Magnolias are beautiful, and I think they would be a lovely addition to your tent! I don't think it would look too “holiday” at all. The leaves are so green and beautiful – I'm sure it'll add nice color to your decor!
I am helping my sister-in-law decorate a tent as well, and we were thinking of making flower garlands that hang down in strands. I think fresh garlands are an elegant touch! Good luck with your tent decorations.