JLL arranges refinancing for historic Magnolia Hotel Omaha

OMAHA, Neb., May 27, 2026 - JLL Capital Markets announced today it has arranged the refinancing for the Magnolia Hotel Omaha, a 145-key full-service boutique hotel located in the heart of downtown Omaha's historic Old Market district.

JLL worked on behalf of the borrower, Stout Street Hospitality, to secure a loan through Keswick Strategic Capital.

The property, built in 1923 as the Aquila Court Building and named to the National Register of Historic Places in 1974, features more than 11,000 square feet of meeting and event space, including the 1,924-square-foot Magnolia Ballroom and a 2,744-square-foot outdoor courtyard that accommodates up to 300 guests. The four-story hotel offers 20 suites, including a 1,200-square-foot presidential suite that is the largest available hotel room in Omaha, along with Olive & Ira's restaurant and bar serving locally sourced American fare for three meals daily, a business center and a 24-hour fitness center.

Centrally located within the Old Market District, the Magnolia Hotel Omaha is ideally positioned to capture demand from major annual events including Berkshire Hathaway's shareholders meeting in early May and the NCAA Men's College World Series in mid-June, in addition to year-round corporate and leisure business. Omaha is in the midst of a transformative urban renewal, with over $9 billion in new development projects set to reshape the city's landscape, including the 44-story Mutual of Omaha building currently under construction 0.2 miles from the hotel. Additional developments nearby include a $200 million expansion of the Omaha Convention Center located 1.3 miles away, scheduled for completion in summer 2027, and a $950 million modernization of Eppley Airfield 3.8 miles from the property set to wrap up in 2028, among others. The downtown Omaha submarket encompasses 27 hotels totaling approximately 4,500 rooms, with no new hotels currently under construction or proposed in the area.

Stout Street Hospitality acquired the property in 2006, when it operated as the Sheraton Omaha, and executed a comprehensive transformation that resulted in the hotel reopening as the Magnolia Omaha in 2007. The sponsor has continued to invest in the asset over time, including recent renovations featuring a comprehensive restaurant update, enhanced public areas and guestroom furnishings, upgraded building systems, roof replacement and elevator modernization. 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.

"The sponsor's proven ability to create distinctive boutique hotels with superior guest satisfaction scores and robust margins, evidenced by their portfolio of four Magnolia-branded properties, was a key factor in securing favorable financing terms," Krapf said. "With downtown Omaha experiencing unprecedented investment momentum and the hotel demonstrating strong performance fundamentals, this refinancing reflects solid lender confidence in both the asset and the market."

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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