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Mr. Layne has worked with the hospitality industry in various capacities since 1986. He began his career with Deloitte Haskins & Sells (now Deloitte & Touche) in 1984. While there he served Phillip H. McNeill, Sr who had started McNeill Sullivan Hospitality Corporation which managed hotels throughout the southeast. Mr. Layne worked closely with Equity Inns LP as the company went public in February of 1994 and served the Company until it sold to a Goldman Sachs affiliate in 2008. He was the managing partner of Crain and Company, CPAs until 2004 when he left public practice and started Layne Capital Management and Consulting, Inc. He has served as President of the Tennessee Society of CPAs and was appointed by the Governor to serve on the Tennessee State Board of Accountancy. He graduated from the University of Tennessee with a B.S. in Business Administration in 1982 and later received his Masters of Accountancy from the University of Tennessee in 1984.