Not great
Having toured around the US for a few weeks and spending time in 8 different hotels we have gotten a good feeling for what is considered good. Unfortunately the Magnolia isn't great. 
Positives - room a nice size, complimentary town car to anywhere downtown
Negatives - The furniture in the hallway on the 14th floor is filthy, the breakfast area looks temporary at best. Decor looks put together in a hurry