Dual-branded Marriott in the works for Charlotte, N.C.

Two companies based out of St. Louis, Mo., The Lawrence Group and Midas Hospitality, secured a contract to work on a new dual-branded property in Charlotte, N.C.

The 188-room hotel will consist of a 94-room Courtyard by Marriott and a 94-room Residence Inn by Marriott, and MJM Group will develop the property. The Lawrence Group will act as the hotel's architect, while Midas Hospitality will manage the hotel when it opens March 2018. Lawrence and Midas were awarded $45 million for their association with the property. Gray Design will also contribute interior design and architecture to the property.

The dual-branded Marriott was originally a single large property slated to open in late 2013, but development stalled due to design and construction-related issues. The hotel's shell was completely demolished last year to facilitate plans for a dual-branded project. When it opens, the seven-story, 130,000-square-foot hotel will have a shared lobby for both brands, two patio areas with an outdoor swimming pool, a fitness center and meeting spaces.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Midas Hospitality was founded in 2006 and manages 25 hotels in 11 states. The Lawrence Group is one of the largest architecture firms in St. Louis, and reported $31 million in architectural billings during 2015. Gray Design was founded and is led by CEO Wendy Gray. The company reported $6.7 million in revenue during 2015.

Suggested Articles

The Peppers Airlie Beach resort in north Queensland is up for sale via an International expressions of interest campaign.

Ahead of the Mediterranean Resort & Hotel Real Estate Forum, Atrium Hotels' Athinagoras Konstantinidis discusses hotel opportunities and challenges.

The Radisson Red Miraflores has 100 guestrooms, a games studio and a fitness center.