William Truelove

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.