SHERIDAN, WYOMING – February 23, 2025 – SHERIDAN, WYOMING – Feb. 23, 2025 – In a strategic move to expand its portfolio, IHG Hotels & Resorts has announced the acquisition of Ruby, a “premium urban lifestyle brand for the modern traveler.” This acquisition, revealed in IHG’s full-year earnings report, marks the company’s 20th brand and signals its intent to capture a larger share of the urban micro hotel market.
SHERIDAN, WYOMING – February 23, 2025 – SHERIDAN, WYOMING – Feb. 23, 2025 – Easter in Provence is set to be exceptionally sweet this year as the Terre Blanche Hotel Spa Golf Resort presents its exclusive "Oeuf Bergamote." This masterfully crafted Easter egg, celebrating the flavors of Provence, will be available from April 13 to April 27, 2025.
Easter in Provence: A Tradition of Indulgence
In France, Easter is a celebration of tradition and indulgence, particularly known for elaborately designed chocolate eggs, the "Oeufs en chocolat." This tradition, often filled with "Fritures" (small chocolates), is practiced with particular devotion in Provence.
The Oeuf Bergamote: A Masterpiece by the Chef Pâtissier
SHERIDAN, WYOMING – February 23, 2025 – SHERIDAN, WYOMING – Feb. 23, 2025 – Tickets are now available for the nationally popular Audi Summer Concerts 2025, set to captivate audiences from June 21 to July 27. This year's festival promises a high-caliber lineup, a zest for experimentation, and a clear commitment to promoting young talent, ensuring a diverse and enriching musical experience.
Opening with Innovation: An Audi Original Production
SHERIDAN, WYOMING – February 23, 2025 – SHERIDAN, WYOMING – Feb. 23, 2025 – Kellanova (NYSE: K) has declared a regular dividend of $0.57 per share, continuing its long-standing commitment to delivering value to its shareholders. The announcement, made by the company's Board of Directors, reaffirms Kellanova's financial stability and its dedication to returning capital to its investors.
Dividend Details and Record Date
The declared dividend of $0.57 per share will be payable on March 14, 2025, to shareowners of record at the close of business on March 3, 2025. The ex-dividend date is also set for March 3, 2025. This payout marks the 401st dividend that Kellanova, formerly Kellogg Company, has distributed to its common stock owners since 1925, highlighting nearly a century of consistent returns.1
Kellanova: A Global Snacking Powerhouse
SHERIDAN, WYOMING – February 23, 2025 –
SHERIDAN, WYOMING – Feb. 23, 2025 – DiamondRock Hospitality Company has officially concluded the sale of the Westin Washington, D.C. City Center, a significant transaction that underscores the company's strategic focus on maximizing shareholder value. The sale, which was finalized on February 19, 2025, involved the 410-room property and was completed for a contract price of $92.0 million.
Financial Highlights of the Sale
The financial metrics of this sale demonstrate a strong return on investment. The sales price represents an 11.2x multiple on 2024 hotel EBITDA and a 7.5 percent capitalization rate on 2024 hotel net operating income. When considering the company’s projected capital expenditures, the capitalization rate stands at 5.6 percent.
SHERIDAN, WYOMING – February 23, 2025 – SHERIDAN, WYOMING – Feb. 23, 2025 – Concord Hospitality marked its 40th anniversary, celebrating four decades of remarkable contributions to the hospitality sector. Since its establishment in 1985 in Ohio, the company has relocated to North Carolina and evolved into a prominent player, boasting a diverse portfolio that includes renowned brands like Hilton, Hyatt, Marriott, and IHG. Under the visionary leadership of Founder and CEO Mark Laport, Concord has solidified its reputation across various hotel segments, including select-service, extended-stay, full-service, luxury, and lifestyle, as well as its impressive array of bars and restaurants.
Expanding Footprint and Continued Growth
SHERIDAN, WYOMING – February 23, 2025 – SHERIDAN, WYOMING – Feb. 23, 2025 – CBRE Forecast Shows RevPAR to Increase in 2025, indicating a sustained recovery and growth within the U.S. lodging industry. According to CBRE's latest projections, revenue per available room (RevPAR) is expected to rise by 2.0 percent in 2025, driven by improved occupancy and average daily rate (ADR) increases.
Projected Growth and Market Dynamics
CBRE forecasts a 2.0 percent increase in RevPAR growth for 2025, with occupancy improving by 23 basis points and ADR increasing by 1.6 percent. This projected growth indicates the continued recovery of the lodging industry, with RevPAR expected to be 16.6 percent higher in 2025 compared with pre-pandemic levels in 2019.
SHERIDAN, WYOMING – February 23, 2025 – SHERIDAN, WYOMING – Feb. 23, 2025 – Hotels across the United States are making strides in workforce recovery, yet significant staffing challenges persist, according to a recent survey conducted by the American Hotel & Lodging Association (AHLA) and AHLA Gold Partner Hireology. While improvements have been noted since May 2024, nearly two-thirds (65 percent) of hotels still report staffing shortages, highlighting the ongoing effort to rebuild the hospitality workforce.
Continued Staffing Challenges in the Hotel Industry
SHERIDAN, WYOMING – February 23, 2025 – SHERIDAN, WYOMING – Feb. 23, 2025 – The official Prologue for the 2025 FIA WEC Championship concluded with Team Peugeot TotalEnergies completing crucial testing at the Losail International Circuit. With approximately fourteen hours of track time, split into two daytime and two nighttime sessions, the team gathered vital data in preparation for the upcoming 1812 km Qatar race.
Thirty-six cars, including eighteen Hypercar prototypes, participated in the Prologue, providing a competitive environment for the teams to assess their vehicles. Team Peugeot TotalEnergies’ six drivers, behind the wheel of the PEUGEOT 9X8, covered a total of 3586 kilometers under varied track conditions. This extensive running allowed them to refine prototype setups and evaluate tire strategies.
Testing and Performance
SHERIDAN, WYOMING – February 22, 2025 – SHERIDAN, WYOMING – Feb. 22, 2025 - FIBO 2025 unveils Hall 1, a groundbreaking space dedicated to Wellness, Hospitality, and Longevity, showcasing the next generation of wellbeing trends, experiences, and innovation.
For the first time in its history, FIBO 2025 is spotlighting the booming sectors of Wellness & Spa, Body & Mind, Pilates, and Longevity in their own exhibition space: the all-new Hall 1. This forward-thinking move reflects the growing influence of these industries on the modern hospitality landscape, as global travelers increasingly prioritize health and wellbeing.