The $47 million Residence Inn by Marriott is now open and is the first new hotel to debut in Clayton, Missouri, in 30 years.
The 12-story, 170-room upscale extended stay hotel was launched during the pandemic. Midas Enterprises, along with its financing partners, deployed its four divisions to overcome numerous obstacles and advance the project. Companies participating included Midas Capital, Midas Construction, Midas Hospitality and Midas Development.
Midas Capital assembled a partnership of capital investors including St. Louis-based Hermann Companies and Peoples Bank, which were committed to advancing the Residence Inn.
Located at 8125 Forsyth Blvd., the 155,379-square-foot hotel features:
- Commanding views of Shaw Park and a second-floor lounge and ballrooms that visually connect with the park and business district;
- 3,300 square feet of second level meeting space with an outdoor terrace and bar;
- Studio, double-, and one-bedrooms suites with oversized windows to bathe the interior in light, fully equipped kitchens and luxury finishes throughout;
- Complimentary breakfast and evening social events, a 1,500-square-foot fitness center, and guest laundry combined with other amenities offering guests the benefits of home while away.
Earlier this year, Midas Hospitality named John Kudla as general manager and Leslie Havens as director of sales & marketing for the new hotel.
The Residence Inn was originally conceived as a fully volumetric modular building consisting of two floors of concrete podium topped by 10 floors of fully modular rooms. Material shortages and supply chain issues tasked the Midas Construction design/assist team to develop more cost efficient and practical solutions.
Working with SSC Engineering and CECO Concrete Construction, Inc., Midas reduced the dependence on cost-prohibitive structural steel and opted for a post-tension cast-in-place concrete structure with cold-formed metal studs. The reworked structure met Clayton’s building codes and advanced the project while maintaining the budget.
Changing from the modular to cast-in-place design necessitated a reworking of the demolition plan for the existing two-story building and new drilled pier foundations on an extremely tight site. Wedged between two of Clayton’s more prominent office buildings and parking garages, great care was taken not to disrupt adjacent businesses by utilizing roofs of parking garages to stage delivery of materials, and off-site prefabrication of plumbing and electrical components for the project.
Joining Midas Construction, SSC Engineering and CECO Concrete on the project was design/build site work contractor Castle Contracting, LLC.
