The hotel was designed by Dwight James Baum and built in 1926 by developer Owen Burns who named it after his wife. The hotel opened on New Year's Eve 1926. John Ringling bought it after stock market crash of 1929 and renamed it the John Ringling Hotel. In 1964 it was renamed the John Ringling Towers and converted to apartments. By 1980 it was vacant and deteriorating. On March 5, 1987, it was added to the U.S. National Register of Historic Places, but the building was razed in 1998 to make room for the Sarasota Ritz-Carlton.