Acquisitions & Hotel Openings

Residence Inn & Fairfield Inn & Suites-Charlotte Airport Opens in North Carolina

Midas Hospitality, a St. Louis management team, to oversee property

CHARLOTTE, N.C. December 19, 2016 - A dual-branded Residence Inn & Fairfield Inn & Suites by Marriott-Charlotte Airport property recently opened at 2220 West Tyvola Rd. in Charlotte, NC. The hotel, which was developed by MJM Group of Raleigh, NC, is owned by Novus Development LLC of Raleigh, NC and will be managed by premier hotel management group Midas Hospitality of St. Louis, MO.

The new 204-room hotel cost $25 million and consists of a 113-room Residence Inn by Marriott and a 91-room Fairfield Inn & Suites by Marriott. The hotels jointly feature an outdoor swimming pool, a large fitness center, and 2,250-square-foot meeting space. Both properties offer various complimentary services including breakfast, Wi-Fi and airport shuttle.

The dual-branded hotel is located minutes from Charlotte Douglas International Airport and offer convenient access to the Charlotte Premium Outlets, Carowinds Amusement Park, Bank of America Stadium, Time Warner Cable Arena, and NASCAR Hall of Fame.

“The dual-brand concept, backed by one of the industry’s best brand Marriott, will serve both the extended stay and transient customers in the Charlotte Airport market,” 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.

Coming Up In The September Online Hotel Business Review




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Feature Focus
Hotel Group Meetings: Blue Skies Ahead
After a decade of sacrifice and struggle, it seems that hotels and meeting planners have every reason to be optimistic about the group meeting business going forward. By every industry benchmark and measure, 2017 is shaping up to be a record year, which means more meetings in more locations for more attendees. And though no one in the industry is complaining about this rosy outlook, the strong demand is increasing competition among meeting planners across the board – for the most desirable locations, for the best hotels, for the most creative experiences, for the most talented chefs, and for the best technology available. Because of this robust demand, hotels are in the driver’s seat and they are flexing their collective muscles. Even though over 100,000 new rooms were added last year, hotel rates are expected to rise by a minimum of 4.0%, and they are also charging fees on amenities that were often gratis in the past. In addition, hotels are offering shorter lead times on booking commitments, forcing planners to sign contracts earlier than in past years. Planners are having to work more quickly and to commit farther in advance to secure key properties. Planners are also having to meet increased attendee expectations. They no longer are content with a trade show and a few dinners; they want an experience. Planners need to find ways to create a meaningful experience to ensure that attendees walk away with an impactful memory. This kind of experiential learning can generate a deeper emotional connection, which can ultimately result in increased brand recognition, client retention, and incremental sales. The September Hotel Business Review will examine issues relevant to group business and will report on what some hotels are doing to promote this sector of their operations.