Watermark Lodging Trust, Inc. (WLT) is a self-managed non-traded real estate investment trust with a portfolio of high-quality lodging assets. Our premier portfolio, which is primarily focused on Luxury and Upper Upscale properties, was built over a decade through investing in high barrier to entry and growth markets as well as intensive asset management. Our mission is to be the leading owner of lodging real estate by delivering industry-leading shareholder risk-adjusted returns. We seek to achieve this mission through our asset quality and performance, capital deployment and scale, and organizational excellence. We have carefully aggregated an irreplaceable portfolio with significant long-term value, and we have access to capital to execute accretive growth opportunities both through acquisitions and strategic capital projects.