Stout Street Hospitality secures refinancing for Magnolia Hotel Denver

DENVER, May 28, 2026 – JLL’s Hotels & Hospitality Group announced today it has arranged the refinancing for the Magnolia Hotel Denver, a Tribute Portfolio Hotel by Marriott, a 297-key full-service boutique hotel located in the heart of downtown Denver's Central Business District.

JLL worked on behalf of the borrower, Stout Street Hospitality, to secure a loan through PPM America, Inc.

Originally constructed in 1910 as the home of First National Bank, this iconic landmark combines historic architecture with modern sophistication and features 297 thoughtfully designed guestrooms and suites with lofty 12-foot ceilings and expansive windows. The property offers more than 13,450 square feet of flexible meeting and event space across 12 distinct venues, including the 3,800-square-foot '17th by Magnolia' ballroom with a stunning 25-foot-high glass atrium ceiling and art deco-inspired decor. The hotel also features Harry's restaurant and bar serving seasonal American cuisine for three meals daily.

The Magnolia Hotel Denver is strategically positioned relative to Denver's top demand generators, including the Colorado Convention Center, Ball Arena, Coors Field and Empower Field at Mile High. The property also benefits from proximity to the LoDo Historic District and the recently completed 16th Street Mall revitalization. The downtown location provides immediate access to major corporate offices, as well as three universities on the nearby Auraria Campus.

The historic landmark First National Bank building was converted to a boutique hotel in 1995 and now serves as Stout Street Hospitality's flagship property with corporate headquarters located in the building.

The sponsor has continued to invest in the asset over time, including recent capital improvements completed in 2025 featuring significant guestroom renovations, upgrades to public spaces and modernization of building systems and elevators. The Denver-based, fourth-generation family business currently owns four Magnolia-branded hotels across Denver, St. Louis, Houston and Omaha. Operations are handled by CoralTree Hospitality, a Denver-based management company.

The JLL Hotels & Hospitality team was led by Managing Director Mike Huth, Senior Director Wyatt Krapf and Associate Henry Winchester.

"Stout Street Hospitality has demonstrated exceptional stewardship of the Magnolia Hotel Denver, transforming a historically significant landmark building into a distinctive boutique hotel while successfully navigating the unprecedented challenges of the COVID-19 pandemic," Huth said. "The latest renovation positions the hotel well for strong future performance."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Founded in 1993, Stout Street Hospitality is a fourth-generation family business. The Denver-based company focuses on development, management, asset management, acquisition, re-branding, new construction, and conversion of existing independent hotel properties. The core product line consists of award-winning, independent boutique hotels under the Magnolia brand. The company currently owns Magnolia hotels in Denver, Houston, Omaha, and St. Louis. For more information, visit www.stoutstreethospitality.com.

PPM is a US-based institutional asset manager with $94.95 billion in assets under management as of March 31, 2026. Established in Chicago in 1990, PPM offers investment capabilities in public fixed income, commercial real estate debt, private and structured credit, private equity and CLO management. PPM exists to consistently support institutional clients in achieving their long-term value goals. We offer our mentality of hard work, straight talk, full transparency and humility. Our success is supported by a team-based culture that encourages debate, collaboration and consistency. At the center of our belief is the fact that our best ideas to date have and can come from any team member anywhere in our firm. We believe the success of our investment culture is best demonstrated by the strong retention of our clients and investment professionals. For more information, visit ppmamerica.com.