Inc. Magazine ranks Magnuson Hotels #1 Hotel Company of America’s 5,000 Fastest-Growing Private Companies.
Inc. Magazine today ranked franchise-alternative Magnuson Hotels, the world’s largest independent hotel group, the number 1 hotel company on its exclusive annual ranking of the 5,000 fastest-growing private companies in the country.
The 2009 Inc. 5000, unveiled today on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The entrepreneurs of the Inc. 5000 are responsible for creating more than 1 million jobs since their founding.
With a four- year sales growth of 595%, Magnuson Hotels also ranked number 9 in total travel industries and in the top 100 Inc. 5000 companies by revenue, gross dollars of growth, and companies that are women-owned. Magnuson Hotels joins past honorees including Microsoft, Oracle, Timberland, Morningstar, Jamba Juice, Domino’s Pizza, Vizio and internet giant GoDaddy.”Magnuson Hotels is successful only if our owners make money,” stated Thomas R. Magnuson, company CEO/Principal. “While traditional chains such as Holiday Inn or Best Western receive brand fees regardless of performance, we don’t get paid unless we generate reservations for our owners. Year to date, Magnuson Hotels reservation revenue has climbed 24% against the worst occupancy crash in history.”
“Magnuson Hotels' recognition as the #1 hotel company of the Inc. 5000 fastest-growing private companies validates the shift from an industry controlled by high cost franchise chains to one powered by hotel owners,” stated Melissa C. Magnuson, company CEO/Principal.
“Magnuson Hotels is proud to have pioneered the concept of low cost access for hotel owners to worldwide reservation systems previously controlled by major chains at high prices. We sincerely thank our employees, who have joined with us to provide hotel owners with a fair owner-based system. Without the support and success of several hundred hotel owners across the US and Canada, we would not exist,” added Melissa Magnuson, company CEO/Principal.
About Magnuson Hotels, the fastest growing hotel chain in history. | In only six years, Magnuson Hotels headquartered in Spokane, WA, has become the world’s largest independent hotel group, as well as the fastest growing hotel chain in history. With a current affiliate base representing aggregate assets in excess of $4.5 billion, Magnuson Hotels has recently added more affiliate hotels with its low-cost franchise alternative than 8 out of the top 10 branded hotel chains combined including Best Western, Days Inn, Super 8 and Ramada.
In addition to providing low-cost access to the world’s largest reservation system, Magnuson Hotels offers complete brand representation in all major markets and market segments without the costs & requirements of franchise brand affiliation.
Thomas Magnuson
Chief Executive Officer
+1 509 994 2048
Magnuson Hotels
