The following Starwood Hotels & Resorts (
Company Participants
- Stephen Pettibone; Starwood Hotels & Resorts Worldwide; Investor Relations
- Adam Aron; Starwood Hotels & Resorts Worldwide; CEO
- Tom Mangas; Starwood Hotels & Resorts Worldwide; CFO
Other Participants
- Shaun Kelley; BofA Merrill Lynch; Analyst
- Ryan Meliker; Canaccord Genuity; Analyst
- Steven Kent; Goldman Sachs; Analyst
- Carlo Santarelli; Deutsche Bank; Analyst
- Thomas Allen; Morgan Stanley; Analyst
- Joe Greff; JPMorgan; Analyst
- Felicia Hendrix; Barclays Capital; Analyst
- Harry Curtis; Nomura Securities; Analyst
- Smedes Rose; Citigroup; Analyst
- Robin Farley; UBS; Analyst
- Ian Rennardson; Jefferies International; Analyst
- Rich Hightower; Evercore ISI; Analyst
- Vince Ciepiel; Cleveland Research Company; Analyst
MANAGEMENT DISCUSSION SECTION Operator: Good morning and welcome to the Starwood Hotels & Resorts third-quarter 2015 earnings conference call.
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(Operator Instructions) I will now turn the call over to Mr. Stephen Pettibone, Vice President of Investor Relations. Sir, you may begin. Stephen Pettibone (Investor Relations): Thank you, [Bettina]. And thanks to all of you for dialing in to Starwood's third-quarter 2015 earnings call. Joining me today are Adam Aron, our CEO on an interim basis, and Tom Mangas, our CFO and Executive Vice President. Before we...