In this work, the Honduras Mahogany (Swietenia macropnylla King, SMK) seed husk was used as a novel biomass resource for producing activated carbon by physical activation. The texture characteristics and chemical characterization of resulting products were investigated in correlation with the process parameters. Based on the thermochemical properties of the SMK biomass, the process conditions were set to a rate of about 10 °C/min under nitrogen (N2) flow of 500 cm3/min heated to 500 °C, then switched to carbon dioxide (CO2) flow of 100 cm3/min in the specified activation conditions (i.e., temperature of 700–850 °C for holding times of 0–60 min). Our findings showed that the texture characteristics (i.e., surface area and pore volume) increased with an activation temperature increase from 700 to 800 °C for a holding time of 30 min but gradually decreased as the temperature increased thereafter. Similarly, the texture characteristics also indicated an increasing trend with the residence time extending from 0 min to 30 min but slightly decreased as the time was extended to 60 min. Therefore, the optimal activation conditions for producing SMK-based activated carbon should be set at 800 °C for a holding time of 30 min to obtain the maximal texture characteristics (i.e., BET surface area of 966 m2/g and total pore volume of 0.43 cm3/g). On the other hand, the chemical characteristics were analyzed by energy dispersive X-ray spectroscopy (EDS) and Fourier Transform infrared spectroscopy (FTIR), showing oxygen complexes contained on the hydrophilic surface of the resulting activated carbon.