About ICON Lodging
We Focus on creating Shareholder Value for our partners and investors
ICON Lodging was formed by the creation of combining many family owned and operated hotels, whose roots date back to the 1980’s. ICON Lodging’s success is due in great part to the company’s hands-on approach. Their grassroots beginnings of living and working in a mom and pop hotel with their families has provided a tremendous foundation of core values for the companies ongoing success and future growth.
Mission & Vision
Our Mission at ICON Lodging is to maintain a highly respected hotel company while enhancing and growing our reputation by providing a superior guest experience. At ICON Lodging, we turn our vision into reality, one decision at a time.
Our long-term growth strategy is to expand our portfolio of hotels at an aggressive steady pace during not only robust economic cycles but more importantly during turbulent economic cycles. We feel this can be achieved by capitalizing on favorable market conditions, sound acquisition and development criteria, and great franchise partners who are ready to help make our vision a reality.
Our Executive Team
As a Managing Partner of ICON Lodging, Mr. Patel is actively involved in the development, construction, and management of the company’s limited-service hotels. His hands-on approach provides a competitive advantage contributing to the company’s reputation for exceeding expectations on each hotel project. Throughout his career, Mr. Patel has developed many nationally recognized hotel properties under the Marriott, Hilton, Best Western and La Quinta franchises. Since starting ICON Lodging, Mr. Patel has developed and constructed 21 limited-service hotels throughout Texas, Arkansas, and Louisiana. In addition to these newly constructed hotels, Mr. Patel has purchased and renovated 6 limited-service hotels throughout Texas and Louisiana.
Mr. Patel is a graduate of the University of Texas at Austin where he completed his degree in Finance.
Nimesh R. Patel
Nimesh Patel has over 16 years of hotel industry experience and serves as ICON Lodging’s Chief architect of hotel acquisitions, development, dispositions, and deal structuring. Attention to detail, astute ability to find value within deals, and key relationships with hotel industry partners are the key to ICON Lodging’s value proposition. During his tenure, Nimesh has helped finance more than $150 million in hotel assets and has been involved in the company’s purchase and renovation of more than $50 million in hotel projects.
Mr. Patel is a graduate of Southern Methodist University (SMU) located in Dallas, Texas where he earned his Bachelor of Science degree in Finance.
Vice President of Operations
Over the years he has adapted to the rapid changes within the hospitality industry and embraced those changes to keep ICON Lodging hotels running with exceptional efficiency.
Jessica brings over 20 years of accounting experience to the ICON Lodging team. She has a BBA in Accounting from Kennesaw State University. Jessica started her hospitality career with Suburban Lodges of America, Inc and was part of the accounting team during the IPO and two additional stock offerings. During her tenure at Suburban she was promoted from staff accountant to accounting manager. Jessica was Vice President of Accounting for Columbia Hospitality Management, Inc for six years. During her time at Columbia she built and managed a finely tuned accounting department that improved productivity, individual accountability and team morale.
Jessica’s vast experience and expertise assists the ICON Lodging team to have essential data at their fingertips at all times in order to make time sensitive decisions to ensure the success of their hotel projects.
About the company
Laser Focused is simply the best way to describe ICON Lodging‘s commitment to creating value, delivering projects on-time, and maintaining a high level of profitability for our hotel projects. The secret to our success is actually not a secret at all, it is a conscientious effort to continually build on the core values developed early on as a family business. As our Mission & Vision evolved to growing into one of the top hotel companies in the nation we were able to keep those core values intact. Icon understands that with every project completed or every guest room rented, our clients and hotels guests can appreciate the way we deliver true hospitality.
Future and Growth, while embracing our core values we continually focus on accomplishing calculated yet aggressive growth. This vision has allowed us to carefully plan around both macro and micro economic cycles to keep the growth trajectory steady. Our future plans include strategically planning our growth with our key franchise partners to enter into high-barrier to entry markets both regionally and nationally. We have also developed key partnerships with capital both on the equity and debt sides to make our projects a win-win-win for all parties involved.