Smedes Rose

is the government shutdown impacting your forecast at all or is that is everything sort of just going on

if you could provide any kind of updated thoughts on your presence in the all-inclusive space noted a handful of properties were transitioned out due to M&A

the strength in group in the first quarter, I think you said up 6%. And I was just wondering if you could provide a little more commentary

would you expect to continue to see more relative weakness on the select server side or any kind of commentary there

Where does that have to get to in order to achieve your gross RevPAR expectations

Is it fair to think that, that could continue to kind of move down slightly? And does that change the way you're thinking about -- you and the Board are thinking about your quarterly dividend payments

any updated thoughts you have on kind of wages and benefits increases in 2026? And besides New York, are there any major markets where labor contracts are coming due

Can you maybe, Sourav, just give some thoughts on -- it'd be interesting to -- what are the components of that, like labor versus benefits to employees and kind of how you're thinking that might pa...

just in terms of what you're seeing in O'ahu, specifically with The Ritz-Carlton Turtle Bay, how is that, I guess, performing relative to your expectations

If you take out the business interruption insurance for '24, it looks like you came in around $95 million

are you seeing an uptick in interest in all-inclusive platforms? Are you seeing incremental redemptions for loyalty points

Do you have a sense of how developers in the U.S. are thinking about returns on that kind of products have they come down?

at this point of the year, like how much confidence do you have that, that pace can continue? Because it doesn't really feel like

did you complete the purchase of the Chicago Sheraton in the quarter? And is that would be included in your owned and leased outlook

you mentioned investing in the elegant portfolio in Barbados and then looking to sell that. Are you actively seeking investors now

Is there kind of a I guess, sort of a limit and upper limit on how much you'd be willing to sort of build in this book

Could you just sort of talk to kind of generally what you're seeing? I mean I assume part of this is you have this access to these other pools of capital

I wanted to ask you a little bit about the loans you made in Europe in the quarter

was the quality of what you saw not that good? Did you become more sort of picky

Was that a significant part of your investing activity this quarter? Or was there a particular asset class

the bulk of it was in Europe. Just wondering if you could maybe talk a little bit about what you're seeing in Europe

if MGM were to get one at the Yonkers facility, are they obligated to use you as a source of financing for their expansion there?

Los Angeles has a lot of luxury retail readily available. It has a lot of housing, and it has a lot of luxury hotels

if maybe you provide any sort of update on the licensing process that seems to be kind of lurching forward in New York for, you know, full-on casinos