Midas Hospitality Purchases Its First Hotel in Texas
St. Louis-based hotel management group buys Staybridge Suites in Houston
BEAUMONT, TX. June 20, 2017 - A St. Louis company is adding a Texas hotel to its expanding portfolio that includes 41 hotels in 14 states.
Midas Hospitality, a premier hotel management group, recently purchased a Staybridge Suites in Houston from Pride Management Inc. of Beaumont, Texas. The $21.6 million property opened in January of 2017 and is the first hotel the company has acquired in Texas.
Located at 9000 Main St. directly across from NRG Stadium, the 120-room hotel is also conveniently located near the Houston Medical Center. The property features a variety of amenities including a business center, meeting room, fitness center, outdoor pool, evening reception, and barbeque grills.
“This opportunity fit perfectly with our company's vision and capabilities,” said Midas Hospitality CEO David Robert. “Houston is a continuously evolving city, and we have researched this market for many years. The acquisition happened at the right time and place for us, and we could not be more excited to be a part of this growing community.”
Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 41 hotels in 14 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 
