Midas Hospitality plans Element hotel near SLU

The headquarters of Habitat for Humanity Saint Louis will eventually make way for a new Element by Westin hotel, the first in the St. Louis market.

Maryland Heights-based Midas Hospitality is buying the Habitat for Humanity’s property at 3763 Forest Park Avenue for $2.4 million with plans to open by late 2019 a $25 million, 153-room hotel on the Midtown site.

Plans include 10,000 square feet of retail space on the ground floor of the hotel and a rooftop lounge in the 8-story building. Guests would have access to a fitness center, pool and “borrow-a-bike” program.

Midas CEO David Robert said demolition of the existing buildings won’t start for nine to 12 months while it continues leasing the property to Habitat for Humanity so the nonprofit has time to find a new spot for its administrative offices, construction warehouse and the ReStore donation center. Habitat put its property on the market in the summer.
Midas has been looking at the neighborhood for a couple of years, seeking to capitalize on the area’s momentum. Across Forest Park Avenue, Lawrence Group has begun work on the large City Foundry retail and food hall redevelopment of the former Federal-Mogul industrial site. South of Highway 40 (Interstate 64), Green Street Properties plans to rehab the old Armory building and St. Louis University and SSM Health are building a new, $550 million SLU Hospital.

“It was really the market and the demand generators,” Robert said.

To the west is the expanding Cortex innovation district, which also includes plans for an Aloft Hotel.

Robert said the Element by Westin brand typically caters to extended stay guests. Element rooms, for instance, all have full kitchens and guests stay an average of five nights. The Aloft planned in Cortex, on the other hand, has shorter stays.

“The Element guest is a little bit different customer than the Aloft guest, so we think they actually complement each other,” Robert said.

The project falls within the footprint of SLU’s new Midtown Redevelopment Corporation, which gives the university broad authority to control what is built around its academic and medical campuses. Approved by the city last year, the redevelopment corporation is similar to entities that guide development in Cortex and around the Washington University Medical Center.

Midas will need to work with SLU on the design of its project and could ask the university for up to 25 years of tax abatement, the maximum SLU can grant within the redevelopment footprint. The hotel project is planned in a portion of the SLU redevelopment area identified as mixed-use and eligible for up to 25 years of tax abatement.

Roberts said financing is still being finalized and he had no comment on whether the firm would ask for development incentives.

Midas owns and operates 30 hotels in 13 states. Its sister company, MC Hotel Construction, is building the Element. Maplewood-based Gray Design is the architect. Carrolton Bank is financing the project.

New Home2 Suites to be Built in Overland Park, KS

Midas Hospitality and sister company MC Hotel Construction are working together to build a new Home2 Suites by Hilton in Overland Park, Kan.  The 123-room hotel will be located at 7121 W. 135th St., which is the former site of a Smokehouse Bar-B-Que restaurant.

The new 65,000-square-foot four-story all-suite hotel will offer fully equipped kitchens, state-of-the-art fitness center, indoor pool, outdoor living area, and much more.  The project’s construction will begin June, 2017 and be completed by May, 2018.

Midas Hospitality, a premier hotel management group, 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.

“We are extremely excited about developing and operating our second Home2 by Hilton.” said J.T. Norville, Midas Hospitality’s co-founder and managing member.  “Backed by one of the industry’s best brands, the Home2 product will serve both the transient and extended stay demand in the Overland Park, Kansas market.”

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 30 hotels in 11 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.

Groundbreaking Ceremony Held for Sikeston, MO Hotel

ST. LOUIS, MO, January 17, 2017 – A groundbreaking ceremony was recently held for a 92-room Hampton Inn located at the new 100-acre Cotton Ridge Development in Sikeston, MO.  The $10 million hotel will sit on 2.75 acres and feature amenities including an indoor pool, meeting room, and fitness center.  The nearly 60,000-square-foot hotel at 1240 Commerce Dr. will be completed by the end of 2017.

Midas Hospitality, a premier hotel management group, 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.

Pictured from left to right are Kurt Furlong, Midas Hospitality; J.T. Norville, Midas Hospitality; Wendell Mueller, The Bank of Missouri; David Robert, Midas Hospitality; Mayor Steven Burch, City of Sikeston; John Thompson, The Bank of Missouri; Mackenzie Scherer, Regional Chamber of Commerce, and; Jim Heinz, MC Hotel Construction.

“The new Hampton Inn – Sikeston is ideally located off of Highway 60 with easy access to I-57 and I-55 with easy proximity to Monsanto, Cargill, Siemens, John Deere, and Tyson among other corporations.” said Kurt Furlong, Midas Hospitality’s Principal and Executive Vice President of Sales and Marketing.

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 30 hotels in 11 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 Names Jim Brueggemann as New CFO

ST. LOUIS, MO, January 10, 2017 – Midas Hospitality, a premier hotel management group, recently appointed Jim Brueggemann, CPA, as the company’s new Chief Financial Officer.

Brueggemann will manage the company’s central accounting office in order to deliver accurate and timely financial analysis.  He will be accountable for the development of economic strategies and preparation of corporate growth plans.   Brueggemann also will oversee both financial forecasting efforts and risk management operations.

Prior to his new position, Brueggemann was the company’s Vice President of Finance.  He joined Midas Hospitality in May, 2013 with more than 18 years of accounting and finance experience.  The majority of his career has been in real estate construction and development, as well as property management.  Brueggemann graduated from the University of Missouri-Columbia with a BSBA in Accounting.

“Jim is an excellent choice for Chief Financial Officer, and we are pleased to promote him to this very integral position within our organization,” said David Robert, Midas Hospitality’s Managing Member and CEO.  “We look forward to achieving even greater success in the upcoming years thanks to his experience and industry knowledge.”

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 30 hotels in 11 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 Promotes Chris Shinkle to Senior Director of Development

ST. LOUIS, MO, January 3, 2017 – Midas Hospitality, a premier hotel management group, recently promoted Chris Shinkle to Senior Director of Development.

Shinkle will manage the day-to-day operations of the company’s development team, which focuses on new hotels and acquisitions, as well as the organization’s renovation life cycle.  His responsibilities include overseeing a variety of services the company provides including project planning, procurement, information technology, scheduling, budget management, and project execution.

Prior to this position, Shinkle served as the company’s Director of Information Technology, as well as its Director of Operations.  He joined Midas Hospitality in 2011 as a general manager and has held key roles within the company throughout the years.  He has more than 15 years of hospitality experience.

“Chris has been with our company for more than five years, and he has truly earned this new position and all that it encompasses,” said David Robert, Midas Hospitality’s Managing Member and CEO.  “We are excited to see all that Chris will accomplish in his new role.”

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 30 hotels in 11 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.