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Midas pitches $47 million, 11-story Clayton hotel

Midas pitches $47 million, 11-story Clayton hotel

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Midas Hospitality's proposed Clayton hotel

Midas Hospitality wants to build a $47 million, 168-room Residence Inn by Marriott hotel at 8125 Forsyth Boulevard. (Rendering via city of Clayton).

CLAYTON — Midas Hospitality is proposing a $47 million, 168-room Residence Inn by Marriott hotel on the site of vacant low-rise retail space at 8125 Forsyth Boulevard.

The site is owned by Apogee Associates, an affiliate of Crest Management, headed by Jared Novelly, son of Clayton-based Apex Oil owner Tony Novelly. In 2015, Apogee had proposed a $68.5 million, 14-story office building on the site, but plans never materialized.

Midas Hospitality, based in Maryland Heights, has several active projects in the region. It is working on a 129-room Aloft hotel in the Cortex tech district and a 152-room Element hotel on Forest Park Parkway across from City Foundry. Both are Marriott hotels.

Its planned 11-story Clayton hotel will be valet only and use parking at a nearby garage.

There’s been interest from other developers in building or freshening up hotels in Clayton. This year, the owner of the 259-room Sheraton Plaza Clayton said it planned to close the hotel in order to rehab it and rebrand as a Le Méridien, an upscale Marriott brand.

Montana developer HomeBase and Rusty Keeley, CEO of St. Louis-based L. Keeley Construction, plan a 196-room AC hotel — another Marriott brand — on the site of the old Clayton Police Department headquarters at 227 South Central Avenue. A HomeBase affiliate bought the site in early 2018 from the city and won rezoning this spring.

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