Texas hotel owner adds a second property to Magnuson Hotels Independent Collection
Spokane WA USA/London UK - Magnuson Hotels announces the Regency Inn Hondo as the latest addition to the Magnuson Hotels Independent Collection portfolio. This complements the group’s strategic growth plans to onboard distinctive hotels offering exceptional value in key cities across the country.
Regency Inn Hondo is located along Highway 90 and only 3.8 miles from South Texas Regional Airport. Tourist attractions within a 3-mile radius include Medina County Museum and South Texas Maize. The hotel caters to business and leisure travelers alike with comfortable in-room amenities, free Wi-Fi, on-location parking, and an outdoor pool. The hotel also offers convenient kitchenette rooms for extended stays, designed for out-of-town visitors such as those attending Southwest Texas Junior College or South Texas Regional Training Center as well as seasonal guests attending Cowboy Country Roundup or Wild Game Festival.
Regency Inn Hondo is the second hotel added to the Magnuson Hotels Independent Collection by owner Mitesh Patel of Hondo, Texas who also owns the Executive Inn in the area.
We appreciate our long-standing relationship with Mitesh and his team and we will continue to accelerate value creation for them states company CEO Thomas Magnuson.
Mitesh Patel comments on the business relationship with Magnuson Hotels by saying,
I was really impressed by the Magnuson Hotels team’s expertise and assistance over the last 6 years. It is great to have a partner who understands your perspective and is dedicated to maximizing your hotel’s revenue potential.
The hotel has been contracted under Magnuson Hotels’ Fair Franchising framework that includes no PIPs, no procurement mandates, and a fair and transparent fee structure.
The Magnuson Hotels Independent Collection has now seen an average RevPAR growth of 29.8% per year over the past 5 years, compared to the USA STR average of 1.7%.
About Magnuson Hotels
Magnuson Hotels has championed the cause of fair franchising for hotel owners since its inception in 2003, helping over 2000 hotels in the USA and UK succeed against some of the biggest brands in the hospitality industry. The group offers affiliation with brands that do not require mandatory renovations and procurements, long-term contracts, or excessive commissions, as well as representation as part of Magnuson Independent Group. The Magnuson Hotels platform achieves a non-seasonal 52-week occupancy strategy with comprehensive human support and an OTA-alternative distribution.