Room 1109 / Magnolia Hotel, Houston
The Magnolia Hotel Houston opened in 2003 at estimated cost of $52 million in what was known as the the old Post-Dispatch building in downtown Houston. It was built by the future governor of Texas and Humble Oil founder, Ross S. Sterling, in 1926 as the home of his newspaper, The Houston Post-Dispatch and the Shell Oil Company. At 22 stories it was the highest building in Houston during the late 1920's. Sterling hired architects Sanguinet, Staats, Hedrick & Gottlieb to design the Post-Dispatch building. This was the tallest reinforced concrete building constructed in Houston during the 1920s. The limestone covered building features Corinthian pilasters at the third and fourth floor levels and at it's attic zone. Sanguinet, Staats also designed the Hotel Texas (now the Ft Worth Hilton) in downtown Fort Worth and the Sam Houston Hotel, in downtown Houston.
The 75 year old building was a vacant blight on Texas Avenue until Steve Holtze (then president of Denver-based Steve Holtze Hotels) paid $40,000,000.00 for the building with plans to make it very exclusive hotel ala Hotel Derek on the West Loop. Holtze secured most of the financing through a local bank in addition to a $9.5 million loan through the U.S. Department of Housing and Urban Development. The 314 room hotel with rooftop swimming pool had total costs exceeding $50 million. Holtze thought the construction of the downtown arena for the Houston Rockets, an expansion of the convention center, and the construction of 1,200-room convention center hotel would improve the prospects for the downtown boutique hotel.
Steve Holtze is chairman and majority owner of Magnolia Hotel Co., a hotel development and management company with properties in historic buildings in downtown Denver, Dallas, Houston, and Omaha, Neb. The daughter and son, Sarah Treadway and Eric Holtze, are now co-CEOs.
Magnolia Hotel Houston
1100 Texas Avenue