Magna was co-founded by Robert A. Indeglia, Jr. in July 1998, and is a privately held hotel real estate investment firm that is dedicated exclusively to hospitality investment, development, and management. Magna is based in Warwick, Rhode Island.
Magna currently has over 30 corporate professionals specializing in every discipline, including investment, finance, legal, hotel operations, sales and marketing, hotel accounting, human resources, engineering, interior design, and construction.
Magna owns and/or operates more than 20 hotels with over 4,500 rooms and employs 1,500 employees across its portfolio of hotels. Throughout its history, Magna has owned or operated hotels in virtually every region of the United States, as well as Canada. Magna owns, operates, and/or is approved to operate national franchise brands with Hilton, Marriott, Hyatt, Starwood, and Intercontinental Hotel Group.
Today, Magna continues to focus on investment opportunities in urban centers and heavy in-fill suburban markets. With over $1 billion in hotel real estate under management and development, Magna has created a premiere hotel portfolio that has consistently produced returns in excess of its investors’ expectations, and is poised to continue to grow its portfolio.