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Ecolab Receives First EPA Approval for Biofilm Disinfection in Drains

Ecolab Receives First EPA Approval for Biofilm Disinfection in Drains

ST. PAUL, Minn.–(BUSINESS WIRE)–
Ecolab Inc., the global leader in water, hygiene and infection prevention solutions and services, is the first to receive EPA product approval for disinfection of biofilmsi in wastewater drains for its Virasept™ product – an important part of a comprehensive environmental hygiene program designed to help effectively combat bacterial growth in hospitals.

Virasept (EPA Reg. No. 1677-226) is a patented, peracid mixture, ready-to-use cleaner, deodorizer and hospital disinfectant.

“Effective drain biofilm disinfection reduces the risk of environmental transmission of pathogens found in biofilms,” explains Linda Homan, RN, BSN, CIC, and senior manager of Clinical Affairs for Ecolab Healthcare. “We are excited about this first-to-market foaming application solution and believe it will be unique for some time.”

Because they are wet, drains are a high-risk environment for biofilm growth and a vector for hospital-associated infectionsii, and recently published studies have identified sink drains as potentially important reservoirs for antibiotic-resistant organisms.iii,iv Other published clinical studies have shown that foaming is a more effective way to apply product to drains compared to liquids as it ensures contact time compliance.v,vi,vii

Bringing decades of expertise in infection prevention, the Ecolab team worked together with the EPA to refine the test methods required to show foaming efficacy against these pathogens in drain biofilms.

In addition to this foaming application for drain biofilms, Virasept has broad claims on more than 30 organisms of concern including C. diff, TB, and norovirus.viii It is included on the Environmental Protection Agency’s (EPA) List N: Disinfectants for Use Against SARS-CoV-2.ix As part of this submission, Virasept also received EPA approval for claims against C. auris, Legionella pneumophila, and Listeria monocytogenes, further enhancing its applications.

For more information about Virasept and Ecolab’s line of Healthcare cleaners and disinfection programs, products, equipment and services, please visit:

www.ecolab.com/solutions/cleaners-and-disinfectants-for-hospitals

About Ecolab

A trusted partner at nearly three million commercial customer locations, Ecolab (NYSE:ECL) is the global leader in water, hygiene and infection prevention solutions and services. With annual sales of $13 billion and more than 45,000 associates, Ecolab delivers comprehensive solutions, data-driven insights and personalized service to advance food safety, maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world. www.ecolab.com

Follow us on Twitter @ecolab, Facebook at facebook.com/ecolab, LinkedIn at Ecolab or Instagram at Ecolab Inc.

(ECL-P)

i Efficacy studies for disinfection of Staphylococcus aureus and Pseudomonas aeruginosa biofilms were submitted to the EPA to achieve this claim

ii Carling PC. Wastewater drains: epidemiology and interventions in 23 carbapenem-resistant organism outbreaks. Infect Control Hosp Epidemiol. 2018 Aug;39(8):972-979. doi: 10.1017/ice.2018.138. Epub 2018 Jun 28. Review. PubMed PMID: 29950189.

iii BW, Graham MB, Lindmair-Snell J, et al. The relevance of sink proximity to toilets on the detection of Klebsiella pneumoniae carbapenemase

inside sink drains. Am J Infect Control 2019;47:98–100.

iv Kizny Gordon AE, Mathers AJ, Cheong EYL, et al. The hospital water environment as a reservoir for carbapenem-resistant organisms causing hospital-acquired infections—a systematic review of the literature. Clin Infect Dis 2017;64:1435–1444.

v Buchan BW, Arvan JA, Graham MB, Tarima S, Faron ML, Nanchal R, Munoz-Price LS. Effectiveness of a hydrogen peroxide foam against bleach for the disinfection of sink drains. Infect Control Hosp Epidemiol. 2019 Jun;40(6):724-726. doi:10.1017/ice.2019.72. Epub 2019 Apr 17. PubMed PMID: 30992089.

vi Buchan, Blake & Arvan, Jennifer & Graham, Mary & Tarima, Sergey & Faron, Matthew & Nanchal, Rahul & Munoz-Price, L. Silvia. (2019). Effectiveness of a hydrogen peroxide foam against bleach for the disinfection of sink drains. Infection Control & Hospital Epidemiology. 40. 1-3. 10.1017/ice.2019.72.

vii Jones, L., Mana, T., Cadnum, J., Jencson, A., Silva, S., Wilson, B., & Donskey, C. (n.d.). Effectiveness of foam disinfectants in reducing sink-drain gram-negative bacterial colonization. Infection Control & Hospital Epidemiology, 1-6. doi:10.1017/ice.2019.32

viii Claims valid when used in accordance with directions for use on hard, non-porous surfaces

ix Virasept meets criteria for claims against emerging viral pathogens and therefore can be used against COVID-19 when used in accordance with the directions for use against the listed supporting virus on hard, non-porous surfaces.

Ecolab

Cead Nardie-Warner

651 250 4724

[email protected]

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Chemicals/Plastics Manufacturing

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Envestnet Cares Partners with Project HOME to Help Fight Poverty & Homelessness

Under Terms of Partnership, Envestnet to Provide Mentoring Support & Capital, Including $250,000 Donation to be Delivered Over Five Years

PR Newswire

CHICAGO, Nov. 19, 2020 /PRNewswire/ — Envestnet, Inc. (NYSE: ENV) announced today that its Charitable Giving Committee (Envestnet Cares) has chosen Philadelphia-based nonprofit Project HOME as its Signature Impact Partner.

In selecting Project HOME (https://www.projecthome.org) for this long-term initiative, Envestnet considered criteria related to its philanthropic mission to give back to its communities and help create more meaningful and lasting impact through targeted efforts aimed at supporting education and families in need. Under the terms of the partnership, Envestnet will provide both volunteer and financial support, including a pledge of $250,000—or $50,000 distributed annually over the next five years—as well as a mentoring relationship with Project HOME’s Education and Workforce Development team.

“Envestnet believes in serving as a force for social good in our communities,” said Bill Crager, Co-Founder and CEO of Envestnet. “Project HOME reflects Envestnet’s core values, specifically its goal to make financial wellness a reality for more people. And Project HOME’s commitment to helping those less fortunate in North Philadelphia is especially meaningful for the employees in our Berwyn office. In addition to the financial investment, we see tremendous opportunity for furthering Project HOME’s efforts through volunteering, and leveraging our employees’ digital and financial expertise.”

The mission of Project HOME is to empower adults, children, and families to break the cycle of homelessness and poverty, to alleviate the underlying causes of poverty, and to enable such persons to attain their fullest potential as individuals and as members of the broader society. Its Education and Workforce Development initiative includes the following educational programs:

  • K-12 Afterschool Programs, which integrate technology with literacy, art, and science, providing opportunities for students in North Philadelphia to explore new interests, cultivate talents, and prepare for college or careers.
  • The Adult Education and Employment Program, which includes GED classes, professional certifications, and job fairs.
  • The Social Enterprise Program, which empowers residents to build job skills at small businesses, providing low-barrier employment and supplemental income.

“As a result of the pandemic, the need for our work has intensified,” said Sister Mary Scullion, Co-Founder and Executive Director of Project HOME. “In light of this, we are certain that our partnership with Envestnet will have a major impact for so many in our community who are in need. Project HOME has always believed that the best way to fight poverty and put an end to homelessness is through providing access to affordable housing, employment, healthcare, and education. We look forward to working with Envestnet to do just that in the years to come.”

About Envestnet
Envestnet, Inc. (NYSE: ENV) is transforming the way financial advice and wellness are delivered. Our mission is to empower advisors and financial service providers with innovative technology, solutions, and intelligence to make financial wellness a reality for everyone. Over 103,000 advisors across more than 5,100 companies—including 17 of the 20 largest U.S. banks, 47 of the 50 largest wealth management and brokerage firms, over 500 of the largest RIAs, and hundreds of FinTech companies—leverage the Envestnet platform to grow their businesses and client relationships.

For more information on Envestnet, please visit www.envestnet.com, subscribe to our blog, and follow us on Twitter (@ENVintel) and LinkedIn.

About Project HOME

Since 1989, Project HOME has helped thousands of people break the cycle of homelessness and poverty by providing a continuum of care that includes street outreach, supportive housing and comprehensive services that focus on health care, education and employment through both adult and youth education and enrichment programs at the Honickman Learning Center and Comcast Technology Labs and community-based health care services at the Stephen Klein Wellness Center. Project HOME and its partners have pledged to end chronic street homelessness in Philadelphia.

Media Contact

Dana Taormina

JConnelly for Envestnet
973.647.4626
[email protected]

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SOURCE Envestnet, Inc.

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IIROC Trading Halt – WFT

Canada NewsWire

TORONTO, Nov. 19, 2020 /CNW/ – The following issues have been halted by IIROC:

Company: West Fraser Timber Co. Ltd.

TSX Symbol: WFT

All Issues: Yes

Reason: Pending News

Halt Time (ET): 8:17 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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Avantor® Opens New Biorepository Facility in Europe to Support Growing Demand for Scientific Research and Clinical Trial Sample Storage

State-of-the-art facility near Frankfurt, Germany expands Avantor’s geographic reach

Investment supports globalization and increasing number of clinical trials, fast-tracking of COVID-19 vaccine and greater volume of drugs in development

PR Newswire

FRANKFURT, Germany, Nov. 19, 2020 /PRNewswire/ — Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences, advanced technologies and applied materials industries, today opened its new biorepository and sample archiving facility in Europe. Strategically located near the international airport in Frankfurt, Germany, the new facility enables researchers to have access to their samples for future research and analysis, or study validation, within 24 hours.

“The number of clinical trials to support research and development (R&D) of therapeutic modalities continues to grow rapidly across the globe. The associated samples and research materials require meticulous care and processing to ensure the validity of the clinical trial,” said Christophe Couturier, Executive Vice President, Services at Avantor. “This critical need for speed and agility is only reinforced by the COVID-19 pandemic and the race to ensure safe and efficacious therapies – whether by testing previous discoveries or innovating new ones. Avantor can store samples at the end of a trial, and as vaccine production ramps up, we will be able to support manufacturers with their Bulk Drug Substance storage.

Couturier added, “We’re proud of our more than 40-year biorepository heritage, during which Avantor has stored more than 100 million research assets and never failed to return one. It’s another example of how Avantor sets science in motion to create a better world.”

Avantor’s new biorepository and archiving facility in Germany has earned the internationally recognized DGNB “Gold” certification for sustainable construction, which helps to reduce cost intensive risks, while focusing on ecology, economy and sociocultural issues. This new facility complements the Company’s U.S. landmark campus located in Leesburg, Va. and its other campus near Nice, France. 

About Avantor
Avantor®, a Fortune 500 company, is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. Our portfolio is used in virtually every stage of the most important research, development and production activities in the industries we serve. One of our greatest strengths comes from having a global infrastructure that is strategically located to support the needs of our customers. Our global footprint enables us to serve more than 225,000 customer locations and gives us extensive access to research laboratories and scientists in more than 180 countries. We set science in motion to create a better world. For information, visit avantorsciences.com and find us on LinkedIn, Twitter and Facebook.

Avantor Regional Media Contact
Kristopher Akana
Director Communications Europe
Avantor
M: +33 (0)6 60 11 12 19
[email protected]

Global Media Contact
Robert Donohoe
Senior Director, Corporate Communications
Avantor
M: +1-484-688-4730
[email protected]

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SOURCE Avantor and Financial News

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Life Care Services Ranked Highest in Customer Satisfaction by J.D. Power

Nation’s second-largest senior living operator receives highest score in all 6 factors

Des Moines, Iowa, Nov. 19, 2020 (GLOBE NEWSWIRE) — Life Care Services, An LCS Company, ranked highest in customer satisfaction with independent senior living communities for two years in a row in the J.D. Power 2020 U.S. Senior Living Study. In addition, Life Care Services achieved the highest score in all six factors: resident activities, community staff, price paid for services received, resident apartment/living unit, community building and grounds, and dining.

“Life Care Services is privileged to serve nearly 40,000 seniors across the nation. We are honored to be ranked highest in customer satisfaction with independent senior living communities for two years in a row by J.D. Power,” says Joel Nelson, president and CEO of LCS, the parent company of Life Care Services. “This award represents the voice of our residents and is a testament to our commitment to serve the customer first and foremost.

Nelson notes this year’s award is especially meaningful given the unique circumstances of the pandemic. “I’d like to recognize the heroic efforts of our community staff who serve our residents each and every day. Their diligence and perseverance provides residents with the best senior living experience possible,” says Nelson.

Life Care Services ranked highest in independent living resident overall satisfaction with a score of 855 in the J.D. Power U.S. Senior Living Satisfaction Study. The study is based on responses from 4,992 residents, or their decision-maker, living in an independent, assisted-living or memory care community within the previous three years.

About Life Care Services

Life Care Services, An LCS Company, has the experience required to boost community financial performance, increase occupancy, and develop new lifestyle and health initiatives to meet consumer expectations and help communities thrive. With a long track record of excellence, Life Care Services, sets itself apart from other senior living companies with its unique, comprehensive portfolio of support services. Life Care Services is the nation’s second largest operator of senior living communities and has expertise in the management of both Life Plan and rental communities. From independent living to assisted living, skilled nursing to memory care, at Life Care Services, Experience Is Everything. For more information, visit lifecareservicesLCS.com.



Pat Howard
LCS
5158837938
[email protected]

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SL Green Realty Corp. Announces Common Stock Dividend

SL Green Realty Corp. Announces Common Stock Dividend

NEW YORK–(BUSINESS WIRE)–
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that its board of directors has declared a monthly dividend of $0.295 per share of common stock. The dividend is payable on December 15, 2020 to shareholders of record at the close of business on November 30, 2020.

About SL Green

SL Green Realty Corp., an S&P 500 company and Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2020, SL Green held interests in 93 buildings totaling 40.6 million square feet. This included ownership interests in 29.2 million square feet of Manhattan buildings and 10.3 million square feet securing debt and preferred equity investments.

Forward Looking Statement

This press release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, are forward-looking statements. Forward-looking statements are not guarantees of future performance and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “project,” “continue,” or the negative of these words, or other similar words or terms.

Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements are described in our filings with the Securities and Exchange Commission. These risks and uncertainties include, but are not limited to, potential risks and uncertainties relating to the novel coronavirus (COVID-19).

SLG – DIV

Source: SL Green Realty Corp.

Matt DiLiberto

Chief Financial Officer

212.594.2700

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: REIT Building Systems Other Construction & Property Commercial Building & Real Estate Construction & Property

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NBA Draft Pick LaMelo Ball Wears World’s First Camera Headphones Created By Award-Winning Tech Company MUZIK

Connect with MUZIK Online


Here


LOS ANGELES, Nov. 19, 2020 (GLOBE NEWSWIRE) — Wednesday night’s NBA draft was unlike any other. Like most large events that have been held virtually this year, ESPN hosted the virtual draft LIVE while players received their career-defining announcements from the comfort of their homes. LaMelo Ball was clearly moved when he answered the call, as he was picked by The Charlotte Hornets while wearing the worlds’ first camera headphone, MUZIK VISION, while surrounded by his close friends and family. MUZIK’s partnership with LaMelo reflects their ethos of connecting culture directly through next generation technology and with Michael Jordan, majority owner of the Hornets, as a lead investor in MUZIK, the Charlotte Hornets look to be the perfect fit. By turning the camera away from the user and instead focusing on how they can inspire the world by using VISION, MUZIK has introduced a powerful new tool to empower content creators and other ‘MUZIK inspirators’ to share their unique vision, as they experience it themselves.

Generation Z has led the charge of popularizing authentic, organic, humanized content, which inspired MUZIK to partner with 19-year old LaMelo Ball. Much like LaMelo’s disruptive journey, MUZIK holds themselves to high standards to stay ahead of the competition. Their award-winning innovative technology allows users to listen, capture, stream and share photos and video in exciting new ways through MUZIK’s powerful SmartWare™ platform activated by voice, touch, and its accompanying Android and iOS apps.

Furthermore, SmartWare™ will allow developers to access MUZIK’s unique Software Development Kit (SDK) to create custom apps that leverage the audio, voice and intelligent camera features to create unique experiences.

The new technology that MUZIK presents has the capacity to not only change the course of music, apps, and video tech but also the way we shape our culture. The way people interact with one another is ever-changing; in a year like 2020, we’ve realized the importance of video content to connect with one another, to share varied perspectives and to document history in the making. VISION fills the void of a hands-off device used to offer a personal glimpse into each other’s worlds. MUZIK delivers a unique approach to connection in an endlessly evolving social climate that craves creativity, authenticity, empathy and truth.

MUZIK has partnered with more than 80+ icons in the worlds of sports, fashion, music and technology to create a next generation product & platform, built by culture for culture. Investors like LaMelo Ball are joined by a ‘family’ of fellow MUZIK partners and global cultural icons that continue to inspire culture and fight for equality.

About Muzik

Launched by Founder & CEO Jason Hardi in 2012, MUZIK has been granted 130+ domestic and international patents for their next generation smart headphone technology and connected experiences. MUZIK’s small, dynamic and diversified team, based in Los Angeles, has pioneered a new market segment with their SmartWare™ platform. MUZIK’s versatile wearable devices connect individuals through experiences, including those powered by artists, innovators and cultural icons. With investors like François-Henri Pinault on board, MUZIK successfully brings together the best minds in technology and global culture icons to provide users with the best experiences, but also empower them with the best tools to inspire and find their own voices.

With VISION, users can enjoy custom Voice and Touch controlled experiences by sharing LIVE content through the devices’ integrated sound and sight technology; allowing users to capture sound, photos and video, hands-free, with ease. MUZIK VISION was created to empower content creators with a timely tool to democratize innovation and bring the world closer together as they share their unique POV.

MUZIK Online


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For More Information Please Contact:
Marilyn Reles & Jenna Barrott
Present PR | Deep Blue PR 
[email protected] // [email protected] 
(920) 698-7181

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Wyndham Hotels & Resorts Offers 25 Percent Off Ahead of Black Friday with Week-Long Mobile App Flash Sale

Starting November 24, travelers can save big at thousands of Hotels by Wyndham

PR Newswire

PARSIPPANY, N.J., Nov. 19, 2020 /PRNewswire/ — Just in time for Black Friday and the holiday travel season, Wyndham Hotels & Resorts—the world’s largest hotel franchising company with approximately 9,000 hotels across 90 countries—is announcing a new week-long Mobile App Flash Sale, offering special savings of 25 percent off at thousands of hotels across the U.S and Canada.

Starting November 24, 2020 through December 1, 2020, travelers yearning for a new beachside remote work location, adventurous road trip, scenic national park visit or simply a much-needed change of scenery, can save 25 percent off the best available rate at participating hotels when they book through Wyndham’s all-new mobile app. The discount, which is among Wyndham’s richest of the year, is combinable with other offers, including the Company’s current “Stay Twice, Get a Free Night” promotion, in which Wyndham Rewards® members can earn 7,500 bonus points after completing two qualified stays.

“We’re thrilled to offer travelers another opportunity to save this holiday season as we all look for safe ways to get away, recharge and enjoy a bit of relaxation,” said Sheila Schottland, vice president, brand marketing, Wyndham Hotels & Resorts. “With elevated health and safety protocols, plus an innovative mobile app that offers streamlined, low-contact features like mobile check-in and checkout, guests can feel confident knowing that their health and safety continue to come first.”

To take advantage of Wyndham’s latest flash sale, deal-seekers must first download the Wyndham Hotels & Resorts’ mobile app—available in the Apple App and Google Play stores—and then tap the Mobile App Flash Sale offer on the app’s home screen. Membership in Wyndham Rewards, which is free to join, is required for the offer, and non-members can quickly enroll as part of the booking process. A two-night minimum stay is required and stays must be completed by January 18, 2021. Bookings may be cancelled free of penalty if done 72-hours before a stay. For full terms and conditions, visit www.wyndhamhotels.com/app.

Ideal Hotels for Work or Play
Whether seeking a new spot to squeeze in some remote work or searching for the perfect socially-distanced holiday getaway, Wyndham Hotels & Resorts offers travelers thousands of hotels across a wide-range of price points and destinations. Among just a few options:

  • Wyndham Grand® Clearwater Beach (Clearwater, Fla.)
    Just steps away from beautiful Clearwater Beach, this sophisticated resort offers spectacular views of the ocean or nearby marina from all of its rooms. Perfect for relaxation, Wyndham Grand Clearwater Beach offers upscale amenities, including a full-service spa, outdoor pool and therapeutic whirlpool spa, 24/7 fitness center and grand sundeck. Guests also have access to a 24/7 business center and multiple dining options. Average rates start around $267 per night, prior to any discounts.

  • La Quinta® by Wyndham Santa Rosa Sonoma (Santa Rosa, Calif.)
    Located in the famous Sonoma wine district, this newly opened hotel is surrounded by world-class wineries, stunning parks and gardens, golf courses, shops and more. Perfect for both unwinding while staying connected, guests can enjoy a heated outdoor pool, hot tub and fitness center, as well as the hotel’s free high-speed Wi-Fi. Average rates start around $154 per night, prior to any discounts.

  • Travelodge® by Wyndham Holbrook (Holbrook, Ariz.)
    Pull off historic Route 66 into Travelodge Holbrook for comfortable accommodations during an eastern Arizona road trip. Travelers looking for a bit of exploration and discovery during their stay can venture out to the Petrified Forest National Park and surreal Painted Desert – about 20 miles from the hotel – or travel an hour west towards Winslow, Ariz. to Meteor Crater, among the best-preserved meteorite crash spots in the world. Guests looking to stay connected can also enjoy the hotel’s free Wi-Fi. Average rates start around $67 per night, prior to any discounts.

  • Super 8® by Wyndham Mahwah (Mahwah, N.J.)
    Situated off I-287 near New York’sHudson Valley, Super 8 by Wyndham Mahwah provides outdoor enthusiasts the chance to explore Harriman-Bear Mountain State Parks, featuring 31 lakes and reservoirs, and more than 200 miles of scenic hiking trails. During the colder months, travelers can enjoy snowshoeing and ice skating at Bear Mountain State Park while taking in the snow-topped forests in the surrounding area. The hotel also offers the Super 8 brand’s unique ROOM8 concept with rooms featuring vintage arcade games and individual sleeping spaces for up to four guests. Average rates start around $63 per night, prior to any discounts.

As the travel landscape continues to evolve in the wake of COVID-19, Wyndham and its brands remain committed to the health and safety of guests and team members. The vast majority of the Company’s hotels remain open and are welcoming guests with flexible booking policies and enhanced health and safety protocols through Wyndham’s Count on UsSM initiative. The Company has also extended current Wyndham Rewards Member Levels (status) through the end of 2021 and paused points expiration through the end of this year. Guests are encouraged to check local travel guidelines and restrictions prior to travel. Learn more at www.wyndhamhotels.com/COVID-19.

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across approximately 90 countries on six continents. Through its network of 804,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers 85 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.

About Wyndham Rewards
Recently named the number one hotel rewards program by readers of USA TODAY, Wyndham Rewards® is the world’s most generous rewards program with more than 30,000 hotels, vacation club resorts and vacation rentals worldwide. Designed for the everyday traveler, members earn a guaranteed 1,000 points with every qualified stay and may redeem points for a wide-range of rewards, including free nights at any of approximately 9,000 hotels or thousands of vacation club resorts and vacation rentals globally through affiliation with Wyndham Destinations (NYSE: WYND) and others. Wyndham Rewards has 85 million enrolled members around the globe. Join for free today at www.wyndhamrewards.com. You’ve earned this.®

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SOURCE Wyndham Hotels & Resorts

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The RMR Group Announces Closing of Inaugural $680 Million Private Capital Investment Vehicle

The RMR Group Announces Closing of Inaugural $680 Million Private Capital Investment Vehicle

RMR to Manage Vehicle Focused on Investing in U.S. Industrial and Logistics Properties

Initial Portfolio Consists of 12 Industrial and Logistics Properties With 9.2 Million Square Feet

RMR Expects to Substantially Grow the Vehicle in the Future

NEWTON, Mass.–(BUSINESS WIRE)–The RMR Group Inc. (Nasdaq: RMR) today announced the closing of a $680 million private capital investment vehicle with a large, top tier global sovereign wealth fund to invest in industrial and logistics properties throughout the U.S. RMR will manage the vehicle on behalf of its investors, which includes this new sovereign wealth fund investor (approximately 39%), an existing institutional investor in this vehicle (approximately 39%) and Industrial Logistics Properties Trust, or ILPT (approximately 22%). ILPT is an existing client company of RMR and sold the initial properties into the vehicle. RMR has entered into an asset management agreement and a property management agreement with this investment vehicle. The initial fees RMR expects to receive from this vehicle are approximately equal to fees it earned when the properties were owned by ILPT.

The $680 million investment vehicle currently owns 12 industrial properties with an aggregate 9.2 million square feet in nine states. As of September 30, 2020, these properties were 100% leased for a weighted average remaining lease term (by annualized rental income) of 6.7 years. RMR expects to substantially grow this vehicle with additional industrial and logistics properties in the future.

Adam Portnoy, President and Chief Executive Officer of RMR, made the following statement regarding today’s announcement:

“We are pleased to announce the launch of this inaugural RMR managed private capital investment vehicle. We believe that well located and well leased industrial and logistics properties in the U.S. are positioned to produce exceptional returns for investors in the future. We look forward to growing this vehicle through the acquisition of industrial and logistic properties in the future. We also hope that this private capital investment vehicle marks the beginning of a new line of business for RMR of managing large amounts of private capital on behalf of institutional clients for investment in core real estate assets.”

About The RMR Group Inc.

The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate operating companies. As of September 30, 2020, The RMR Group LLC had $32.1 billion of total assets under management, including over 2,100 properties, and employed over 600 real estate professionals in more than 30 offices throughout the United States; and the companies managed by The RMR Group LLC collectively had nearly 42,500 employees. RMR is responsible for providing all aspects of management services and strategy for more than 1,300 properties with over 93 million square feet of commercial office, industrial, medical office, life science and retail space. The RMR Group Inc. is headquartered in Newton, Massachusetts.

WARNING REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon RMR’s present beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond RMR’s control. For example:

  • Mr. Portnoy states that RMR believes that well located and well leased industrial and logistics properties in the U.S. are positioned to produce exceptional returns for investors in the future. This statement may imply that the investment vehicle’s investments will be successful in the future. However, there can be no assurances that investments by the vehicle will produce any returns. Investment involves risk and there can be no assurances that the current economic environment will not worsen due to unforeseen circumstances, including, but not limited to, economic conditions due to the COVID-19 pandemic and its aftermath.
  • Mr. Portnoy states that RMR looks forward to growing this vehicle through the acquisition of industrial and logistics properties in the future. This statement may imply that the assets of the vehicle will grow over time through acquisitions or otherwise. There can be no assurances additional properties will be acquired by, or contributed to, the investment vehicle. In addition, the acquisition of additional properties could ultimately have a negative impact on the overall value of the investment vehicle’s portfolio, result in additional liabilities or potentially result in a decrease in any fees payable to RMR under the management agreements.
  • Mr. Portnoy also states that RMR hopes that the investment vehicle marks the beginning of a new line of business for RMR of managing large amounts of private capital on behalf of institutional clients for investment in core real estate assets. This statement may imply that RMR will successfully explore and act upon new opportunities for future growth in this area and that RMR’s business will grow and that its operating performance and financial results will improve as a result. However, RMR may not identify investment management opportunities it wishes to pursue and any opportunities it may pursue may not be successful and may not result in RMR improving its operating performance or its financial results, and RMR may realize losses as a result.

For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Except as required by law, RMR does not intend to update or change any forward-looking statements as a result of new information, future events, or otherwise.

Michael Kodesch,

Director, Investor Relations

(617) 219-1473

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Professional Services Finance

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This Year, Your Avatar Gets to Meet, Mingle and Imbibe at the First-Ever Repeal Day Expo on Dec. 5

Headliner event unites music and spirits

LOUISVILLE, Ky., Nov. 19, 2020 (GLOBE NEWSWIRE) — As the 87th anniversary of National Repeal Day on Dec. 5 nears, the drinks industry is throwing its support behind the inaugural Repeal Day Expo, a virtual event in which your avatar gets to meet, mingle and engage in all-things distilled.

The Repeal Day Expo is a day-long convention that showcases more than 40 liquor brands, top-tier musical talent and well-known drinks personalities.

Expo attendees will create their own avatar and engage in live conversations, expert panel discussions, private bourbon, mezcal, tequila, gin, beer and other tastings, and see musical performances on stage. Attendees can actually interact as a community.

“Think Sims simulation video games except that the players meet-up at their favorite liquor store inside a virtual world,” said Fred Minnick, the renowned bourbon and whiskey expert, and Wall Street Journal bestselling author who’s bankrolling the event.

A mutual love of good drink is the common denominator for Repeal Day Expo virtual event goers. Organizers expect to draw fans, followers and industry reps from across the music, festival, sports and spirits industries. Country music star Lindsay Ell and Blues sensation Shawn James headline the musical talent while ESPN’s Wright Thompson rounds-out its sports interest.

Bourbon heavyweights include Black Bourbon Society founder Samara Davis, Bourbon Hall of Famer Peggy Noe Stevens as well as Minnick, among others, whose big personalities bring libation knowledge to the Degy World platform. Degy World created the virtual expo space that customized all of the Expo’s grand halls, spaces and stages.

Master Taster Stevens’ seminar surrounds the concept of bourbon entertaining and she’ll share some of her trade secrets of hosting bourbon events in your home. “In our virtual world today this is such a unique way to celebrate bourbon and Repeal Day,” she said.

Given the limited number being offered, tickets are expected to sell quickly since going up for sale last week. The Expo’s most expensive tickets, at $149, sold out in two days.

Every ticket holder will build their own avatar and receive a bottle of Jack Daniel’s through the event’s online retailer, CraftShack, in states allowing alcohol shipments. All ticket holders, participants and registrants must be at least 21 years old.

“Repeal Day Expo doesn’t replace the in-person bar experience, but it’s as close as we’ll get in 2020. Throughout my career, I’ve tried to give beverage fans interesting experiences and content,” says Minnick, winner of the 2019 John Barleycorn Spirits Personality of the Year. “There’s simply nothing like Repeal Day Expo in Degy World. With your own avatar, you’re essentially playing a video game, yet engaging with people and drinking whiskey. It’s the gathering the spirits industry is yearning for during this celebrated holiday.”

Minnick is former editor of Bourbon+ Magazine, a longtime judge of the San Francisco World Spirits Competition, and co-founder of Bourbon and Beyond, the 3-day music festival.

Dec. 5, 1933 marks the day alcohol Prohibition was repealed in America. For this auspicious day, many gather to raise a glass toasting the end of Prohibition. Since gatherings are a thing of the past this year, the Expo quenches the spirits industry’s thirst for an annual Repeal Day party.

“We are thrilled to be teaming up with Fred Minnick, his amazing team, and his throngs of dedicated followers around the world. The event concept conceived for Degy World is exciting and groundbreaking for the spirits world. We know that the Repeal Day Expo ticket holders, exhibitors and presenters will have a unique, immersive avatar experience unlike any they ever imagined,” said Ari Nisman, founder of Degy World.

“We expect to keep Degy World’s virtual bar stocked following the excitement and energy of Dec. 5,” said Nisman.

To purchase tickets:
https://repealdayexpo.com/

View video:
Repeal Day Expo – Promo Video

Repeal Day Expo liquor store:
https://craftshack.com/collections/repeal-day-expo-2020?utm_source=Repeal-day-expo-2020&utm_medium=Affiliate&utm_campaign=Repeal-day-expo-2020

Ticket packages
:

All packages include 1 bottle of Jack Daniel’s. A portion of every ticket will be donated to the Museum of the American Cocktail and the USO.

Gold Package, $20
Includes access to musical performances, the Expo Hall, panels and more

Platinum Package, $50
Includes access to Fred’s Lounge and entree into exclusive interactive mixology and tasting sessions

Double Platinum Package, $149, SOLD OUT
All-access pass includes a bottle of New Riff Bourbon and a Jack Daniel’s single barrel

Event Exhibitors
i
nclude
:

291 Colorado Whiskey
Angel’s Envy
Balcones
Bardstown Bourbon Company
Barrell Craft Spirits
Blackened
Boone County Distilling
Boone’s Bourbon
Catoctin Creek
Cedar Ridge Distillery
Chicken Cock Whiskey
Creek Water Whiskey
Four Gate Whiskey
Ford’s Gin
Ilegal Mezcal
Jack Daniel’s
Kentucky Peerless
MB Roland
Michter’s
Nelson’s Green Brier Tennessee Whiskey
New Riff Distilling
Next Century Spirits
Old Dominick
Old Forester
Penelope Bourbon
Rolling Fork Rum
Slipknot’s No. 9 Whiskey
Spirits of French Lick
St. George Spirits
Traverse City Whiskey Co.
Wilderness Trail
Woodford Reserve

Tourism
and
Association
Affiliations:

Black Bourbon Society + Diversity Distilled
Bourbon Brotherhood
Bourbon Women
The Kentucky Bourbon Trail® (KDA)
KOBBE
Museum of the American Cocktail (MOTAC)
The B-Line/MeetNKY
USO

Retail and Other
Partner
s:

CraftShack
Craft Beer Zone curated by CraftShack
TKO
Shelter Music
Six18

Expo Panelists:

Blake Riber
Brian Haara
Greg Wilson
Jamar Mack
Jordan Moskal
Kenny Coleman
Kristopher Hart
Maggie Kimberl
Natalie Migliarini
Peggy Noe Stevens
Samara Davis
T8ke
Wright Thompson

Music
al Acts:

Lindsay Ell
Shawn James
DJ Dook
Kelley Swindall
Magnolia Bayou
Moon Tooth 
Steel Wheels
Tyler Boone
DJ Dook

Note to media: Press passes available with credentials.


FredMinnick.com

Repeal Day Expo


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Instagram
 @Repeal_Day_Expo

Cheri Collis White
Repeal Day Expo 2020
[email protected] 
5024946431

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/4fcdab7f-2d12-4aa6-910b-2abd5cdb021a

https://www.globenewswire.com/NewsRoom/AttachmentNg/684ee9a3-cdd6-4fd2-929f-1e16bdac19ec

The photos are also available via AP PhotoExpress.