CoralTree Hospitality in partnership with its parent company Lowe has acquired a controlling interest in the Magnolia Hotels brand from Denver-based Stout Street Hospitality.
CoralTree will manage four of Magnolia's six properties in Denver, Houston, St. Louis and Omaha while licensing the name to the New Orleans and Dallas properties. The Magnolia brand is known for its award-winning, independent properties that reflect the spirit of each location with curated personal service for 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.
The Denver, Houston and St. Louis hotels will remain a part of the Tribute Portfolio's distribution network including access to the Marriott Bonvoy loyalty program. Tribute Portfolio is a collection of high-end independent boutique hotels.
"For more than four decades, my family has owned and managed hotels throughout th