Residence Inn Clayton, Missouri — Photo by Marriott

A newly constructed hotel in the heart of Clayton, Missouri's business district - the first hotel built since 1990 - is scheduled to open its doors in Fall of 2022.

Leading hotel development, management and investment firm Midas Hospitality recently broke ground on its $47 million Residence Inn by Marriott. Located at 8125 Forsyth Blvd., the 12-story hotel will feature 170 extended stay rooms complete with fully equipped kitchens. The property is situated near the 47-acre Shaw Park, the city's oldest and largest park established in 1935.

The Residence Inn will feature a state-of-the-art fitness center, a 3,300-square-foot meeting space with outdoor terrace and bar, and laundry facilities. Guests will receive a complimentary breakfast, as well as access to evening social events.

The property will be managed by Midas Hospitality and built by Midas' sister company Midas Construction, a general contractor specializing in new hotel construction, historic renovation and commercial tenant finish. The location was the previous site of an unoccupied two-story retail building, which was wedged in between two prominent office buildings.