Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Summit Hotel Properties First Quarter 2026 Conference Call. [Operator Instructions]. Please be advised that today's conference is being recorded.

I would like now to turn the conference over to Kevin Milota. Please go ahead.

Kevin Milota
Senior Vice President of Corporate Finance

Thank you, operator, and good morning. I am joined today by Summit Hotel Properties' President and Chief Executive Officer, Jon Stanner; and Executive Vice President and Chief Financial Officer, Trey Conkling.

Please note that many of our comments today are considered forward-looking statements as defined by federal securities laws. These statements are subject to risks and uncertainties, both known and unknown, as described in our SEC filings. Forward-looking statements that we make today are effective only as of today, May 1, 2026, and we undertake no duty to update them later.

You can find copies of our SEC filings and earnings release, which contain reconciliations to non-GAAP financial measures referenced on this call on our website at www.shpreit.com. Please welcome Summit Hotel Properties President and Chief Executive Officer, Jon Stanner.

Jonathan Stanner
President, CEO & Director

Thank you, Kevin, and good morning, everyone. Thank you for joining us today for our first quarter 2026 earnings conference call. We are pleased with our first quarter financial results, which were driven by a meaningful sequential improvement in operating