Consumer >> Analyst Interviews >> July 27, 2009
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 slump?
Mr. Rose: It's very bad. It is pretty much unprecedented, what we're seeing in
the industry right now.