MINNEAPOLIS-The $90 renovation and conversion of the former Foshay Tower office building has now been opened as the new W Minneapolis – the Foshay. The 32-story historic structure, built by utility company businessman Wilbur Foshay in 1929, now features 211 guest rooms and 18 suites. Real estate entrepreneur Ralph Burnet with Foshay Hotel LLC led the redevelopment.

Burnet tells GlobeSt.com that an upscale hotel was needed in the Downtown, though there wasn’t many options available. “There had been a void in the local market when it came to luxury hotel accommodations,” he says. “This was a way to restore a significant historic building and make it accessible.” Foshay built the tower to resemble the Washington Monument, but never got to occupy the structure – he lost everything in the stock market crash months after the building opened.

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