Industry Update: MIDAS HOSPITALITY PURCHASES HOTEL IN TEXAS

Midas Hospitality, a St. Louis company, is adding a Texas hotel to its growing business that already has hotels in 14 states. Midas Hospitality, a premier hotel management group, purchased a Staybridge Suites in Houston from Pride Management Inc. of Beaumont, Texas. This marks the first hotel that the company has acquired in Texas.
The 120-room hotel opened in January of 2017 and is located at 9000 Main Street, Houston, TX 77025. It features a business center, meeting room, fitness center, outdoor pool, evening reception, and barbeque grills. The $21.6 million property is also located near the Houston Medical Center. Midas Hospitality CEO David Robert praised the purchase:
“This opportunity fit perfectly with our company’s vision and capabilities. Houston is a continuously evolving city, and we have researched this market for many years.”
For more information about the Staybridge Suites, call 314- 692-0100 or visit http://www.midashospitality.com.

About the author

Joe Clote

Joseph W. Clote is owner of Publishing Concepts, LLC a communications and marketing firm based in Saint Louis, Missouri. Mr. Clote is Group Publisher of MeetMed™ and Missouri Meetings & Events™ (MM&E) magazine, a quarterly publication read by thousands of meeting and event professionals, and producer of the St. Louis and Kansas City trade shows under the MM&E name. Mr. Clote has extensive sales and marketing expertise in the travel, tourism, fine art, insurance, and software development industries.