Midas Hospitality, LLC Announces the $34M Sale of Three Hotels in the Columbus, OH Market

ST. LOUIS, MO, June 17, 2015–Midas Hospitality, a St. Louis-based hotel owner, operator and developer announce the sale of Staybridge Suites–Columbus, OH, Residence Inn by Marriott–Dublin, OH and the Residence Inn by Marriott–Worthington, OH
By: Midas Hospitality, LLC
 
ST. LOUIS - June 17, 2015 - PRLog -- An investment group led by Midas Hospitality, LLC purchased the Staybridge Suites – Dublin, OH in December, 2011 and the Residence Inn by Marriott – Worthington, OH in May, 2013, successfully repositioned the assets along with a $2M and $3M renovation respectively.  Recently announced, Midas Hospitality completed and opened the Residence Inn by Marriott – Dublin, OH, June 5, 2015.  .

J. T. Norville, Managing Member, states “Although a very difficult decision to sell these great assets, the successful repositioning of the hotels provided increased asset value, which resulted in a great return to our investment group.  This portfolio sale will provide our investors additional opportunity to reinvest in our aggressive asset development pipeline.”  Midas Hospitality, LLC currently has nine hotels in development including projects in St. Louis, MO, KS, SC and LA, all to open in the next 2 – 15 months.

About Midas Hospitality, LLC

Midas Hospitality, was established in 2006 and quickly became one of the premier hotel management groups in the Midwest.  Midas has developed, opened and managed numerous properties, including Residence Inn by Marriott, Courtyard by Marriott, Fairfield Inn & Suites by Marriott, Aloft by Starwood, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites and Hampton Inn among others.

Midas Hospitality, LLC is an owner, operator, and developer of hotels with a growing portfolio consisting of 21 hotels, in 10 states serving 6 different global brands. For more information on Midas Hospitality locations and services, please visit www.midashospitality.com

Contact
Kurt Furlong
***@midashospitality.com
End
Source:Midas Hospitality, LLC
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Tags:Midas Hospitality, JT Norville, Kurt Furlong, LLC
Industry:Real Estate, Travel
Location:St. Louis - Missouri - United States
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