Malik named Magnuson CEO, founder Thomas Magnuson stepping away
Magnuson Hotels oversees more than 2000 hotels in North America and Europe
By Vishnu Rageev RDec 21, 2023
ADNAN MALIK HAS been named the new CEO of Magnuson Hotels, moving from his prior role as chief revenue officer. Company co-founder Thomas Magnuson, who held the position of CEO for 21 years, is stepping away, while co-founder Melissa Magnuson, the current chairman of the company, will continue in her role, Magnuson said in a statement.
“It has been an incredible journey leading Magnuson Hotels for the past 21 years,” said Thomas Magnuson. “I am immensely proud of what we’ve achieved together as a team. As I step down from the CEO position, I’m filled with gratitude for the experiences, challenges and growth we’ve embraced, and for the people I have met along this path. I am confident in the talented individuals who will continue to drive Magnuson Hotels towards even greater success.”
During his time as CEO, Thomas Magnuson spurred a global fair franchising movement, leading to ongoing legislation in the U.S. to protect hotel owners, the company said. Malik said that he is honored and excited to lead Magnuson Hotels into its next phase.
“Under Thomas’s exceptional leadership, the brand has flourished, and I am committed to building upon this strong foundation by driving innovation. We will continue our commitment to deliver results for hotel owners and exceed expectations of hotel guests,” Malik said.
Malik assumed the role of portfolio revenue manager with Magnuson in 2018, following assignments in London at Guoman Hotels, Wyndham Grand Chelsea Harbour, Doyle Collection, Royal Thames Yacht Club and Strand Palace Hotel, Dorsett.
“We all take tremendous pride in what Magnuson Hotels has achieved under Thomas’s CEO tenure,” Melissa Magnuson said. “With Adnan’s appointment, we are confident in his ability to lead the company towards continued growth and success, maintaining our commitment to excellence.”
Founded in 2003, Magnuson Hotels presently manages a portfolio of more than 2000 hotels across North America and Europe under the Magnuson Independent Hotel Group and Magnuson Hotels Fair Franchise Brand.
In February, Magnuson expanded its Magnuson Independent Collection with the addition of Studios & Suites 4 Less Charlotte in North Carolina. This marked the sixth hotel joined by owner Ray Patel in the Independent Collection.
Sonesta launched Americas Best Value Studios, an extended-stay version of ABVI.
The model targets owners seeking limited front desk and housekeeping.
The brand meets demand for longer-term, value-focused stays.
SONESTA INTERNATIONAL HOTELS Corp. launched Americas Best Value Studios by Sonesta, an extended-stay version of its franchised brand, Americas Best Value Inn. The model targets owners seeking limited front desk and housekeeping, optional fitness center and lobby market along with standard brand requirements.
The brand aims to address the growing demand for longer-term, value-driven accommodations, Sonesta said in a statement.
"Americas Best Value Studios by Sonesta represents a strategic evolution of our trusted Americas Best Value Inn brand," Keith Pierce, Sonesta’s executive vice president and president of franchise development, said. "We are expanding our offerings to directly address the increasing demand within the extended-stay segment, providing a practical solution for travelers seeking longer-term lodging at value. This new brand type allows our local franchised owner-operators to tap into a growing market while maintaining the community-focused experience that Americas Best Value Inn is known for."
ABVI has a majority presence in secondary and tertiary markets, the statement said.
The extended-stay brand’s operational model features a front desk, bi-weekly housekeeping, on-site laundry and pet-friendly accommodations, Sonesta said. Guests can also earn or redeem points through the Sonesta Travel Pass loyalty program.
In August, Sonesta named Stayntouch its preferred property management system after a two-year review of its ability to support the company’s franchise model. The company operates more than 1,100 properties with more than 100,000 rooms across 13 brands on three continents.
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