MENU Show/Hide WHAT'S NEW DEC 28, 2020 Midas Hospitality partners on Texas development with a $22M hotel BACK TO ALL ARTICLES SHARE St. Louis-based hotel developer Midas Hospitality is teaming up with a real estate development company for a project that will include a $22 million hotel in Richardson, Texas. Midas and 3D Development, which has offices in Georgia, Tennessee and Texas, are planning a mixed-use project on 5.2 acres in Richardson with an Element by Westin hotel that is scheduled to open next summer. This is Midas’ second Element hotel; the first opened in Midtown St. Louis earlier this year. Officials said the Texas hotel will feature 123 suites, a fitness center, pool and a bike-sharing system. The hotel will be located at 2205 North Glenville Ave. in Richardson, which is home to several major corporate offices such as Blue Cross Blue Shield of Texas, State Farm and Texas Instruments. Officials said the development also includes a 25,000-square-foot parcel that will be developed as a fast-casual restaurant at a later date. MW Builders, with locations in Texas and Kansas, is serving as the general contractor. Midas also will manage the hotel. “During the past year, we have worked side by side on this project with 3D Development,” said Midas Hospitality’s co-founder and Managing Partner J.T. Norville. “It is exciting that our plans are now becoming a reality, and we look forward to introducing the innovative Element concept to the area.” Despite the Covid-19 pandemic’s hit to the hotel and hospitality industry, Midas continues to grow and the Texas hotel is the latest example. In early December, it opened a $20 million SpringHill Suites in Overland Park, Kansas. Midas is one of the fastest-growing companies in the St. Louis region, boosting revenue more than 90% since 2017. It finished 2019 with revenue of $151.11 million. https://www.bizjournals.com/stlouis/news/2020/12/21/midas-hospitality-partners-on-22m-texas-project.html?ana=TRUEANTHEMFB_SL&csrc=6398&utm_campaign=trueAnthem%3A%20Trending%20Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR3w4RGRRvvXbxmv8ZbxVobDQQFJ0tvZJx5G45xa9ZBAna3kEz9z3T7VcqI PREVIOUS ARTICLE NEXT ARTICLE RECENT ARTICLES Related News Midas Hospitality Celebrates 15th Anniversary MAR 18, 2021 Leading hotel development, management and investment firm Midas Hospitality recently celebrated its 15th anniversary in business. READ MORE Midas Hospitality hires Marco Zhang JAN 15, 2021 Zhang named Investment Analyst at hotel's growing investment firm. READ MORE UPBAR now open atop the Element by Westin in Midtown JAN 13, 2021 St. Louis’ newest rooftop lounge is situated across the street from City Foundry and features cocktail, beer, and wine flights. ALL ARTICLES FIND OUT MORE Let's Talk Whether it’s for a new project, a new investment or a general inquiry, we want to hear from you. CONTACT US FIND A JOB We're Hiring We’re always looking for people who care deeply and want to grow. EXPLORE CAREERS 1804 Borman Circle Drive, Ste 100 St. Louis, MO 63146 EMAIL info@midashospitality.com PHONE (314) 692 0100 FAX (314) 692 0103 Privacy Policy © 2021 Midas Hospitality, LLC