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Midas Hospitality Purchases Its First Texas Hotel

ST. LOUIS—Midas Hospitality, based here, is adding its first Texas hotel to a portfolio that includes 41 hotels in 14 states: the Staybridge Suites Houston – Medical Center, which it recently purchased from Pride Management Inc. of Beaumont, TX. The $21.6-million property opened in January of 2017.

Located across from NRG Stadium, the 120-room hotel is also near the Texas Medical Center. The property has a variety of amenities including a business center, meeting room, fitness center, outdoor pool, evening reception and barbeque grills.

“This opportunity fit perfectly with our company’s vision and capabilities,” said Midas Hospitality CEO David Robert. “Houston is a continuously evolving city, and we have researched this market for many years. The acquisition happened at the right time and place for us, and we could not be more excited to be a part of this growing community.”

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