With the Starwood acquisition, completed in 2016, we now offer the largest and most compelling range of brands and properties in the world. For business or pleasure, with family or friends, wherever our guests go, we are there to serve them. We've been innovating the hospitality industry for 90 years, but we’ve only just begun.

Please see Item 1A “Risk Factors” under Financial Information for important information about forward-looking statements we make in the 2016 Annual Report and the risks that could cause actual future results to differ materially from those statements.