and joining for thanks, Tejal, us morning. this you, Thank everyone,
his want address as and Bluhm we results XXXX I that to as address Los will Stanley Angeles. significant him Head tenure thank role Brian based We and Global for Before Morgan accomplishments to wish take as had for guidance, XXXX moment CFO. I a of service begins he in our Michael his Lodging under well his
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in results quarter fourth our later. discuss will We detail more
the focus would are I that XXXX business key and X performance our trends as to now expected impact like that operational well. impacted on XXXX to
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second trend supported demand. redemption loyalty our The which has in the growth leisure experienced revenues, we've strong is
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leadership seventh and We have as this year. our and Leader well as Star Overall GRESB a Sector sustainability, designation been from earning our X-star for rating performance recognized on Green Global consecutive
Light in action World the the in have for most Sustainability for America Resorts Sustainability climate North the We recently Award and for years A the past NAREIT named our times Index named time Have four to been Lodging have CDP's five and Dow and first also Leader list change. won Index time. Jones the leading to been third against the
review billion with of lower capital for last assets total within of conclude execution the allocation, and let sold Host. me portfolio. we Since $X.X briefly our two in our XXXX, over years To long-term vision lower our RevPAR strategic context relatively quality the
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to bought X% our In have addition, outstanding. mid-XXXX, weighted share million amounting of nearly we $XXX stock since average of nearly
have by our and meaningfully maturities debt our our we increasing liquidity, sheet balance Finally, lowering strengthened borrowing our costs. extending
CapEx and our profile rate cap blended the Our asset our reduced intensity recycling NAV of and improved long-term has portfolio.
of create Our have greater and value our balance value its the tool, what per time whether Host accretive shareholders appropriate with use for differentiates for diluted development flexibility long-term buybacks, to is create stock been FFO and the flexibility of share lodging our to sheet it's has meaningful to significant to the from enhanced REIT provided willingness or value share, us opportune peers. at shareholders. our best our creation asset Today, most redevelopment repurchases optionality recycling,
to demonstrated our in value use clearly willingness in have We continue creation to these so will and tools XXXX. do XXXX
economic enabled demand RevPAR own long-term vision key needs is us strategic over be conditions portfolio near-term strong want total assets with accelerated believe couple and CapEx diverse to of limited our Our small to substantially apart and in the reposition in high at that that we our have with to we irreplaceable last Market where of from markets number a and point generators. an to years We portfolio is the at cycle. iconic this would assets eventually pace. like monetize,
relationships, meet operating, the evaluate bar sellers. such objectives, to competitive taxes the assets and our acquisitions, and of we opportunities to owner, focusing to as broker can flexibility will where continue advantages strategic of regard our and reputation that on leverage for remains high, we do while With our providing certainty transactions the operator large closing and speed ability e-structures to and our
positioned are calendar with balance shareholders. providing supporting for operational a greater citywide significant performance create to year this flexibility very value well Overall, convention we sheet us our favorable with optionality long-term and
to With that, Brian. I over will turn the call
