Ex-Westerns lead 300 hotel wave to Magnuson.
September 6, 2007
Spokane, WA-Hotel owners seeking relief from financially crushing big-brand renovation demands are finding new profits with Magnuson Hotels’ low cost franchise alternative.
Magnuson Hotels, the world’s largest independent hotel group, announced today signing a record number of 300 new hotel affiliate agreements within the last year. Magnuson Hotels adds that the fastest growing segment of the 300 hotel wave is its Ex-Westerns, former Best Western owners seeking independence from the increasing costs of major brand association.
“US and Canadian hotel owners today are faced with higher operational costs and lowered occupancy from overbuilding. Most hotels have already cut costs to the bone, so there is no way owners can absorb big brand renovation demands which often can often run over $250,000 even for a smaller property. Then when you add smaller brand costs such as $1500 re-inspection fees, owners hit the wall financially,” stated company Principal/CEO Thomas R. Magnuson.
Wes Beal, owner of the Parkwood Inn-Brunswick ME says, “It’s plain and simple; we don’t need Best Western anymore. We are making more money backed by Magnuson Hotels. We’ve reduced operating costs, and outperformed what we did as a Best Western. Now, we run our own show and pay based upon performance.”
In addition to providing low cost access to the world’s largest full service GDS/Internet reservation system, Magnuson Hotels has helped owners increase occupancy and reduce costs with the strength of its key strategic alliances. These include free Smith Travel Research local benchmark reports, group purchasing benefits from HomeDepot Supply, Visa/MasterCard processing fees from 1.65% through ChasePaymentech, Haven Trust Bank “no franchise loans” and Ageless Care low cost nationwide health insurance.
About Magnuson Hotels, the fastest growing hotel chain in history.
In only seven years, Magnuson Hotels headquartered in Spokane, WA has become the world’s largest independent hotel group, representing nearly 1500 hotels and a combined affiliate base with assets in excess of $5.5 Billion. One of the top 10 global hotel chains, Magnuson Hotels was the #1 Hotel Company of Inc. Magazine’s 2009 annual ranking of the 5,000 fastest growing privately owned U.S. companies. With a four year reservation sales growth of 595%, Magnuson Hotels is listed in the top 100 U.S. business services companies.
For more information, contact: