The banking crisis that was and what hotel owners need to know
This article was originally published in Hotel News Now by CoStar Group on April 5th 2023 and has been republished with permission. The recent upheavals in the banking sector, highlighted by the collapse of Silicon Valley Bank (SVB) in the U.S., the Credit Suisse bailout, and the takeover of First Republic Bank by the Federal Deposit Insurance […]
Independent hotels have largely shed ‘inferiority complex’
This article was originally published in Hotel News Now on April 5th 2023 and has been republished with permission. Historical Overview: The Pre-Internet Era Before the advent of the internet, hotel owners looking to expand their business had two main options. The first was to franchise their establishment under a publicly traded brand, a decision […]
A year-end message from CEO Thomas Magnuson
Dear Owners, The year 2022 has been a momentous time for Magnuson Hotels. It certainly delivered surprises, but progress has not been impeded. Despite challenges, we have come together as a community, growing steadily and going all in on the future of hospitality. As the year comes to a close, it is my pleasure to share our […]
