The Magnolia Hotel, a boutique hotel in downtown Dallas, is located in one of the city's most revered historic buildings, the former headquarters of Mobil Oil's predecessor, the Magnolia Petroleum Co.- hence, where the Magnolia name comes from. Built in 1921, the 29-story structure designed by British architect Sir Alfred Bossom was the first high-rise in the United States to have air conditioning, and was the city's first skyscraper at more than 400-feet high. The 29-story neoclassical style office tower was the tallest building west of the Mississippi River when it opened in 1922. The building's landmark was a statue of Pegasus, the mythical flying red horse. Today, the Pegasus has been restored, proudly adorning the building and illuminated at night in downtown Dallas. The building retains its gold-leafed, coffered ceilings and antique chandeliers in the original elevator lobby, and the brass Pegasus emblems have been preserved in the elevators.
Guestrooms on the historic 24th floor feature original doors with original glass transoms, and the original ventilation grates, wood floors, paneling and marble.
In 1997, the hotel management company, Stout Street Hospitality, acquired the 29-story Magnolia Oil and Gas building, erected in Dallas in 1910. The company redeveloped the property, restoring the famous landmark Pegasus that sits atop the historically impressive structure. Opened in 1999, the building is the namesake for the Dallas Magnolia Hotel and all properties under the Magnolia brand.
"In 1934, the original porcelain enamel and neon Pegasus sign was installed on the roof of the Magnolia Building. The 29-story building, built in 1922, was located at the northeast corner of Akard and Commerce Streets. It was this city's first skyscraper, as well as the tallest building in Texas, the tallest building west of the Mississippi, and taller than anything in Europe". (Read full article)