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| Denver, Colo. – April
1, 2011
– Denver-based Magnolia Hotels
Management Co. has been renamed Stout Street Hospitality. The hotel
management
company changed the name of its corporate entity to reflect its
revamped goals
of strategically expanding the company to include branded hotels and
resorts,
franchise opportunities, construction, extended stay and its core
product –
historic, independent boutique hotels. “We are
extremely pleased to be taking our company in this new direction,” said
Leigh
Hitz, president of Stout Street Hospitality. “We can now further
evaluate
growth opportunities and expand our presence in the industry while
retaining
the Magnolia moniker on our four current properties.” The
privately held management company controls and manages Magnolia brand
hotels in
Dallas, Denver, Houston, Omaha, and holds a third party management
contract in
Bryan, Texas. The properties have flourished as independent, boutique
hotels
emphasizing in style and comfort. The company plans to grow the
Magnolia brand
while diversifying into other areas. The creation
of Stout Street Hospitality began in 1993, when Chief Executive Officer
Steve
Holtze formed the Stevens Holtze Corp. for the purpose of renovating
and
remodeling historic buildings in gentrifying urban areas. The group’s
first
project was restoring and opening what is now the Denver Magnolia
Hotel. Holtze
began branding all its properties under the Magnolia name after opening
the
Dallas Magnolia in 1999. For more
information about Stout Street Hospitality, go to www.stoutstreethospitality.com or
call
303.607.0707. |
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Contact: Kristin Yantis Malen Yantis Public Relations [email protected] (775) 831-4422 |