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Midas Hospitality Hires Director of Engineering

Steve Bunetto joins hotel management group in newly created position

ST. LOUIS, MO. August 30, 2017 - Midas Hospitality, a premier hotel management group, recently hired Steve Bunetto as Director of Engineering.

Bunetto’s responsibilities include supporting the maintenance efforts for all of Midas Hospitality’s hotels. He will focus on developing all-inclusive operational support systems, as well as implementing cost-saving programs and compliance processes. Bunetto will handle company-wide initiatives, communication and training with each hotel’s on-site maintenance personnel and general managers to ensure an excellent guest experience with respect to the company’s product.

Bunetto has more than 20 years of experience in the hospitality industry. Prior to joining Midas Hospitality, he served as a regional facilities manager for 10 years and Director of Maintenance at numerous other hotels.

“Steve brings a vast amount of experience to our company in terms of management and planning capabilities,” said Rob Willard, President and Principal. “He is an industry leader who will take this newly created position at Midas Hospitality and will protect our asset investments while delivering market-leading guest experience through execution of his initiatives and systems.”

Founded in 2006, Midas Hospitality has developed, opened and currently manages numerous properties including 40 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.

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.