The Magnolia Hotel in downtown Dallas, recognizable for its red neon Pegasus on the roof, will soon get a sibling with the opening of a new Magnolia Hotel near SMU in the Park Cities.
Stout Street Hospitality, which operates the Magnolia hotel brand, announced that the Park Cities accommodations will open on June 15. It takes over the former Holiday Inn Dallas Central - Park Cities location at 6070 N. Central Expy., across the highway from the George W. Bush Presidential Center and just north of Mockingbird Station.
Stout Street has been managing the property owned by Dallas-based TriGate Capital for two years. Trigate plans to make more than $2 million in renovations to turn the property into a 293-room boutique hotel that meets the Magnolia brand standards.
“We believe transitioning to the Magnolia brand is going to elevate the property for the local community, as well as for business and leisure travelers,” said Jon Pettee of TriGate in a release. “We believe the Magnolia brand will broaden the appeal of the hotel for business and social functions in the Park Cities area.”
Upgrades include a new water feature that will be a focal point of the hotel, new bedding and soft goods, and new furniture and décor. The renovation is the second phase of TriGate’s overall $11 million re-investment in the property; the rooms, restaurant, lounge and meeting space already have been updated.
The hotel features more than 12,000 square feet of meeting and event space, as well as complimentary shuttle service to Dallas Love Field Airport and the surrounding area.