We see these items as temporary challenges and believe that our financial results will begin to more clearly reflect our hotel and operating results over time.

The addition of new Four Seasons properties has been, and will continue to be, a key component of our growth program. We continue to see a strong pipeline of new opportunities for Four Seasons and are working actively with our various capital partners to bring new projects to locations around the world.

Four Seasons Ocean Residences will be like having a home in the best places in the world at the best times of the year and we believe there is a niche in the world marketplace for this kind of project.

The right to vote is one of our most fundamental rights in a democracy. After people have completed their prison time and have been released back into society, our state should not impose economic barriers to voting.

The government should not spy on groups engaging in peaceful political protest. The FBI should focus its efforts on actual threats and not target people because of their political views.

I think we would make the same investment decisions based on the total returns we expect to receive from these investments as the long-term fee streams remain intact.