For the fourth quarter ended December 31, 2025, Comparable Total RevPAR for all hotels increased 1.8% to $579, while Comparable RevPAR was relatively flat at $340. Comparable ADR increased 5.4% to $559, but Comparable Occupancy decreased 5.2% to 60.8% for Q4 2025. Net loss attributable to common stockholders for Q4 2025 was $(46.0) million, or $(0.67) per diluted share, and Adjusted Funds From Operations (AFFO) was $(0.02) per diluted share. Adjusted EBITDAre for Q4 2025 was $28.8 million, and Comparable Hotel EBITDA was $38.0 million. For the full year ended December 31, 2025, Comparable Total RevPAR increased 3.1% to $583, and Comparable RevPAR increased 1.0% to $347. Full Year 2025 Comparable ADR increased 3.9% to $538, while Comparable Occupancy decreased 2.7% to 64.6%. Net loss attributable to common stockholders for Full Year 2025 was $(72.7) million, or $(1.07) per diluted share, compared to a net loss of $(50.9) million, or $(0.77) per diluted share, in the prior year. Full Year 2025 AFFO per diluted share was $0.28, up from $0.21 in the prior year, and Adjusted EBITDAre was $147.0 million. Comparable Hotel EBITDA for Full Year 2025 was $164.2 million, up from $159.3 million in the prior year. The Company ended Q4 2025 with $124.4 million in cash and cash equivalents and $42.5 million in restricted cash. Net debt to gross assets was 46.7% at the end of Q4 2025, with $23.4 million in Capex invested during the quarter and $77.9 million for the full year. In August 2025, the Company initiated a process for the sale of the Company or its assets to maximize shareholder value. During Q4 2025, the Company completed the sale of The Clancy in San Francisco for $115 million and repositioned Cameo Beverly Hills to Hilton's luxury LXR brand. Renovations were completed at Hotel Yountville in Napa Valley and Park Hyatt Beaver Creek.