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The Magnolia hotels are upscale boutique hotels catering to the sophisticated traveler. Magnolia hotels are operated by Denver-based Magnolia Hotels, a real estate development and hotel management company concentrating on the redevelopment of historic properties into elegant hotels in central business districts. The company currently operates Magnolia hotels in Denver, Dallas, Houston and Omaha and is exploring other markets for additional growth opportunities. Magnolia Hotels also is actively seeking to acquire new hotel management contracts.