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Magna Hospitality Group

300 Centerville Road, Suite 300 East
Warwick, RI 02886

Employer Profile

Magna Hospitality Group (“Magna”) is a vertically integrated private equity fund focused exclusively on the hospitality industry. Magna was formed in 1998 and has over $4.0 billion in AUM. Magna is based in Warwick, Rhode Island and owns and/or operates 45 hotels across the country.  Magna and its affiliates have over 70 corporate professionals specializing in every discipline, including investment, finance, legal, hotel operations, sales and marketing, revenue management, hotel accounting, human resources, and construction.  Magna Capital Management (“MCM”) is the investment company responsible for fund raising, investment, and management of the Magna’s family of funds.  MCM recently raised and is currently deploying its seventh discretionary equity fund, Magna Hotel Fund VII LP, a $355 million fund.

Culture

Magna Hospitality Group is managed by a talented and experienced team of seasoned hospitality professionals with an average of over twenty years of relevant experience.  Each professional on the corporate team is an active investor in Magna Hospitality Group real estate investments.  By virtue of their investment in each hotel, the Magna Hospitality professionals’ interest are in direct alignment with Magna Hospitality Group’s broader investment base.  This investment structure provides Magna Hospitality Group professionals with a vested interest not only in the “gross operating profit” or “net operating income” of each hotel, but more importantly, the value creation as a result of said cash flow.

Magna Hospitality Group’s culture is expressed through T.E.A.M. – Together Everyone Achieves More. TEAM encourages individuals to succeed as part of a team and be less concerned with themselves as individuals.  Only by contributing to the Team’s success will an individual provide herself or himself with the opportunity for personal growth, development, advancement, and financial reward.  The TEAM culture is an integral component of Magna’s success and it extends from Magna’s Leadership Committee through every Team member at their properties.  The TEAM culture ensures that if all team members (both corporate and property level) achieve personal advancement and financial gain, their hotel investments will be successful, and investors’ expectations will be realized.

Maintaining the TEAM culture is all about hiring the right people, both at the corporate level and the hotel level.  Once hired, each corporate member is provided with an incentive plan carefully designed to enable them to create personal wealth, but only where true value and return on investment is generated for the investment group.

Dedication to this culture has enabled Magna Hospitality Group to add value to all its investments, to provide superior returns to its investors, and to create personal advancement for all its professionals and team members, all while delivering an excellent experience to guests that exceeds their expectations.

About this Employer

Magna Hospitality Group

300 Centerville Road, Suite 300 East
Warwick, RI 02886

Management Company

www.magnahospitality.com