Peter J. Walz, Executive Vice President of Driftwood Hospitality Management, LLC, retired. Prior to Driftwood, Mr. Walz was President of Lodgian Europe, SA and Executive Vice President of Acquisitions and Development for Servico, Inc. from 1994 to 1999. While leading the development of Servico, Inc. the company grew from 42 hotels to 110 hotels. Prior to Servico, Inc., Mr. Walz developed a hotel and several office and retail projects in California. In addition, Mr. Walz was marketing manager for new products, The Pillsbury Company, and CEO and marketing architect for Rollerblades. He is also a recipient of an Emmy nomination for his work in Children and Family Television Programming.