Midas Hospitality Purchases Staybridge Suites in Independence, Mo.
Hotel renovations to begin January of 2017
KANSAS CITY, MO. December 12, 2016 - Midas Hospitality, a premier hotel management group, recently purchased the Staybridge Suites Kansas City-Independence for $9.8 million. The 102-room hotel is located at 19400 E. 39th Place South in Independence, Mo.
Renovation costs are approximately $1.6 million and include a complete interior renovation along with exterior landscape updates beginning January of 2017. The hotel will remain open during the renovation. The project's lender is First Midwest Bank of Poplar Bluff.
The hotel is located on I-70 with convenient access to area attractions including the Independence Center, which is the area's largest mall, as well as Arrowhead Stadium, home of the Kansas City Chiefs and Kauffman Stadium, home of the Kansas City Royals.
Lindsay Chapman, who has nearly 20 years of hospitality experience, will remain as the hotel's general manager. She has been the general manager of the Staybridge Suites Kansas City-Independence since 2009.
“We are excited to add this Staybridge Suites property to our family of hotels,” said Kurt Furlong, Principal and Executive Vice President of Sales and Marketing at Midas Hospitality. “We look forward to working with the community and providing a quality experience to our customers.”
Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 27 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.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
