Frontera Hotel Group Adds to Managed Portfolio
Wednesday July 2nd, 2014 - 9:54AM OEM
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DENTON, TX—Frontera Hotel Group added two hotels here to its portfolio of managed properties: an 88-room, four-story La Quinta Inn & Suites and a 92-room, four-story Holiday Inn Express Hotel & Suites.
Both properties recently underwent extensive renovations and were acquired on July 1, 2014 by Angel Hospitality Inc., in Frisco, TX.
“We focus on three simple, but essential goals: to maximize revenue and to minimize costs, and in the process, to increase the value of properties for owners,” stated Frontera’s President/CEO Peter Bheda. “Currently, we are aggressively but responsibly exploring additional ownership and management opportunities at midscale and upscale limited-service hotels in the U.S., Mexico and the Caribbean.”
Dallas-based Frontera now manages 12 hotels in Texas, Georgia, Wisconsin and California, with ownership in two of the properties.
Tags: Frontera Hotel Group • Denton • TX • Hospitality • Acquisitions • Operational • Management Companies •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.