Historic Boutique Hostelries: Sold: Magnolia Hotels Brand

In Houston, A controlling interest in the Magnolia Hotels brand, which includes a historic hotel in downtown Houston, has been purchased by CoralTree Hospitality.

CoralTree Hospitality, in partnership with its parent company Lowe, it has purchased a controlling interest in the Magnolia Hotels brand from Denver-based Stout Street Hospitality. CoralTree will manage four of Magnolia’s six hotels in Denver, Houston, St. Louis and Omaha while licensing the name to the New Orleans and Dallas hotels.

The Magnolia brand is known for independent hotels, some in buildings on the National Register of Historic Places, that attract both business and leisure travelers. With the addition of the six new Magnolia Hotels, CoralTree has a portfolio of 22 hotels and resorts throughout the United States.