Magnuson Hotels has appointed Adnan Malik as its new CEO. Thomas Magnuson, after 21 years as CEO, will transition to a “new chapter,” according to the company. Malik previously served as chief revenue officer.
Cofounder Melissa Magnuson, the company’s chairman, will continue in her role.
“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.”
Malik added, “I am 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.”
Melissa Magnuson added, “We all take tremendous pride in what Magnuson Hotels has achieved under Thomas’s CEO tenure. With Adnan’s appointment, we are confident in his ability to lead the company towards continued growth and success, maintaining our commitment to excellence.”