Located at 857 West Lancaster Boulevard, the new four-story hotel features an outdoor pool, onsite gym, a barbecue and fire pit for its guests.
“The hotel’s public art pays homage to the area’s rich aerospace history and is on the direct path of the city’s Aerospace Walk of Honor, which recognizes the important contributions of distinguished test pilots who have contributed to aviation, space research and development,” said Steve Eglash, co-Developer of the hotel.
“This property offered a unique investment opportunity to both private individuals and institutional investors in terms of the area’s potential growth possibilities,” said Midas Co-Founder and Managing Partner J.T. Norville. “We worked side by side with InSite Development to create a beautiful property, and we are excited about bringing our Midas brand to the Los Angeles area for the very first time.”
The new Residence Inn hotel is the second opportunity zone investment by Midas, which co-developed the property with Los Angeles-based InSite Development. Midas raised $12 million for the opportunity zone fund that, under the Tax Cuts and Jobs Act (TCJA), provides tax incentives for specific investments.
Founded in 2006, Midas’ headquarters are located at 1804 Borman Circle Dr. in St. Louis, Mo. For more information, call 314-692-0100 or visit https://midashospitality.com/.
[Information via news release from Midas Enterprises.]
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Dena G. says
Thanks Mark A. for pointing this out and appreciate your sarcasm !! I do stay in tune with current events such as new housing developments in the AV between my collaboration with other agencies and reading news stories on http://www.theavtimes.com website. Unfortunately, the demand still outweighs the supply. The next item on the agenda needs to be the allocation of monies towards a homeless shelter for families.
Eye on Lancaster says
We would have had a shelter up and running by now in the county building on Ave. I but Rex and the Lancaster power brokers used the money to have their pal build new housing at about the same cost but a tenth of the amount of beds. This kind of monkey business has been going on for years in Lancaster. The good old boys take care of each other.
Remember when Rex was complaining about putting a facility that housed and helped mentally ill people next to the sheriff’s station? Who do you think was behind all that.
Follow the money.
I know more than you think says
It’s cuz he don’t give a rats ass about Lancaster or anyone that lives here. Only cares about his money and the crooked dealings his involved with.
William says
Rex is Mini Me to Trump.
Separated at birth.
It’s abnormal. Both have pathologies.
RNM says
Absolute waste of money here. To put a hotel on a BLVD that has lost half its storefronts to COVID-19 and near so many homeless people is disheartening and useless. I don’t see much business or it lasting long.
Bugsy says
Maybe the hotel is really a front for gambling in the back.
Laughing says
No s***! Bugsy lol
Homeless are people too says
Maybe it will become a homeless shelter. Rex had the other one shut down and refused to open one up at the county building on I.
Dena Galloway says
It would of been nice if this company could of re-assessed the Antelope Valley area, put those monies towards a better use and recognize a greater need for the development of a new homeless shelter for families or an affordable housing complex rather than another hotel. I work with the homeless in the Antelope Valley which is tough work and it is pretty disheartening to see another hotel built when there are so many unhoused families/individuals. It is unfortunate to see where the priorities are.
Mark A. says
There are multiple projects for housing going on throughout the Antelope Valley as I type this. I don’t know how you could purport to be working in that field and not have any awareness?