Midas Hospitality and InSite Development to Develop Residence Inn in Lancaster, California

Midas Hospitality | July 30, 2019

Lancaster, CA, July 30, 2019 -- After successfully raising $35 million in only four months for its first opportunity zone project, Midas Hospitality is going westward to stake its next claim. Midas Hospitality, a leading hotel development, management and investment firm, recently announced its second opportunity zone fund that seeks to raise $12 million for a new Residence Inn located in Lancaster, Calif. Midas will co-develop the $25 million, 107-room hotel along with Los Angeles-based InSite Development. Located at 857 W. Lancaster Blvd. in Lancaster, Calif., the hotel has a targeted groundbreaking date in late 2019 with a grand openi...