Wafer 450, a member of Magnuson Hotels Independent Collection.
London UK/ Spokane WA
Magnuson Hotels is excited to announce the latest addition to its Independent Collection portfolio, the Wafer 450 hotel. This partnership marks the fourth collaboration between Magnuson Hotels and California-based Stay Cal Hospitality since 2020, enhancing the group’s presence in California with the 19th hotel under its representation.
Strategic Location and Attractions
Located in Santa Clara, the 31-room Wafer 450 hotel boasts a prime location less than 3 miles from San Jose International Airport and Levi’s Stadium. Its proximity to the corporate offices of leading semiconductor companies such as Intel, NVIDIA, AMD, and global technology giants like Google, Facebook, Netflix, and Salesforce positions it as an ideal stay for business travelers. Moreover, Wafer 450 is conveniently situated within a 5-mile radius of popular attractions including California’s Great America, the Intel Museum, and Mission Santa Clara De Asís, offering leisure guests a variety of nearby entertainment options.
A Collaboration Focused on Growth and Innovation
The launch of Wafer 450 signifies the ongoing successful partnership between Magnuson Hotels and Stay Cal Hospitality, spearheaded by Hiten Suraj. Thomas Magnuson, CEO of Magnuson Hotels, expressed pride in their collaborative efforts towards sustainable growth. This property not only represents the fourth joint venture but also reflects a shared vision for innovation in the hospitality sector.
Hotel Features and Amenities
Wafer 450’s design and name pay homage to the semiconductor industry’s significant contributions to global technological advancements, particularly highlighting the 450mm wafer developed in Silicon Valley. Guests can enjoy top-tier amenities including high-speed Wi-Fi, flat-screen TVs, and complimentary parking, ensuring a comfortable and connected stay.
Partnership Goals and Achievements
Hiten Suraj, the owner of Stay Cal Hospitality, praised the partnership with Magnuson Hotels for their understanding of the owner’s perspective and effective revenue strategies. This collaboration has proven beneficial, with Magnuson Hotels’ Independent Collection witnessing an impressive average RevPAR (Revenue Per Available Room) growth of 29.8% per year over the past five years. This growth starkly contrasts with the USA STR average of 1.7%, showcasing the strategic and operational excellence of the partnership.
Wafer 450 at a Glance
| Feature | Detail |
|---|---|
| Location | Santa Clara, less than 3 miles from San Jose International Airport and Levi’s Stadium |
| Rooms | 31 |
| Attractions Nearby | California’s Great America, Intel Museum, Mission Santa Clara De Asís |
| Amenities | High-speed Wi-Fi, flat-screen TVs, free parking |
| Partnership | Fourth property with Magnuson Hotels, launched in association with Stay Cal Hospitality |
| RevPAR Growth | 29.8% per year over the past five years |
In conclusion, the addition of Wafer 450 to Magnuson Hotels’ Independent Collection underscores the company’s commitment to growth, innovation, and strategic partnerships. This collaboration not only expands their portfolio but also reinforces their position in the competitive California hospitality market.
King Executive Room at Wafer 450, a member of Magnuson Hotels Independent Collection.
About Magnuson Hotels
Magnuson Hotels has championed the cause of fair franchising for hotel owners since its inception in 2003, helping over 2000 hotels in the USA and UK succeed against some of the biggest brands in the hospitality industry. The group offers three brands for affiliation that do not require mandatory renovations and procurements, long-term contracts, or excessive commissions. Magnuson Hotels offers hotels a platform to achieve a non-seasonal 52-week occupancy strategy with comprehensive human support and an OTA-alternative distribution.
