Skip to main content

Hexagon Extends Technical Partnership with Oracle Red Bull Racing

SHERIDAN, WYOMING – February 20, 2025 – SHERIDAN, WYOMING – Feb. 20, 2025 – Metrology specialist Hexagon has announced a multi-year renewal of its long-established innovation partnership with the Oracle Red Bull Racing F1 team. This extension reinforces an 18-year collaboration where Hexagon’s Manufacturing Intelligence division has provided crucial support through 3D laser scanning and digitalization solutions. The timing of this renewed partnership is particularly significant, as the 2026 season will introduce new technical regulations to Formula 1.

A Partnership Built on Innovation

FIA Drives Motorsport Safety Forward with New E-Learning Modules

SHERIDAN, WYOMING – February 20, 2025 – SHERIDAN, WYOMING – Feb. 20, 2025 – The Fédération Internationale de l'Automobile (FIA) has announced the launch of five new Motorsport Medicine eLearning Modules, designed to bolster medical knowledge and preparedness within the global motorsport community. These modules, available through the FIA University, aim to equip staff, volunteers, and drivers with essential skills and best practices for managing medical situations before, during, and after events.

Enhancing Motorsport Medical Expertise

Dreamscape Hospitality Expands Portfolio with Addition of Hilton Garden Inn Shreveport

SHERIDAN, WYOMING – February 20, 2025 – SHERIDAN, WYOMING – Feb. 20, 2025 – Dallas-based Dreamscape Hospitality has announced the addition of the Hilton Garden Inn Shreveport to its growing portfolio of managed properties. This strategic move further solidifies Dreamscape's presence in the hospitality sector and underscores its commitment to providing exceptional guest experiences.

Prime Location and Extensive Amenities

The Hilton Garden Inn Shreveport enjoys a prime location within the bustling Financial Plaza District. This advantageous positioning provides guests with easy access to Shreveport's vibrant business and leisure attractions. The hotel boasts 177 well-appointed rooms and suites, designed with guest comfort and convenience in mind. Whether traveling for business or pleasure, guests can enjoy a range of on-site amenities, including a full-service restaurant, a state-of-the-art fitness center, and a refreshing indoor pool.

Staypineapple Secures $29.5M Refinancing for The Maxwell Hotel in Seattle

SHERIDAN, WYOMING – February 20, 2025 – SHERIDAN, WYOMING – Feb. 20, 2025 – Staypineapple, a growing hotel brand with 10 boutique properties across the U.S., has secured a $29.5 million refinancing loan for The Maxwell Hotel, a 139-key boutique hotel in Seattle's desirable Queen Anne neighborhood. The financing was arranged by JLL’s Hotels & Hospitality Group.

Prime Location and Amenities

Garnet Hotels Expands Portfolio with Acquisition of Clarion Hotel New Orleans

SHERIDAN, WYOMING – February 20, 2025 – SHERIDAN, WYOMING – Feb. 20, 2025 – Garnet Hotels has announced the acquisition of the 292-room Clarion Hotel New Orleans – Airport & Conference Center from a group of local investors for an undisclosed amount. This strategic acquisition expands Garnet's portfolio to 20 hotels nationwide, including two in the greater New Orleans area.

Hotel to Retain Choice Brand and Undergo Renovation

As the new owner, Garnet Hotels plans to maintain the current Choice brand for the property. The company has also announced that the hotel is currently undergoing a renovation, further enhancing the guest experience. Garnet Hotels is committed to a smooth transition and has retained many key employees, including the General Manager, who has a long-standing history with the property.

Smooth Transaction Facilitated by HREC

Hyatt Centric to Debut in Cincinnati, Ohio in 2026

SHERIDAN, WYOMING – February 20, 2025 – SHERIDAN, WYOMING – Feb. 20, 2025 – Hyatt Hotels Corporation and Birkla Investment Group have announced plans for the Hyatt Centric Cincinnati, a 170-room hotel set to open in 2026.1 This venture, owned by Birkla Investment Group and managed by Commonwealth Hotels, represents the first Hyatt Centric property in the state of Ohio.2

A New Era for Downtown Cincinnati

The Hyatt Centric Cincinnati will be located within the historic AT580 building, a premier mixed-use facility.3 This iconic building will be transformed to incorporate the hotel, upscale restaurants, and continue to house residential spaces, marking a unique blend of historical significance and modern luxury for the city. The hotel promises to offer modern amenities focused on guest comfort and convenience, preparing visitors to explore the vibrant city of Cincinnati.4

Global Hotel Construction Pipeline Reaches Record Highs

SHERIDAN, WYOMING – February 20, 2025 – SHERIDAN, WYOMING – Feb. 20, 2025 – The global hotel construction pipeline continues its impressive growth, reaching a new all-time high project count, according to the Q4 2024 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE). This surge in development signals a robust and expanding hospitality industry worldwide.

Record Project Numbers and Room Growth

The latest report reveals a remarkable 15,820 projects/2,438,189 rooms currently in the global pipeline. This represents a 4% increase in projects and a 3% increase in rooms compared to the same period last year. "The global hotel construction pipeline continues its upward trajectory, reaching a new all-time high project count with 15,820 projects/2,438,189 rooms, a 4% increase in projects and a 3% increase in rooms year-over-year (YOY)," the report states.

Super Bowl LIX Coverage Wins Best of AP Award

SHERIDAN, WYOMING – February 19, 2025 – SHERIDAN, WYOMING – Feb. 19, 2025 – The Associated Press (AP) has awarded its prestigious "Best of AP – First Winner" to the team responsible for the comprehensive coverage of Super Bowl LIX in New Orleans. This recognition highlights the exceptional multiplatform reporting that went beyond the playing field, capturing the magnitude of this global event.

A Collaborative Effort Across Departments

The Super Bowl is more than just a game; it's a cultural phenomenon. Recognizing this, AP assembled a diverse team of journalists from various departments, including Sports, Photo, Entertainment, Video, Business News, Lifestyles, Audience, Audio, and U.S. News. This collaborative approach ensured a comprehensive and multifaceted report, taking AP’s coverage to new heights. As one team member noted, "The scale of the Super Bowl demands a massive effort, and that's precisely what we delivered."

Computers Lead in Generative AI Use, But Smartphones a Strong Contender, Says TÜV Association Survey

SHERIDAN, WYOMING – February 19, 2025 – SHERIDAN, WYOMING – Feb. 19, 2025 – Applications with generative artificial intelligence (AI) such as ChatGPT, Claude, Le Chat, or Midjourney are currently mainly used by classic computers or smartphones. A good four out of five AI users (82 percent) access AI applications with personal computers or laptops. And a good half (55 percent) use a smartphone for this purpose. This was the result of a representative Forsa survey commissioned by the TÜV Association among 1,001 people aged 16 and over. According to the survey, other devices such as smart speakers (2 percent) or smart watches (0 percent) currently play hardly any role in the use of generative AI.

Device Usage Trends in Generative AI

Kappa Named New Official Supplier of Team Peugeot TotalEnergies

SHERIDAN, WYOMING – February 19, 2025 – SHERIDAN, WYOMING – Feb. 19, 2025 – Peugeot Sport proudly announces Kappa as its new official equipment supplier. This partnership unites two prominent brands with a shared vision encompassing sport, technology, design, and aesthetics.

A Partnership Between Sport, Technology, and Design

Kappa, a renowned sportswear brand, is recognized for its textile innovation, creating high-performance, comfortable, and stylish equipment. This aligns seamlessly with Peugeot Sport's dedication to pushing technological boundaries in international competitions, notably the FIA World Endurance Championship (FIA WEC).