Midas Hospitality, a St. Louis-based hotel owner, operator and developer, acquired the Courtyard by Marriott in Clemson, S.C., for $16.5 million.
The hotel is located less than one mile from Clemson University. The 100-room hotel is Midas' 22nd, and the company has $1.5 million in renovations planned for the property. The hotel currently has a fitness center, bistro restaurant and bar, meeting rooms and a heated indoor pool.
Financing for the hotel was led by Cass Commerical Bank, with participation from Parkside Financial Bank & Trust.
The Clemson hotel is the third Marriott property added to the Midas Portfolio. Most recently, Midas acquired the Holiday Inn Express – Champaign, Illinois and the Holiday Inn Express – Sikeston, Missouri. The company also opened the Hampton Inn – Poplar Bluff.
Midas also has a number of hotels in development, all scheduled to open over the next 12 months. These properties include the Hampton Inn – Wentzville, and the Courtyard by Marriott – St. Louis/St. Peters; the SpringHill Suites – Lenexa, Kansas; a dual-branded Residence Inn/ airfield Inn by Marriott – Charlotte Airport, N.C.; a dual-branded Residence Inn/Fairfield Inn & Suites – St. Louis/Westport Plaza, Mo.; and the Staybridge Suites – St. Louis/Westport Plaza, Mo.