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Midas Hospitality

Midas Hospitality Raises $35 Million For Opportunity Zone Fund

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In only four months, Midas Hospitality – a leading hotel development, management and investment firm – raised $35 million mainly from St. Louis area investors for its Midas Opportunity Zone Fund.

Midas Hospitality’s newest project brings the first hotels to the St. Louis’ Cortex innovation district and Prospect Yards community.  The 129-room Aloft and a 152-room Element hotel are currently under construction and slated to open in 2020.  MC Hotel Construction, a sister company to Midas Hospitality, is the general contractor for both hotels.

Aloft is located at 4239 Duncan Ave., and the Element is at 3763 Forest Park Ave.  The hotels will target transient and extended stay customers for the thriving area that includes Aon, Boeing, Microsoft and Square among its tenants.  Barnes-Jewish Medical Center, Saint Louis University, SSM Health, and Washington University St. Louis are also conveniently located nearby.

The Tax Cuts and Jobs Act (TCJA) recently created a new law which provides tax incentives for Opportunity Fund investments like Midas Hospitality’s Cortex undertaking.  While this was an added tax benefit for the project, Midas had already committed to the hotel construction prior to this tax change announcement.

“The success and excitement building in and around the Cortex, as well as the need for these attractive hotels in that area, were a huge draw for our prestigious list of investors,” said Midas Hospitality’s Co-Founder J.T. Norville.  “The significant tax benefits afforded by the recent legislation changes have been the icing on the cake, and we couldn’t be prouder that St. Louis is realizing the advantages of this new opportunity.”.

Founded in 2006, Midas Hospitality specializes in the development, management and investment of award-winning hotel properties across the U.S.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com

MC Hotel Construction, which is also located at 1804 Borman Circle Dr. in Maryland Heights, Mo., specializes in hotel construction and renovations with projects underway across multiple states.  MC Hotel Construction builds for leading brands such as Hilton, Marriott, and IHG.  For more information, call (314) 339-6600 or visit http://www.mchotelconstruction.com.

St. Louis, MO-Based Midas Hospitality Opens Third Hotel in Charlotte, NC

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Midas Hospitality – a leading hotel development, management and investment firm – recently opened its third Marriott property in Charlotte, NC.  Located at 5110 Trojan Dr., the 119-room Residence Inn by Marriott is a four-story, 82,000square-foot hotel.

The Residence Inn Charlotte Steele Creek has studio, one-bedroom and two-bedroom suites.  The hotel features an outdoor swimming pool, patio with barbecue grill, fitness center, meeting room, and business library.  Located in the Steele Creek Business Park next to the Charlotte Premium Outlets, the hotel is conveniently located seven miles from Charlotte Douglas International Airport.

The hotel will be managed by Midas Hospitality with Henry Schmidlin as General Manager and Sue Wing as Director of Sales.  Schmidlin previously served as the Assistant General Manager at another Midas Hospitality-operated hotel, the Residence Inn and Fairfield Inn & Suites located at 2220 W. Tyvola Rd.

The Residence Inn was built by Midas’ sister company MC Hotel Construction, a general contractor specializing in new hotel construction and renovations.  Steele Creek Hotel Holdings, LLC is the owner of the property.

“Charlotte is a fast-growing metropolitan area with a strong business climate and sense of community,” said David Robert, Midas Hospitality’s CEO and Co-Founder.  “It is the perfect environment for vacationing guests and corporate visitors, and we look forward to continuing to serve the region at our newest property.”  Robert added that his company will open two more properties in the Charlotte area within the next year.

Founded in 2006, Midas Hospitality specializes in the development, management and investment of award-winning hotel properties across the U.S.  The firm focuses on select-service and extended-stay experiences for global brands including Hilton, Marriott, and IHG.  Midas’ headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com.

 

Midas Hospitality Receives Prestigious Awards from Marriott International

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St. Louis hotelier’s Residence Inn portfolio is nation’s only recipient of guest satisfaction award 

Marriott International recently honored Midas Hospitality – a premier hotel development, management and investment firm – with the distinguished Partnership Circle Award, which is the highest honor that Marriott presents for hospitality excellence.

In addition to the Partnership Circle Award, Midas also received the Guest Satisfaction Excellence Award for Marriott’s Residence Inn brand.  Marriott only presents one award per hotel brand, and Midas’ Residence Inn portfolio – which includes two hotels in Charlotte, N.C. and two in St. Louis, Mo. – was selected as the top ranked group in the country.

The Partnership Circle Award honors companies that live by Marriott’s vision, share a mutual long-term commitment, fully embrace Marriott’s brand initiatives, focus on employees to create a well-managed and engaged workforce, invest in hotel product, and provide outstanding customer service. According to Marriott, being awarded the Partnership Circle Award is a testament to Midas’ dedication to its guests, associates and to upholding the distinguished values that were created by J.W. Marriott many years ago.

“The Partnership Circle Award represents all that we as an organization strive to achieve in terms of excellent customer service and brand distinction,” said David Robert, Midas Hospitality’s CEO and Managing Member.  “We graciously accept this recognition on behalf of our entire team, which is truly responsible for the award and all that it represents to us.”  Robert added that the Residence Inn award “is yet another win for our company and our continuous quest to guarantee the finest experience at each and every property we manage.”

Photo Above: Pictured from left to right are Midas Hospitality’s CEO and Managing Member David Robert and VP Development and Construction Chris Shinkle.

Founded in 2006, Midas Hospitality specializes in the development, management and investment of award-winning hotel properties across the U.S.  The firm focuses on select-service and extended-stay experiences for global brands including Hilton, Marriott, and IHG.  Midas’ headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com.

 

Midas Hospitality Opens Dual-Branded Marriott Hotel in Missouri

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While Midas Hospitality has multiple hotels in 14 states throughout the country, the latest property – its 15th in Missouri – was built practically in its very own backyard.

The dual-branded Residence Inn and Courtyard by Marriott will open its doors Oct. 26 at 12815 Daylight Dr. in West County.  The four-story, 136,000-square foot hotel is located at Manchester Rd. and I-270.  The hotels were developed and are owned by the Roberts’ families, principals of Commercial Development Company, Inc., who have owned the former quarry property for more than 25 years.

The 101-room Residence Inn and the 110-room Courtyard by Marriott will be managed by premier hotel management group Midas Hospitality.  Jim Will, who has 26 years of hospitality experience, was named the General Manager for both hotels.

The property was built by Midas’ sister company MC Hotel Construction, a general contractor specializing in new hotel construction and renovations.  The dual-branded hotel features a state-of-the-art fitness center, indoor pool, meeting rooms, and outdoor gathering spaces with gas-burning fire pits.  The Courtyard Bistro features a wide variety of dining options from convenient fast food to upscale dining.

“We are proud to open our 15th hotel development in our very own state,” said David Robert, Midas Hospitality’s CEO and Managing Member.  “This property is conveniently located in the heart of West County and has easy access to everything from entertainment and shopping to historic landmarks and business districts.”

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 40 hotels in 14 states. The company serves global brands including Hilton, IHG, Marriott, and Starwood.  Midas Hospitality’s headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com.

MC Hotel Construction, which is also located at 1804 Borman Circle Dr. in Maryland Heights, Mo., specializes in hotel construction and renovations with projects currently underway in six states.  MC Hotel Construction builds for leading brands such as Hilton, Marriott, IHG, Starwood, and Legacy Suites.  For more information, call (314) 339-6600 or visit http://www.mchotelconstruction.com.

Midas Hospitality Opens First Newly Built Brooklyn Park, MN Hotel in 20 Years

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St. Louis hotelier to complete area’s second new hotel later this year 

Two hotels are better than one, especially when an area hasn’t experienced new hotel construction since 1998.

Enter Midas Hospitality, a premier hotel management group, which is the owner and manager of the recently opened 100-room Hampton Inn Brooklyn Park.  The hotel is part of a $28 million development that includes a 107-room Home2 Suites which will open later this year.

The 52,000-square-foot Hampton Inn is located at 9470 W. Broadway in Brooklyn Park, MN across from Target’s Corporate North Campus.  The hotel features an indoor pool, meeting room, and fitness area.  It is only 20 miles from Downtown Minneapolis and the home of Mall of America and the Shoppes at Arbor Lakes, as well as 30 minutes from Minneapolis-St. Paul International Airport.  Brooklyn Park has 47 miles of trails and 67 parks including the Rush Creek Regional Trail and the northern section of the Palmer Lake Park.

Midas Hospitality will manage the hotel that was built by sister company MC Hotel Construction, a general contractor specializing in new hotel construction.  Midas Development provided all hotel development services from site selection to opening day, with  Gray Design as the architecture firm.  All four companies are headquartered in St. Louis, MO.

“This is our company’s first hotel property development in Minnesota, and we feel confident that our Hilton dual-branded concept hotels will accommodate the requirements of all our guests,” David Robert, Midas Hospitality’s CEO and Managing Member.  “Brooklyn Park is the perfect location to experience everything from extensive shopping to outdoor adventures, and we look forward to serving the area’s growing needs with both of our new hotels for many years to come.”

“Minneapolis Northwest Tourism is excited to have the Hampton Inn property open in our market along with Home2 Suites scheduled for the near future,” said Minneapolis Northwest Tourism’s Director of Business Development Josh Anderson.  “They both will be a great asset and help drive the economic impact in the Brooklyn Park area.”  Anderson added that the hotel’s location is “in an underserved area off of Highway 610 so corporate, sports and business travelers will now benefit from these conveniently accessible properties.”

Midas Hospitality

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 40 hotels in 14 states.  The company serves global brands including Hilton, IHG, Marriott, and Starwood.  Midas Hospitality’s headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com.

Midas Development

Midas Development provides a full suite of hospitality-focused services for new construction and renovations including interior design, procurement, and project management.  Midas Development provides clients with a turn-key solution for cyclical renovations and property improvement plans.

MC Hotel Construction

MC Hotel Construction, which is also located at 1804 Borman Circle Dr. in Maryland Heights, Mo., specializes in hotel construction and renovations with projects currently underway in six states.  MC Hotel Construction builds for leading brands such as Hilton, Marriott, IHG, Starwood, and Legacy Suites.  For more information, call (314) 339-6600 or visit http://www.mchotelconstruction.com.

 

Midas Hospitality Opens Hampton Inn by Hilton Sikeston

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A Midas owned and operated Hampton Inn by Hilton recently opened at 1240 Commerce Dr. in Sikeston, MO.  The 57,000-square-foot four-story hotel cost $11 million.

The 92-room hotel, located off Highway 60 and Interstate 55, is just minutes from historic downtown. Hampton Inn by Hilton Sikeston is the third tenant at the new 100-acre Cotton Ridge Development, which will include restaurants, shopping and entertainment including the recently opened eight-screen Malco Sikeston Cinema & Grill.

The hotel features an indoor swimming pool, state-of-the-art fitness center, meeting rooms, a 24-hour Treats Shop and business center.  Guests also receive a complimentary breakfast.

Midas Hospitality, a premier hotel management group, will manage the hotel that was built by sister company MC Hotel Construction, a general contractor specializing in new hotel construction.  Sister company Midas Development handled all interior design and procurement, and Gray Design was the architecture firm.  All four companies are headquartered in St. Louis, MO.  Bank of Missouri financed the project.

“Our new development is located at the very visible and accessible intersections of Highways 61 and 60,” said Mike Bohannon, managing partner of Cotton Ridge Development.  “Hampton Inn is the perfect addition to this community, which will serve shoppers and visitors traveling to our area.  We are very excited to welcome this beautiful hotel to the mix as our third tenant as conversations continue with other restaurants and potential tenants.”

“The Hampton Inn by Hilton is an exciting opportunity for both our company and the Cotton Ridge Development,” said David Robert, CEO and Manager.  “We are happy to bring a second hotel to the community and look forward to creating great experiences for guests staying with us whether for work or play.”

Midas Hospitality

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 40 hotels in 14 states.  The company serves global brands including Hilton, IHG, Marriott, and Starwood.  Midas Hospitality’s headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com.

Midas Development

Midas Development provides a full suite of hospitality-focused services for new construction and renovations including interior design, procurement, and project management.  Midas Development provides clients with a turn-key solution for cyclical renovations and property improvement plans.

MC Hotel Construction

MC Hotel Construction, which is also located at 1804 Borman Circle Dr. in Maryland Heights, Mo., specializes in hotel construction and renovations with projects currently underway in six states.  MC Hotel Construction builds for leading brands such as Hilton, Marriott, IHG, Starwood, and Legacy Suites.  For more information, call (314) 339-6600 or visit http://www.mchotelconstruction.com.

Midas Hospitality Creates New Sister Company Midas Capital

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Midas Hospitality, a premier hotel management group, recently created a sister company called Midas Capital.

The company’s new office, which is located at 63 Wall St. in New York, will be led by Director of Investments Josh Burrell.  Director of Investments Eric Goettelmann will head the St. Louis office, which is located at 1804 Borman Circle in St. Louis and is the headquarters of Midas Hospitality.

Midas Capital will offer investors a new fund vehicle in order to raise money for future hotel acquisitions and developments.  Instead of investing in only one hotel, this new opportunity gives Midas investors greater diversification as the fund targets approximately 10 to 15 hotel projects.  Midas Capital plans to raise up to $100 million by the middle of 2019 with the assistance of approximately 250 investors.  Midas Capital estimates its new fund will allow Midas Hospitality to employ an additional 350 employees across the Midwest and Southeastern states.

Burrell’s responsibilities include strategy development, acquisition due diligence, investor relations, and sector research.  He possesses more than 10 years of investment advisory, capital markets, and acquisition work.  Burrell is a member of the New York Society of Security Analysts and a member of the CFA Institute.  Prior to joining Midas Capital, he served as the Vice President in the Capital Advisory Group for Lazard Asset Management, a global investment banking firm based in New York City.  Burrell previously worked as a senior analyst in both New York and London at Moody’s Investor Services.  He currently serves as a board member on the Gateway Disabled Ski Program and holds FINRA Series 7 and 63 licenses.  He earned his Bachelor of Science in Business Administration (B.S.B.A.) degree with a concentration in finance in the Applied Financial Analysis program from the John Cook School of Business at Saint Louis University.

Goettelmann’s responsibilities include managing equity raises, as well as leading projects and corporate financing initiatives such as modeling and underwriting for new developments and acquisitions, deal structuring, debt procurement, debt management, financial reporting, forecasting, performance analysis, and ensuring Midas Capital and its funds are operating within compliance of the SEC and other regulatory bodies.  He has over 10 years of finance, accounting, business development and acquisition, and consulting experience, which includes serving as Controller for Midas Hospitality.  Prior to joining Midas Hospitality, Goettelmann worked in the assurance services department at a local public accounting firm while co-founding and establishing multiple businesses.  He is a member of Audubon Associates, co-founder of Milk and Honey in Wildwood, Mo., and serves on the board of the Midas Hospitality Family Foundation.  He is currently earning his Master of Business Administration (MBA) degree from the Olin Business School at Washington University in St. Louis and has his Bachelor of Science in Business Administration (B.S.B.A.) degree with a concentration in Accounting from the John Cook School of Business at Saint Louis University.

“Midas Capital offers a new approach to our investors where they can now be involved with multiple hotels and opportunities at one time,” said co-founder and managing member J.T. Norville.  “We are looking at developing a wider diversification of business ventures where we can make the best use of our long-term experience, strong network, and vertically-integrated brand.”

For more information about Midas Capital, call Josh Burrell at (347) 352-4170, Eric Goettelmann at (636) 293-6411, or visit www.midashotelfund.com.

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 40 hotels in 14 states.  The company serves global brands including Hilton, IHG, Marriott, and Starwood.  Midas Hospitality’s headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visithttp://www.midashospitality.com.

Legacy Suites Opens New Hotel In South Carolina Rock Hill’s Extended Stay Hotel Is Only Second One Built In The Country

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Legacy Suites recently opened at 1835 Canterbury Glen Lane in Rock Hill, S.C.  The $11 million 64,000-square-foot hotel is four stories and includes 115 all-suite rooms with fully-equipped kitchens.  This is the second Legacy Suites hotel in the country.  The first one is located in Donaldsonville, La.  A third Legacy Suites, which will have 107 all-suite rooms and cost $11.5 million, will open in the summer of 2018 at 1011 Woodruff Rd. in Greenville, S.C.

General Manager Michael Williams said Rock Hill was selected for Legacy Suites’ second hotel location because “our company wants to support and be a part of the area’s continuous business growth.”

Legacy Suites, which offers modern and spacious studio suites, features an all-inclusive extended stay experience complete with kitchen and full size appliances.  Additional amenities include a gathering room, fitness center, laundry facilities, and a backyard seating area with barbecue grills and a picnic area.

“Legacy Suites are an excellent option for extended stay travelers who are looking for comfort and a wide array of amenities,” said Williams.  “We look forward to joining this community with our newest property, which is perfectly situated in order to accommodate the growing area.”

Midas Hospitality, a premier hotel management group, is managing the hotel.  Sister company MC Hotel Construction, a general contractor specializing in new hotel construction and renovations, built the hotel.

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 40 hotels in 14 states.  The company serves global brands including Hilton, IHG, Marriott, and Starwood.  Midas Hospitality’s headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com.

MC Hotel Construction, which is also located at 1804 Borman Circle Dr., specializes in hotel construction and renovations with projects currently underway in six states.  MC Hotel Construction builds for leading brands such as Hilton, Marriott, IHG, Starwood and

Midas Hospitality Purchases Its First Hotel in Texas

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A St. Louis company is adding a Texas hotel to its expanding portfolio that includes 41 hotels in 14 states.

Midas Hospitality, a premier hotel management group, recently purchased a Staybridge Suites in Houston from Pride Management Inc. of Beaumont, Texas.  The $21.6 million property opened in January of 2017 and is the first hotel the company has acquired in Texas.

Located at 9000 Main St. directly across from NRG Stadium, the 120-room hotel is also conveniently located near the Houston Medical Center.  The property features a variety of amenities including a business center, meeting room, fitness center, outdoor pool, evening reception, and barbeque grills.

“This opportunity fit perfectly with our company’s vision and capabilities,” said Midas Hospitality CEO David Robert.  “Houston is a continuously evolving city, and we have researched this market for many years.  The acquisition happened at the right time and place for us, and we could not be more excited to be a part of this growing community.”

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 41 hotels in 14 states.  The company serves global brands including Hilton, IHG, Marriott, and Starwood.  Midas Hospitality’s headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com.

Midas Hospitality to Bring First Element by Westin to St. Louis

in Homepage Primary/News

A new eco-conscious hotel, which will be built at the home of a long-time area non-profit organization, is coming to St. Louis by 2019.

Owner Midas Forest Park, LLC, a subsidiary of Midas Hospitality, recently bought the current home of Habitat for Humanity Saint Louis (HFHSL) located at 3763 Forest Park Ave.  The 1.5 acre property was purchased for $2.4 million to make way for the $25 million Element by Westin.  Midas Hospitality will lease the non-profit organization space for up to one year while it relocates.

The hotel concept encourages renewal through a nature-influenced environment and is constructed with an efficient use of space and sustainability in mind.  The eight-story, 119,000-square-foot hotel will include 153 extended stay rooms and feature 10,000-square-foot retail space plus a rooftop lounge.

The environmentally-responsible rooms will have oversized windows to allow natural light plus fully-equipped kitchens with spa-inspired bathrooms.  The hotel will have an extensive fitness center, an all-natural saline pool, and a borrow-a-bike program for its guests.  Element will be located directly across from the St. Louis Foundry redevelopment.  It will back up to St. Louis University and be only three blocks from the Cortex Innovation District and one block from Ikea.

Midas Hospitality will manage the hotel.  The builder is MC Hotel Construction, a general contractor specializing in new hotel construction and renovations, which is the sister company of Midas Hospitality.  The architecture firm is Gray Design.  All three companies are based in St. Louis, Mo., and this is the first Element hotel built and managed by these businesses.  Carrolton Bank provided the financing for the acquisition.

“The vibrant midtown area is the perfect place for an environmentally-friendly Element by Westin,” said Midas Hospitality CEO David Robert.  “We are excited to work with this growing community by providing extended stay lodging to the university campuses, innovation district, and medical community.”

“We are delighted with the sale and what it will mean to our much needed work in the community.  As good stewards of our organization’s assets, we were pleased to be able to take advantage of the strong commercial real estate market in the area,” said Habitat for Humanity Saint Louis CEO Kimberly McKinney.  “For up to a year, we will be continuing our important work of building safe and affordable housing for hard working families from our current Forest Park Avenue location.  We look forward to sharing more information in the future on our operations for our city Habitat ReStore, our construction warehouse and our administrative offices in a conveniently relocated space.”

Habitat for Humanity Saint Louis (HFHSL) is a not-for-profit, ecumenical housing ministry working in partnership with individuals and communities of all faiths to improve housing conditions and provide safe, decent and affordable housing in St. Louis City and County.  In addition to a down payment and a mortgage, each HFHSL homebuyer invests 350 sweat-equity volunteer hours into building or rehabbing a home and attending life skills classes.  For more information, visit http://www.habitatstl.org.

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 30 hotels in 14 states.  The company serves global brands including Hilton, IHG, Marriott, and Starwood.  Midas Hospitality’s headquarters are located at 1804 Borman Circle Dr. in Maryland Heights, Mo.  For more information, call (314) 692-0100 or visit http://www.midashospitality.com.

MC Hotel Construction, which is also located at 1804 Borman Circle Dr., specializes in hotel construction and renovations with projects currently underway in six states.  MC Hotel Construction builds for leading brands such as Hilton, Marriott, IHG, Starwood and Legacy Suites.  For details, call (314) 339-6600 or visit http://www.mchotelconstruction.com.

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