Frontera Hotel Group added two hotels in Denton, Texas, to its portfolio of managed properties: an 88-room, four-story LaQuinta Inn & Suites, and a 92-room, four-story Holiday Inn Express Hotel & Suites. Denton is located on the northern edge of the Dallas-Fort Worth metroplex, approximately 25 miles from DFW International Airport.
Both properties recently underwent renovations and were acquired on July 1 by Angel Hospitality in Frisco, Texas.
“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,” explains Frontera’s President and CEO Peter Bheda.
“Currently, we are aggressively -- but responsibly -- exploring additional ownership and management opportunities at midscale and upscale limited service hotels in the United States, Mexico, and the Caribbean.”
Dallas-based Frontera, which was formed in 2013, now manages 12 hotels in Texas, Georgia, Wisconsin, and California that together are valued at more than $100 million. The company has ownership in two of the properties.