Midas Hospitality Acquires Two St. Louis Hotels

97-room Staybridge Suites and the 122-room Holiday Inn Express - O'Fallon, MO

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. November 26, 2013

SAINT LOUIS, MO - November 26, 2013 - An investment group led by Midas Hospitality, LLC has acquired the 97-room Staybridge Suites and the 122-room Holiday Inn Express - O'Fallon, MO. St. Louis-based hotel owner, operator and developer, Midas Hospitality, LLC will manage the assets.

Opening in 2005, the Staybridge Suites and Holiday Inn Express sit adjacent to each other, located at 1155 and 1175 Technology Drive, O'Fallon, Missouri respectively. The hotels are located on the northwest corner of I-63/Hwy 40 and Hwy K, 30 miles west of downtown St. Louis.

Robert Willard, President & Principal, Midas Hospitality, LLC states, “We are excited about the growth of Midas Hospitality in the St. Louis area with the acquisition of these two hotels.” Willard added “Midas Hospitality will also open the Fairfield Inn and Suites, Wentzville, MO later this year and is building a Courtyard by Marriott - St. Louis / St. Peters, MO to open 4th quarter, 2014.” Midas Hospitality recently announced the opening of the 135-room Aloft Hotel - Beachwood, OH and construction of a 100-room Residence by Marriott - Columbus / Dublin to open Fall, 2014.

Kurt Furlong, EVP & Principal - Sales & Marketing, states, “The Staybridge Suites and Holiday Inn Express - O'Fallon, MO are terrific assets, serving both the transient and extended stay niche.” Furlong added “These hotels will make a great addition to our growing Midas Hospitality portfolio and close to our corporate headquarters.”

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 20 hotels, in 10 states serving 6 different global brands. For more information on Midas Hospitality locations and services, please visit www.midashospitality.com

About Staybridge Suites

Guests at the Staybridge Suites - O'Fallon, MO property can relax in a studio, one-bedroom or two-bedroom/two-bathroom suite with enough space, storage and flexibility to make the guest feel at home. Guests can take advantage of the Home-Like Comforts, including fully equipped kitchen, full-size refrigerator, microwave oven, cooktop stove, dishwasher, high-speed Internet access, large well-lit workspace, free local phone calls, free on-site guest laundry, large business center and a 24-hour fitness center. Unique to Staybridge Suites, guests can also enjoy the convenience of the Bridge Mart®, where a variety of beverages, breakfast items, snacks, frozen entrees and sundries will be available for purchase on the honor system at any time and where guests can enjoy complimentary freshly brewed coffee. Additionally, guests of the Staybridge Suites - O'Fallon, MO can visit the free Lending Library, where books, movies and music will be available for use in guestrooms, which all feature a DVD and CD player.

About Holiday Inn Express

Holiday Inn Express hotels are modern hotels for value-oriented travelers. Fresh, clean and uncomplicated, Holiday Inn Express hotels offer competitive rates for both business and leisure travelers. Guests Stay Smart® at Holiday Inn Express hotels where they enjoy a free hot Express Start® Breakfast Bar, free high-speed Internet access and free local phone calls (US and Canada only). There are currently more than 2,200 Holiday Inn Express hotel locations around the globe.