Midas Capital, an investment company specializing in hotel acquisition and development, recently acquired its first property only four months after opening for investor subscriptions. Midas Capital has raised $18 million, calling $15 million during its first phase with the help of 60 investors. The company purchased the dual-branded Residence Inn/Fairfield Inn & Suites by Marriott-Charlotte Airport located at 2220 W. Tyvola Road in Charlotte, NC.
The acquired 204-room hotel opened in Dec. of 2016 and consists of a 113-room Residence Inn by Marriott and a 91-room Fairfield Inn & Suites by Marriott. The hotels jointly feature an outdoor swimming pool, a large fitness center, and a 2,250-square-foot meeting space. The dual-branded hotel is located minutes from Charlotte Douglas International Airport and offers convenient access to the Charlotte Premium Outlets, Carowinds Amusement Park, Bank of American Stadium, Time Warner Cable Arena, and NASCAR Hall of Fame.