Net income for the fourth quarter of 2025 was $7.2 million, a significant increase from $0.8 million in the fourth quarter of 2024. Total Portfolio RevPAR increased 9.6% to $220.12 in Q4 2025 compared to Q4 2024. Adjusted EBITDAre for Q4 2025 increased 17.6% to $56.6 million. Adjusted FFO attributable to common stockholders per diluted share increased 25.0% to $0.20 in Q4 2025. Full year 2025 net income was $24.6 million, compared to $43.3 million in 2024; excluding the loss on the sale of the Hilton New Orleans St. Charles, net income would have been $33.3 million. Full year 2025 Total Portfolio RevPAR increased 3.8% to $225.12. Full year 2025 Adjusted EBITDAre increased 3.0% to $236.6 million. Full year 2025 Adjusted FFO attributable to common stockholders per diluted share increased 7.5% to $0.86. The company returned over $170 million to common stockholders in 2025 through dividends and share repurchases. In 2025, the company repurchased an aggregate of $103.6 million of its common and preferred stock, with an additional $7.5 million repurchased through February 26, 2026. Sunstone's Board of Directors reauthorized a $500.0 million stock repurchase program in February 2026. Andaz Miami Beach opened in May 2025 following a complete transformation and is expected to generate meaningful earnings growth in 2026, 2027, and 2028. The Hilton New Orleans St. Charles was sold in June 2025 for $47.0 million, with proceeds used for share repurchases. A Third Amended and Restated Credit Agreement was completed in September 2025, providing $1.35 billion in borrowing capacity and extending debt maturities to 2030 and 2031. In January 2026, the company drew the remaining $90.0 million from its delayed-draw term loan and repaid the $65.0 million Series A Senior Notes, resulting in no debt maturities until 2028. The company invested $103.0 million into its portfolio in 2025 and expects to invest $95 million to $115 million in 2026.