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2025-01-13
DALLAS , Nov. 21, 2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today the conversion of its 226-room Le Pavillon Hotel in New Orleans, Louisiana to a Tribute Portfolio property. Marriott's Tribute Portfolio is a growing global family of characterful, independent hotels drawn together by their passion for captivating design and their drive to create vibrant social scenes for guests and locals alike. The property recently completed a $19 million renovation which included extensive exterior work, upgrading the restaurant, guestrooms, guest bathrooms, corridors as well as a reimagined hotel lobby bar. The new lobby bar, Bar 1803 , draws inspiration from the rich history of Le Pavillon and New Orleans , honoring the year Emperor Napoleon signed the Louisiana Purchase. Legend has it Napoleon conceived the idea while soaking in a marble bathtub filled with rose water – one of which (perhaps the very one) resides in one of our suites. The bar's design showcases this heritage with a striking image of Napoleon and a lenticular art piece capturing two sides of the French icon: a 'serious' Napoleon and a 'spirited' one. This playful nod reflects New Orleans' French roots and vibrant culture. Inspired by the amber hues of iconic NOLA cocktails, Bar 1803 blends history, elegance, and the unmistakable spirit of New Orleans into an unforgettable experience, paying tribute to the city's enduring legacy and the hotel's storied past. Located in the heart of downtown New Orleans on historic Poydras Street, the 226-room Le Pavillon Hotel is known as the "Belle of New Orleans ." It sits adjacent to the historic French Quarter, is located only four blocks from the celebrated music clubs of Bourbon Street and is close to the famous restaurants and antique shops of Royal Street. Originally the site of one of the area's first great plantation homes, the Le Pavillon Hotel was built in 1907 and is a member of Historic Hotels of America. "We are thrilled to announce the successful conversion of this iconic property to Marriott's Tribute Portfolio ," said Stephen Zsigray , President and Chief Executive Officer of Ashford Trust. "With its prime location near key demand drivers in downtown New Orleans , this transformation positions the hotel to stand out as a premier destination in the vibrant New Orleans market. We expect that completing this conversion ahead of Super Bowl LIX and Mardi Gras will position the property for an exceptional start to 2025. This milestone reflects our commitment to maximizing asset value, and we are confident it will drive enhanced financial performance for this property." Tribute Portfolio hotels participate in Marriott BonvoyTM, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit MarriottBonvoy.marriott.com . Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels. Forward-Looking Statements Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets; our projected operating results; completion of any pending transactions; our plan to pay off strategic financing; our ability to restructure existing property-level indebtedness; our ability to secure additional financing to enable us to operate our business; our understanding of our competition; projected capital expenditures; and the impact of technology on our operations and business. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. These and other risk factors are more fully discussed in the Company's filings with the SEC. The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise except to the extent required by law. View original content: https://www.prnewswire.com/news-releases/ashford-hospitality-trust-announces-conversion-of-le-pavillon-new-orleans-to-marriotts-tribute-portfolio-302313626.html SOURCE Ashford Hospitality Trust, Inc.She's not sure what to think about Jaguar now after the 89-year-old company announced a radical rebranding that featured loud colors and androgynous people — but no cars. Jaguar, the company says, will now be JaGUar. It will produce only electric vehicles beginning in 2026. Say goodbye to British racing green, Cotswold Blue and black. Its colors are henceforth electric pink, red and yellow, according to a video that sparked backlash online. Its mission statement: "Create exuberance. Live vivid. Delete ordinary. Break moulds." "Intrigued?" @Jaguar posted on social media. "Weird and unsettled" is more like it, Vogt wrote on Instagram. "Especially now, with the world feeling so dystopian," the Cyprus-based brand designer wrote, "a heritage brand like Jaguar should be conveying feelings of safety, stability, and maybe a hint of rebellion — the kind that shakes things up in a good way, not in a way that unsettles." Our brands, ourselves Jaguar was one of several iconic companies that announced significant rebrandings in recent weeks, upending a series of commercial — and cultural — landmarks by which many modern human beings sort one another, carve out identities and recognize the world around them. Campbell's, the 155-year-old American icon that artist Andy Warhol immortalized in pop culture decades ago, is ready for a new, soupless name. Comcast's corporate reorganization means there will soon be two television networks with "NBC" in their name — CNBC and MSNBC — that will no longer have any corporate connection to NBC News, a U.S. legacy news outlet. One could even argue the United States itself is rebranding with the election of former President Donald Trump and Republican majorities in the House and Senate. Unlike Trump's first election in 2016, he won the popular vote in what many called a national referendum on American identity. Are we, then, the sum total of our consumer decisions — what we buy, where we travel and whom we elect? Certainly, it's a question for those privileged enough to be able to afford such choices. Volumes of research in the art and science of branding — from "brandr," an old Norse word for burning symbols into the hides of livestock — say those factors do contribute to the modern sense of identity. So rebranding, especially of heritage names, can be a deeply felt affront to consumers. "It can feel like the brand is turning its back on everything that it stood for — and therefore it feels like it's turning its back on us, the people who subscribe to that idea or ideology," said Ali Marmaduke, strategy director with the Amsterdam-based Brand Potential. He said cultural tension — polarization — is surging over politics, wars in Russia and the Mideast, the environment, public health and more, creating what Marmaduke said is known as a "polycrisis": the idea that there are several massive crises converging that feel scary and complex. "People are understandably freaked out by that," he said. "So we are looking for something that will help us navigate this changing, threatening world that we face." Trump's "Make America Great Again" qualifies. So did President Joe Biden's "Build Back Better" slogan. Campbell's soup itself — "Mmm Mmm Good" — isn't going anywhere, CEO Mark Clouse said. The company's new name, Campbell's Co., will reflect "the full breadth of our portfolio," which includes brands like Prego pasta sauce and Goldfish crackers. What is Jaguar? None of the recent activity around heritage brands sparked a backlash as ferocious as Jaguar's. The company stood as a pillar of tradition-loving British identity since World War II. Jaguar said its approach to the rebrand was rooted in the philosophy of its founder, Sir William Lyons, to "copy nothing." What it's calling "the new Jaguar" will overhaul everything from the font of its name to the positioning of it's famous "leaper" cat. "Exuberant modernism" will "define all aspects of the new Jaguar world," according to the news release. The approach is thought to be aimed at selling fewer cars at a six-figure price point to a more diverse customer base. The reaction ranged from bewilderment to hostility. Memes sprouted up likening the video to the Teletubbies, a Benetton ad and — perhaps predictably — a bow to "woke" culture as the blowback intersected with politics.sports motorcycle

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The United Nations Children’s Fund (UNICEF) has stressed importance of Nigeria including climate change action in the national school curriculum, explaining reasons for thinking in that direction. The global agency also called on stakeholders from government to private sector to put in substantial efforts to addressing climate change for the well-being of Nigerian children, saying doing otherwise will put their future in greater risk. The Chief of UNICEF Field Office for South-West Nigeria, Celine Lafoucriere, made this call on Wednesday in Lagos at an event organised by UNICEF Nigeria in conjunction with the Lagos State Ministry of Youth and Development. The event with many students from both government and private schools across Lagos in attendance was held in commemoration of this year’s World Children’s Day with a theme, “The voices, today- empowering children and young people to lead climate change.” According to Lafoucriere, it is very important that we must all take the issue of climate change more seriously as the effect of it is putting everyone, especially children who are the future, at great risk. “So, it is necessary that we empower the children and youth, whose creativity, ideas and leadership will shape the sustainable and prosperous future we all envision. “We can do this by government embedding climate change action into the national curriculum right from the early education so that the generality of children can understand it and its effects and also talk about it in school, at home and at every other place. “This will empower them with requisite knowledge to take action and protect the environment even from their early age.” Lafoucriere explained further that the effort is not only on children studying climate change in school but also required that their fundamental rights are protected for them to thrive. According to her, upholding Child’s rights is essential for creating a better world for the present generation and the next to come and achieving this mandate is at the heart of UNICEF globally. “So, your rights as children are non-negotiable, your well-being, your good health, good nutrition, access to water and sanitation, hygiene, and access to education are all under our mandate in UNICEF. “You are the drivers of the safeguard of peace and violence, so, I particularly celebrate the role you play in Nigeria and any other country, lending your voices and preparing solutions to critical social issues, including climate change because it’s about you and your creativity. While commending the children and educators at the event for their passion and commitment towards a safe and healthy environment, she mentioned that aside from government and schools, parents also have roles to play in this journey. She noted that research had shown that Nigeria is among top three globally that most affected by climate change impact, meaning that up to 100 million children and youths under 18 are increasingly exposed to extreme weather patterns in Nigeria. This scenario, according to her, causes heavy rainfall, flooding, storm surges and elevated temperatures, contributing to frequent disasters that impede their rights to good health, nutrition, access to water, and education, with schools shutting down. She declared that “UNICEF will continue to collaborate with relevant partners, public and private, as well as UNICEF champions, young people and children, to create a safer planet for children. Anything we do in UNICEF, for example, is in support of government through collaboration with relevant institutions as we so much believe that no one including the government can do everything all alone. “So, I encourage everyone to celebrate and empower our children and youths especially who are in their adolescent age for they are the future.” Also speaking, the Lagos State Commissioner, Ministry of Youths & Social Development, Mr. Mobolaji Ogunlende, equally emphasized importance of children enjoying their fundamental rights, saying doing so including the right to live in a safe and healthy environment will help them to thrive and become responsible citizens. He noted that global celebration of children symbolizing the unity and commitment of world leaders including Nigerian government and Lagos State by extension to protecting children’s rights. He commended UNICEF for always taking the issues concerning children very seriously, noting that Nigerian children truly deserve the best value for survival, development, protection and participation in matters that affect them. Making reference, he said, Lagos State, for example, is committed to upholding the provisions of Child Rights Law for the benefit of children in the stat, thanking UNICEF for its continuous support to the state. READ MORE FROM: NIGERIAN TRIBUNE Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more. Join our WhatsApp Channel now

This is how we rated Swansea City's players in their 2-1 win over Plymouth Argyle. Lawrence Vigouroux 7 Didn't have a massive amount to do in terms of saves, but distribution was really good throughout. Passes were quarterback-esque at times. Josh Key 7 Really great energy out wide. Caused problems all night for the Plymouth defence. Subbed. Ben Cabango 8 A couple of shaky moments aside, another really strong showing at the back. No player won more aerial duels. Harry Darling 7 Similarly solid. Did his bit in help his side build from the back too. A good outing. Josh Tymon 7 Crosses were a nightmare for the Plymouth defence. One of which ultimately caused the opening goal. Made some strong defensive contributions too. Subbed. Matt Grimes (C) 7 Mopped up really well on the edge of his own box. Made several important challenges and pulled the midfield strings well enough. Jay Fulton 7 A pretty good outing on his return to the starting line-up. Took his goal really well. Subbed Eom Jisung 6 Had his moments, but looked a little rusty at times, which is to be expected given his return from injury. Subbed. Liam Cullen 7 Just cannot stop scoring right now. Worked so hard again, and pressed the Plymouth defence really well. Myles Peart-Harris 8 STAR MAN Hasn't always had the best time of things in a Swans shirt, but this was undoubtedly one of his best performances. A pain for Plymouth all night. Cross for Cullen's goal was brilliant. Florian Bianchini 6 Got himself into some good positions, but couldn't quite get into the game. Subbed. Subs : Zan Vipotnik (on for Bianchini 67) - Had a shot blocked, but offered little more than the man he replaced - 6 Ronald (on for Eom 67) - Showed some brightness on the ball, but was arguably better out of possession as Plymouth pushed - 6 Goncalo Franco (on for Fulton 76) - Made a couple of decent contributions defensively - 6 Kyle Naughton (on for Tymon 76) - A quiet cameo - 6 Cyrus Christie (on for Key 76) - Made some decent contributions, particularly in the air - 6

Kochera's 34 lead Davidson over Eastern Michigan 86-64finally claimed the $100,000 milestone, cementing confidence in further gains to come. The watershed moment has emboldened Wall Street forecasters, some of whom have raised expectations for by the end of 2025. President-elect Donald Trump's incoming administration has bolstered optimism with to revamp crypto regulation and help . Still, studies show that the vast majority of . For non-crypto investors whose curiosity has been piqued by the popular token, here's a primer on some of the ways to invest. Traditionally, the main way for US investors to join the bitcoin frenzy was, well, to buy bitcoin. Bitcoin can be purchased on many popular brokerage platforms, including Robinhood and Fidelity, and through crypto exchanges like Coinbase. However, January's regulatory approval of spot bitcoin ETFs vastly expanded the options for investors, providing a new avenue for crypto exposure. ETF shares are backed by actual bitcoin purchased by the fund, similar to physical gold ETFs that hold the precious metal. According to Bruno Caratori, the cofounder of Hashdex, which is one of the 11 approved ETF providers, these investment vehicles best serve to mitigate behavioral risk associated with buying actual bitcoin, and might be a more welcoming approach to those who don't invest professionally. "It's all too easy for people to buy bitcoin when it's too high, and then not being able to stomach the losses when it swings down — and it does. It has big time, and then you lose money on this," he told Business Insider. These funds can be included in tax-advantaged accounts, such as Roth IRAs and put in the care of a financial advisor. Not everyone has been sold on the benefits. When the ETFs were first approved, crypto-enthusiast Kevin O'Leary , citing the accompanying fees. Depending on the provider, fees on spot bitcoin ETFs from 0.15% to 0.90%. Early discussions also considered amid heated competition. ETFs may also put off some traditional crypto believers given that they set aside a foundational principle of bitcoin: self-custody. In part, cryptocurrency was founded on the idea of a financial system free of banks and institutional exchanges, giving the buyer complete ownership of the token. Meanwhile, investors who get exposure to crypto through a Wall Street fund are giving up on bitcoin's potential use as a means of exchange. "If you think that the use case for bitcoin is highly centered on this, you need to own it yourself," Caratori said. To buy bitcoin directly, investors can use crypto exchanges, online wallets, or peer-to-peer transactions. However, these methods may also come with fees, Caratori noted, citing that the average US transaction fee on a crypto exchange is about 1%. Once purchased, security becomes a leading concern, and bitcoin owners will often take extensive measures to protect their password and bitcoin key from hacking or loss. Locked wallets can bar owners from cashing in on gains — this year, the crypto rally has sparked a surge in wallet . "Some people who hold it themselves, they write down their keys into these titanium plates that will survive a fire in their home," Caratori said, noting that ETFs free investors from those burdens. In a note published Thursday, Bernstein analyst Gautam Chhugani said that the new ETFs effectively solve the "messy" complexity with crypto exchanges and crypto wallets. "Also, household financial names marketing Bitcoin ETFs adds a halo of trust, legitimacy and branding to Bitcoin. ETFs become accessible in broker accounts and integrated with wealth advisors and private banks," he said. There's also a whole host of stocks that closely track bitcoin's movements, and can act as reliable proxies for the token. Software firm tops the list of bitcoin-linked stocks. The company's stockpile of , funded through debt issuance and equity sales, has effectively turned it into a gauge for bitcoin demand. The aggressive strategy has paid off, and MicroStrategy is up over 492% year-to-date compared to bitcoin's rise of about 135%. Caratori told BI that regulation has further enhanced the upside. Given that the approved US ETFs don't permit everyone to invest in them, some institutional players have been left searching for alternatives. For instance, Caratori noted that big investors in Europe are still restricted from these ETFs, pushing them toward MicroStrategy's stock or convertible securities issued by the company. "They understand that they're paying a premium, but they would still rather be in than out." Caratori acknowledged that MicroStrategy's use of leverage to buy could expose stockholders to increased volatility, though there's no sign of broader risk absent a major market crash. Investors may also choose to buy crypto mining stocks, which are also highly correlated to bitcoin. So far this year, the CoinShares Valkyrie Bitcoin Miners ETF has increased . Individual miners that have gained amid bitcoin's latest rally include Marathon Holdings, which is up 87% in the last three months, and Riot Platforms, up about 96% in that time. Read the original article on

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