Hotel developer Midas Hospitality plans to begin construction of a 170 room Residence Inn in Clayton Missouri business district. The hotel designed by Base 4 Architects & Engineers is located at 8125 Forsyth Blvd at a cost of $47 million. The extended stay hotel will be complete with fully equipped kitchens, with fitness center and 3,300 square foot meeting space with outdoor terrace and bar and laundry facilities. Guestrooms 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 Construction.