Downtown Minneapolis’ Rand Tower will see new life as a boutique hotel.
Maven Real Estate Partners has announced that they will transform the 26-story building located at 527 S Marquette Avenue into Minnesota’s first hotel under Marriott’s Tribute Portfolio flag. An $86 million renovation will reposition what is currently office space into a 277-room, four- and half-star hotel called the Rand Tower Hotel.
As we mentioned, the hotel will be part of Marriott’s Tribute Portfolio. Now, what exactly does it mean when a hotel is part of the Tribute Portfolio?
Marriott’s Tribute Portfolio is a group of independent boutique hotels that are each unique and influenced by their surrounding areas. Their properties offer elevated experiences, curated services and an overall stay that is second to none. Currently there are 23 Tribute properties within the United States with a number of other locations spread throughout the world. Minneapolis’ Tribute hotel will pay homage to the history of the Rand Tower.
The Rand Tower was completed in 1929 and is now 90 years old. When the building when constructed it was one of the tallest structures within the city of Minneapolis, that is until one year later when the Foshay Tower was constructed and surpassed the Rand Tower in height.
The Rand Tower was designed for Rufus R. Rand by Architects Holabird & Root. Rufus was a pilot in WWI and WWII and was also a member of the family that owned the Minneapolis Gas Company (now CenterPoint Energy).
Holabird & Root designed the building in an Art Deco style. One of the prominent architectural features within the building is a large sculpture in the lobby entitled “Wings.” The sculpture was created by Oskar J. W. Hansen who also created the sculptures for the Hoover Dam.
In 1994 the Rand Tower was added to the National Register of Historic Places which means when it comes to the renovation the Developers, Architects and Designers needed to pay the attention to the details.
Minneapolis-based ESG Architecture & Design along with The Gettys Group are both working on on the design work for the renovation which will pay particular attention to the Art Deco styling of the building. Terrazzo floors in the lobby, detailed enameling and other historical architectural elements will remain while a touch of modern is also added.
While the renovations will see floor after floor of office space turned into hotel rooms it will also see the addition of a restaurant and bar which be located on the fifth floor.
The restaurant and bar on the fifth floor will include indoor and outdoor space. A new 2,315 square foot outdoor patio that will feature a retractable glass roof will be constructed on top of the fifth floor annex. The retractable roof will be able to fully open during the warmer summer months and will be able to close in the winter to protect guests from Minnesota’s harsh winters.
When complete the Rand Tower Hotel will be managed by Oxford Capital Group. The Chicago-based company has a number of luxury hotels spread across the country including the Langham Chicago and LondonHouse Chicago.
The conversion of the Rand Tower is anticipated to be complete in December 2020.