Home Tags Midas hospitality

Tag: midas hospitality

Midas Hospitality Opens First Aloft Hotel in St. Louis

Aloft Cortex St. Louis
St. Louis, Mo. — Midas Hospitality, a hotel development, management, and investment firm, recently opened the St. Louis region’s first Aloft hotel, which is located within the 200-acre Cortex Innovation Community. The 129-room property has two meeting rooms, an on-site fitness center, a heated indoor pool, and the W XYZ bar with outdoor seating open to the public overlooking the...

Midas Hospitality to Manage Two Tulsa Hotels

Hilton Garden Inn Tulsa, Oklahoma
St. Louis — Midas Hospitality, a hotel development, management, and investment firm, recently added two Oklahoma hotels to its growing management operations: the Hilton Garden Inn located at 420 W. Albany St. and the Homewood Suites located at 4900 W. Madison Place. Both are situated in Broken Arrow, Okla., which is the largest suburb of Tulsa. Midas Hospitality also...

Industry Experts Share the Biggest Development Challenges of 2019

development challenges
 The availability of quality construction The biggest challenge for us as a developer today is the availability of quality construction personnel, both management and labor. Our reputation and our many long-standing relationships help mitigate this challenge, but I don’t see the situation easing in the foreseeable future.” Nick Kellock Chief Operating Officer Concord Hospitality Increasing pressure on brand expansion “As a hotel developer, there...

Midas Hospitality To Co-Develop Its First Los Angeles-Area Property

Midas Hospitality
ST. LOUIS — Midas Hospitality, a hotel development, management, and investment firm, recently announced its second opportunity zone fund that is seeking to raise $12 million for a new Residence Inn located in Lancaster, Calif. Midas Hospitality will co-develop the $25 million Residence Inn along with Los Angeles-based InSite Development, and has a targeted groundbreaking date in late 2019 with...

This Week’s Hotel Deals

Marriott Mission Valley
DAD Acquires Marriott Mission Valley in San Diego  Driftwood Acquisitions and Development (DAD) has entered the California market with its $85.7 million acquisition of the 353-key Marriott Mission Valley in San Diego. The firm also intends to develop a second hotel on the southwest corner of the same site, with construction beginning in 2021. DAD is inviting accredited investors to co-invest...