Conferences, meetings, seminars, lunches and weddings are all made unforgettable at the Magnolia Hotel Dallas Downtown. Our Dallas meeting venues accommodate groups up to 225 in our 8,000 square foot event space, including boardrooms, (7) breakout and meeting rooms and the Pegasus Ballroom. Accommodate up to 225 in the gorgeous Pegasus ballroom. The Pegasus ballroom is located in the historic Art Deco style Dallas Power & Light building. This 3,500 square foot meeting space in Dallas features LED up lighting, art deco designed mirrors, 18-foot ceilings, beautiful chandeliers and sumptuous draperies.