Consumer >> Analyst Interviews >> July 27, 2009

Outlook For Lodging – Smedes Rose – Keefe, Bruyette & Woods, Inc.

Smedes Rose is a Senior Research Analyst with Keefe, Bruyette & Woods, Inc. (KBW) focusing on the lodging and self-storage industries within the firm's real estate group. Mr. Rose previously worked at Calyon Securities, USA, following the gaming and lodging industries. Prior to Calyon, he worked in equity research at JP Morgan with the gaming and lodging group. Mr. Rose earned an MBA from Columbia Business School, a master's in International Affairs from Columbia and a BA from New York University. Profile
TWST: Tell us what's going on out there in the lodging industry. How bad is the


Mr. Rose: It's very bad. It is pretty much unprecedented, what we're seeing in

the industry right now.