Adnan Malik Appointed as CEO of Magnuson Hotels, Thomas Magnuson to Step Down after 21 years.
20 December 2023 – Magnuson Hotels announces the immediate appointment of Adnan Malik as its new Chief Executive Officer. Malik, previously serving as Chief Revenue Officer, brings a wealth of experience and innovative vision to lead the renowned hotel brand into its next phase of growth. Adnan Malik’s extensive background positions him as a dynamic […]
North Carolina owner adds 6th hotel to Magnuson Independent Group
London UK / Spokane WA, USA Magnuson Hotels has announced the opening of Studios & Suites 4 Less Charlotte, the latest addition to the Magnuson Independent Collection portfolio. Studios & Suites 4 Less Charlotte is located near Charlotte Douglas International Airport and provides easy access to The Billy Graham Library, the NASCAR Hall of Fame, and […]
Magnuson: Big hotel brands ignoring calls for fair franchise reform
London UK / Spokane WA, USA Asian American Hotel Owners, who own more than 60% of total hotel rooms in the USA, say paying franchise corporations up to 20% of the room sales is not sustainable in today’s economy. The group, which employs 4.2 million US workers and is responsible for 1.7% of the US GDP, […]
Hoteliers can regain industry control
By Thomas Magnuson, CoStar – Dec 2th 2022 The hotel industry, a realm of constant evolution and challenge, has seen its fair share of ups and downs. From the stability of the pre-2001 era to the whirlwind of changes brought on by global events and technological advancements, hoteliers have been on a rollercoaster ride. Thomas […]
Whatever happened to… Magnuson Hotels – CEO claims company leads the industry’s economic recovery
By Mike McLean, Deputy Editor, Spokane Journal – July 28th 2022 Tom Magnuson and his wife, Melissa, now spend part of the year in London and part of it at Lake Pend Oreille. Magnuson Hotels’ U.S. headquarters remains in Spokane Valley. Magnuson Hotels, which the Journal last spotlighted in 2016, has fared much better over […]
Hotels in hackers’ sights as technology replaces personal touch
23rd June, 2022 – London UK Report by Alice Hancock for The Financial Times (Originally published on 28th March, 2022) Hotels and hospitality businesses are now the third most targeted by cyber attackers of all industry sectors. Despite being bricks-and-mortar enterprises — set up for physical enjoyment of their amenities — they have become a […]
Magnuson CEO at UK House of Lords: Protect endangered UK independent hotels to preserve British hospitality industry
23rd June, 2022 – London UK In a presentation at the UK House of Lords hosted by Baroness Ros Altmann, Magnuson Hotels CEO Thomas Magnuson outlined the rapid decline in the number of UK hotels owned by independent private businesses. Magnuson states that in 2010, UK independent hoteliers represented 78% of the UK hotel industry. He […]
Local market growth; a return to the lost skills of increasing hotel occupancy
Thomas Magnuson, CEO, Magnuson Hotels, calls for a return to the lost skills of filling a hotel. We have been trained in recent years to fear the word ‘artisan’. Hoisted over your favourite coffee house, bakery or even rug shop, it usually means that you’re about to pay significantly more than you would normally […]
Getting high on your own supply
By Thomas Magnuson, CEO of Magnuson Hotels In the dynamic world of hospitality, the longing for the golden days of 2019 is palpable. Those were the times when the hotel industry was booming, and the influx of new supply was effortlessly absorbed by an insatiable demand. We reminisced about those days, unaware of the looming […]
RevPAR Increases 40% versus 2019 for Magnuson Hotels Independent Group
Magnuson Hotels’ US Independent Collection reported a 40% increase in RevPAR versus 2019. As of September 2021, Magnuson Hotels reported increase against 2019 in the following performance metrics: RevPAR: + 40% Occupancy: +29% ADR: +8% We attribute the surge in RevPAR to a focus upon dynamic pricing and a company-wide business segmentation strategy targeting local […]
