For Pebble Brook in 2027, we should continue to see significant growth from the recoveries in our urban markets led by San Francisco and Los Angeles coupled with more favorable convention calendars in San Diego and Boston that are expected to significantly improve the performance We also have a number of significant events next year, including the Super Bowl moving from San Francisco to Los Angeles, NCAA men's basketball regional finals in L.A., the NFL draft in Washington, D.C., the Star Wars 50th anniversary celebration in L.A., the Major League Baseball All-Star Game in Chicago, and a significant amount of of expected pre-Olympic travel into LA.

Jul 30, 2026 / CEO / receipt, needs a key / Jon Bortz, CEO | earnings call 2026-07-30 | transcript e7ffae13-9f6a-4557-a0f9-20f0e8ccf927 | chars 17695-18351 | segment 18