One local firm’s tips for successful opportunity zone fund
Midas Hospitality, the Maryland Heights-based hotel developer and operator, has closed on its second opportunity zone fund.
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Wondering what we’re up to? Browse the latest news from Midas Hospitality, including our most recent press, awards and ideas.
Hotelier to partner on new jobs program for adults with disabilities
Maryland Heights-based Midas Hospitality and Boone Center Inc. will partner on a new program to train adults with intellectual and development disabilities to work in the community while also earning competitive wages..
Midas Hospitality boosts portfolio with two Oklahoma hotels
Midas Hospitality recently added two Oklahoma hotels to its growing management operations.
Midas Hospitality buys Milwaukee Aloft for $26.5M
St. Louis-based Midas Hospitality acquired the 160-room Aloft Milwaukee Downtown for $26.5 million. The hotel development, management and investment firm operates one other hotel in Wisconsin, the Aloft Green Bay.
Midas Hospitality Family Foundation’s Third Annual Trivia Night Fundraiser
The Midas Hospitality Family Foundation will host its third annual “A Night for the Children” trivia night. Doors open at 6:30 p.m. and trivia begins at 7:00 p.m. The evening includes trivia, table decoration prizes, raffles, and a silent auction.
Midas Hospitality ranked #25 on the St. Louis Business Journal’s Fast 50 List
The Business Journal celebrates its Fast 50 Awards
Are Opportunity Zones Knocking?
With the implementation of the Tax Cuts and Jobs Act, many hotel companies are looking at opportunity zones: low-income census tracts nominated by states and certified by the U.S. Department of the Treasury—there are more than 8,700 designated places—into which investors can put capital to work financing new projects in exchange for federal capital gains tax advantages. But when is it right to invest in these types of projects?
Hotel Developer Raises $35 Million for Opportunity Zone Fund
Midas Hospitality, a leading hotel development, management and investment firm raised $35 million in four months for its Opportunity Zone fund, largely from St. Louis area investors.