Prakash Maggan, an Indian American hotelier and Principal & CFO of Rainmaker Hospitality, has been appointed Chair of the IHG Owners Association Global Board for 2026.
The IHG Owners Association, which represents the interests of over 5,000 owners of IHG Hotels & Resorts properties worldwide, has announced the appointment of Prakash Maggan as Chair of its Global Board of Directors for 2026. Maggan, who is also the Principal and CFO of Rainmaker Hospitality, brings a wealth of experience to this leadership role.
According to a news release from the Atlanta-based association, Maggan’s unique combination of financial discipline, operational expertise, and extensive involvement with the Association positions him well to guide key initiatives and advocacy efforts throughout the year.
The IHG Owners Association plays a crucial role in enhancing the returns on investment for its members by advocating on their behalf to IHG leadership regarding standards and initiatives that impact hotel operations and address broader challenges within the hospitality industry.
Maggan, a second-generation hotelier, credits his entrepreneurial roots and leadership style to his family’s background in the industry. He earned a degree in accounting from Transylvania University before pursuing legal studies at the University of Dayton School of Law. This educational foundation has been instrumental in shaping his strategic approach to managing and expanding his diverse hospitality portfolio.
Under his leadership, Rainmaker Hospitality has experienced significant growth, expanding from eight to 29 hotels across two states and employing a team of over 600 individuals. Maggan emphasizes the importance of collaboration and practical solutions in navigating the rapidly evolving hospitality landscape. “Hotel owners today are navigating a rapidly evolving environment, and the Association plays an important role in helping them stay competitive and informed,” he stated. “I’m looking forward to working closely with our members and IHG Hotels & Resorts to advance Strategic Plan initiatives that support long-term performance and growth for our hotels.”
Maggan has held several key volunteer positions within the Association, including serving on the Board since 2024, chairing the Technology Committee, and acting as vice chair of the Americas Regional Council. His contributions have been recognized as vital to the organization’s mission.
Steve Sickel, the newly appointed CEO of the IHG Owners Association, expressed confidence in Maggan’s leadership as he transitions into his own role. “Prakash brings a grounded, owner-focused perspective to the table,” Sickel remarked. “His operational understanding and strategic insight will be invaluable as we continue shaping the Association’s priorities and programs. I’m very much looking forward to working with him.”
In addition to his role in the hospitality sector, Maggan is active in his community. He serves on the Board of Trustees at Transylvania University and has volunteered with various local organizations, including the Kentucky Travel Industry Association and Providence Montessori.
The IHG Owners Association also announced its 2026 Global Board of Directors, which includes five Indian Americans: Asad Malik, Chair Elect & AMER Member at Large; Manish Patel, Secretary & AMER Regional Representative; Dhaval Brahmbhatt, AMER Member at Large; Shazma Charania, AMER Member at Large; and Ketan Patel, AMER Member at Large.
This new leadership structure aims to enhance the Association’s effectiveness in advocating for hotel owners and addressing the challenges they face in the hospitality industry, ensuring a strong future for IHG Hotels & Resorts.
For further details, refer to the original announcement from the IHG Owners Association.