Consumer >> Sector Roundtables >> February 28, 2005


WILLIAM TRUELOVE is a director in the consumer group of UBS Investment Research, specializing in coverage of the lodging sector. He began serving as the lodging sector analyst in the real estate and lodging research team in 2003, and was promoted to senior lodging analyst in 2004. Prior to the UBS AG acquisition of PaineWebber Incorporated, Mr. Truelove worked as an associate lodging analyst at PaineWebber, starting there in 1998. Previously, he worked in investment banking as an associate vice president at NorthEast Capital & Advisory, specializing in merger and acquisitions for community banks. Mr. Truelove holds an MBA from the Simon School of Business Administration, specializing in finance, and a BS degree in Economics with highest Honors from the Georgia Institute of Technology. Profile
Petrik, Rod
Rod Petrik, Analyst, joined the research team at Stifel Nicolaus & Co., Inc., in connection with the company's acquisition of Legg Mason's Capital Markets Group in December 2005. Mr. Petrik's experience includes public and private debt and equity capital markets transactions, property development and acquisitions, permanent mortgage lending, workouts, real estate dispositions, and strategic and financial advisory assignments. Mr. Petrik has served as Manager of Legg Mason's direct investment group and as Director of Legg Mason Realty Capital, Inc. Before joining Legg Mason, he was an Acquisition and Marketing Associate with PaineWebber Properties, Inc. Mr. Petrik is a Director of two public real estate limited partnerships, one investing in shopping centers and the other in a diversified portfolio of commercial real estate. Mr. Petrik is a member of the National Association of Real Estate Investment Trusts, the Urban Land Institute and the National Multi Housing Council. He has a B.A. and an MBA in finance from Loyola College in Baltimore. Profile
TWST: David, let's start with you. As you look at the lodging industry

today, where are we in the recovery that everybody has been talking


Mr. Katz: I think we're in an interesting