Finance & DevelopmentDevelopmentMidas Hospitality Breaks Ground On Two Hotels in Minnesota

Midas Hospitality Breaks Ground On Two Hotels in Minnesota

ST. LOUIS—Hotel management group Midas Hospitality has broken ground on two hotels in Brooklyn Park, Minn., an area that hasn’t had a newly built hotel since 1998. The $28 million development with a 100-room Hampton Inn and a 107-room Home2 Suites will open in the summer of 2018, and is the first Minnesota development for Midas Hospitality.

The Hampton Inn, located at 9470 W. Broadway, is a 63,301-square-foot hotel with an indoor pool, meeting room, and fitness center. Home2 Suites, located at 9490 W. Broadway, is a 57,977-square-foot hotel that will offer separate living and bedroom space, a fully-equipped kitchen, community living areas, laundry facilities, fitness center, and an indoor pool.

Midas Hospitality will develop and manage the hotels, while the builder is Midas’ sister company, MC Hotel Construction. The architecture firm is Gray Design Group, and all three companies are based in St. Louis, Mo. Kentucky-based CFSB is financing Hampton Inn, and Minnesota-based Flagship Bank is financing Home2 Suites.

“The Hampton Inn and Home2 dual concept, backed by one of the industry’s best brands Hilton, will serve both the extended stay and transient customers in the Brooklyn Park market,” said Kurt Furlong, Midas Hospitality’s Principal and Executive Vice President of Sales and Marketing. “This is the first Minnesota development for our company, so it’s a monumental step for Midas Hospitality and we look forward to joining the Brooklyn Park community.”

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. MC Hotel Construction 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.

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