The Magnolia Hotel (sometimes called the Magnolia Building, originally the Magnolia Petroleum Building) is a 29-story, Beaux-Arts style, upscale hotel in the Main Street District of downtown Dallas, Texas, that for many years was the tallest building in the state after surpassing the Adolphus Hotel. The structure is a Dallas Landmark and is listed on the National Register of Historic Places.
History
The building, which opened next door to the Adolphus Hotel in August 1922[3] at a cost of US $4 million, was originally the headquarters for the Magnolia Petroleum Company. In 1934, the company erected its trademark neon Pegasus on the building's roof (the Pegasus logo later became the logo of Mobil Oil who merged with Magnolia Petroleum in 1959) to celebrate the American Petroleum Institute's annual meeting, held in Dallas for the first time. The rotating winged horse came to represent the city of Dallas and became one of its most recognizable and endearing landmarks, even after the building became obscured by much larger skyscrapers