martz
Thank you, Melissa and good morning everyone. Welcome to the LaSalle/Pebblebrook merger conference call. If you have not yet downloaded the press release it’s available on both LaSalle website at www.lasallehotels.com and the Pebblebrook website at www.pebblebrookhotels.com under the Investor Relations section, and the presentation is available on the Pebblebrook website. Joining me today is Jon Bortz, Pebblebrook Chairman and CEO; and Mike Barnello, LaSalle’s Chief Executive Officer; and Ken Fuller, LaSalle’s Chief Financial Officer.
Before we start, a quick reminder that many of our comments today are considered forward-looking statements under Federal Securities Laws. These statements are subject to numerous risk and uncertainties as described in Annual Reports on Form 10-K for 2017 for both companies and our other SEC filings of both companies and future results could differ materially from those implied by our comments.
Some of the factors that contribute to these risks and uncertainties include but are not limited to the outcome of any legal proceedings against either company or others related to the proposed merger, unanticipated difficulties or expenditures related to the proposed merger, risk associated with both companies ability to consummate the proposed merger including required approvals from both companies shareholders and the timing of closing.
Forward-looking statements that Pebblebrook and LaSalle make today are effective only as of today, September 13, 2018, and we undertake no duty to update them later. You can find our SEC reports and a presentation we’re using today, which contain reconciliations of the non-GAAP financial measures we use on our website at pebblebrookhotels.com.
With that I’d like to turn the call over to Jon Bortz. Jon?
