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.

SHERIDAN, WYOMING – February 21, 2025 – SHERIDAN, WYOMING – Feb. 21, 2025 – Race. Ride. Relax. The spirit of NOVA Eroica is captured in these three words: a gravel event in pure Eroica style, designed to experience the magic of strade bianche on modern bikes, with a touch of competition. In just a few years, NOVA Eroica has become a benchmark for gravel and cycling enthusiasts in Italy and beyond, attracting riders drawn to the beauty of the routes, the meticulous organization, and the NOVA spirit—bringing together those who love to push the pedals and those who seek adventure, fun, and camaraderie. The 2025 calendar will take cycling enthusiasts to some of the most stunning locations in Italy and beyond. Two new destinations—Ivrea and Istria—promise breathtaking landscapes and thrilling routes.

2025 Event Calendar

SHERIDAN, WYOMING – February 21, 2025 – SHERIDAN, WYOMING – Feb. 21, 2025 – Tulum's luxury travel market has just welcomed a significant addition. TROBBU Boutique Collection has announced the grand opening of TROBBU Tulum, a private villa retreat that introduces a groundbreaking all-inclusive experience – a first for the region, according to a company release.

Luxury Villas with Private Amenities

Nestled in Mexico's highly desirable beach destination, this boutique property boasts ten three-bedroom villas. Each villa is a haven of privacy and luxury, featuring its own infinity pool, sun deck, bar and grill area, and a fully equipped kitchen. Adding to the unparalleled experience, butler service is included, ensuring guests can effortlessly arrange a variety of activities, from pizza and mixology classes to karaoke, wellness sessions, and excursions to the stunning local cenotes.

SHERIDAN, WYOMING – February 21, 2025 – SHERIDAN, WYOMING – Feb. 21, 2025 – The excitement is palpable in Bossier City, Louisiana, as the Live! Casino & Hotel Louisiana officially opens its doors. This $270 million resort, a development of The Cordish Companies, marks a significant milestone as the first land-based casino in the Shreveport-Bossier market and is poised to inject substantial economic benefits into the region.

Economic Impact and Job Creation