Midland Resort and Convention Center, approved for USD11 million renovation
Sader Hospitality Worldwide, LLC, a hospitality management company in Los Angeles, California, announced today that the Midland Resort & Convention Center located in Midland, Michigan, will be transformed into a high-end hotel after a US$11 million renovation is completed by the end of 2013. Mr. Ghassan (Gus) Sader, founder and CEO of Sader Hospitality, made the announcement.
The 235-room hotel has been under the management of Sader Hospitality since May 2011, and the firm has provided the turnaround services for the owners, which delivered the current positive financial results. This transformation allowed the management company to secure the funding for the planned renovation.
The full-service hotel features a 15,000-square-foot convention center and a high energy bar and restaurant, which will be included in the renovation. “This has been an exciting project for us as a management company and very rewarding to see the financial progress that has been made,” said Gus Sader, “Ownership has been extremely pleased with the turnaround and financial results that have been delivered by Sader Hospitality Worldwide since the firm assumed responsibility of the property.”
Midland, Michigan, is home to The Dow Chemical Company and was also named #4 Best Small City to raise a family in by Forbes magazine.
Sader Hospitality Worldwide, LLC, located in Los Angeles, California, is a privately-owned hospitality management and consulting company specializing in financial review and turnaround for hotels, resorts, and restaurants. The company was formed by Ghassan (Gus) Sader, a seasoned hospitality executive with extensive experience in every segment of the hospitality industry from full-service luxury hotels to European castles. Services offered include, but are not limited to, due diligence, overall management and operations, renovation, repositioning, and turnaround.