Adnan Malik Promoted to Chief Revenue Officer of Magnuson Hotels
London, UK Magnuson Hotels is pleased to announce the promotion of Adnan Malik to the position of Chief Revenue Officer (CRO). In his new role, Malik will oversee the company’s revenue management strategy and drive initiatives to enhance revenue growth across the organization. With an extensive background in revenue management and a proven track record […]
Magnuson Hotel Virginia Beach renews thirteen-year-old affiliation with Magnuson Hotels
Spokane WA, USA / London UK Magnuson Hotels has announced the renewal of affiliation with Magnuson Hotel Virginia Beach, its midscale franchised hotel that first joined the group thirteen years ago in 2010. The hotel is conveniently located minutes away from the Norfolk International Airport and just ten miles from the Virginia Beach oceanfront. For […]
Fairness could be the future of franchising
Building a fairer future for hotel franchising The Fair Franchising movement has seen rapid growth in recent years as hotel owners navigate an increasingly turbulent economy. At the time of writing, concerns about inflation have seen the Federal Reserve raising interest rates by a quarter-point, the ninth increase in a year. Meanwhile, all eyes are […]
Magnuson Hotels performance surpasses industry average by 10x
Spokane, WA, USA / London, UK Magnuson Hotels announced a 77.83% growth in RevPAR since pre-pandemic (2019) for the Hotel Independent Group. This represents a remarkable 10 times the USA industry average of 7.6% as reported by the STR report. Speaking about the drivers behind this phenomenal performance, company CEO Thomas Magnuson said that […]
Texas hotel owner adds second property to Magnuson Hotels Independent Group
Spokane WA USA / London UK Magnuson Hotels announces the Regency Inn Hondo as the latest addition to Magnuson Hotels Independent Collection portfolio. This complements the group’s strategic growth plans to onboard distinctive hotels offering exceptional value in key cities across the country. Regency Inn Hondo is located along Highway 90 and only 3.8 miles […]
Magnuson Hotels Independent Group welcomes Wafer 450 in Santa Clara California
Wafer 450, a member of Magnuson Hotels Independent Collection. London UK/ Spokane WA Magnuson Hotels today announced the addition of Wafer 450 to its Independent Collection portfolio. The 31-room hotel located in Santa Clara is the fourth property added to Magnuson Hotels by California’s Stay Cal Hospitality since 2020, and the 19th hotel the group […]
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 […]
Hoteliers can regain industry control
By Thomas Magnuson, CoStar – Dec 2th 2022 Outsourcing Guest Acquisition and Thus Revenue Is an Odd Way of Looking at Business Before 2001, the hotel industry was stable. Owners dealt with seasonality and some occasional minor economic swings, but they could always count on a rebound. Whether operating as a branded or independent hotel, business […]
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 […]