Magnuson Hotels adds 100 new hotels/activations in 30 days.
December 17, 2008
SPOKANE, WA– Magnuson Hotels, the world’s largest independent hotel group, announced today a record 100 new hotels/activations in a recent 30-day period.
As US hotel occupancy has fallen 22.6% in November over 2007, Magnuson Hotels reports a 42% revenue growth over 2007.
Founded as a low-cost alternative to hotel chains such as Best Western, Choice, Holiday Inn, and Ramada, Spokane WA based Magnuson Hotels has become the world’s largest independent hotel group in only six years, and is quickly nearing the 1000 hotel mark. Magnuson Hotels is distinguished with a personal approach to service and a fee structure based upon reservations delivered without traditional high brand royalty fees and long-term contracts.
“Magnuson Hotels’ strategy for nearly 1000 affiliates is to grow market share in every city in 2009 with expanded distribution and a low-cost structure passed along to hotel owners. When owners remove rising franchise and brand fees, significant profitability instantly occurs, no matter what market a hotel operates within,” stated Thomas R. Magnuson, company CEO/Principal.
Magnuson Hotels was recently ranked number 914 on Inc. Magazine’s annual ranking of the 5,000 fastest-growing privately owned US companies. With a three year sales growth of 395%, Magnuson Hotels also ranked number 92 in the top 100 US business services companies. Magnuson Hotels joins past honorees including Microsoft, Oracle, Timberland, Morningstar, Jamba Juice, and Domino’s Pizza.
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.