The Sheraton-Landmark Hotel was designed in the then-popular brutalist style by architect Ross Lort and built by Vancouver businessman Ben Wosk, at a cost of $12 million,[1] by the oldest construction company on the West Coast, Smith Bros. & Wilson.

Southmark sold the three hotels to Los Angeles-based Daniel Lee two years later, for $82 million.

Lee lost the Sheraton Landmark to his creditors, and they sold it to Hong Kong-based Asia Standard International Group in 1997 for $57.75 million.

[3] Due to economic pressures as a result of rising property values within downtown Vancouver,[4] combined with the building's historically unpopular brutalist architecture[5] and relatively small floor space being prohibitive to redevelopment of the original tower into anything but another hotel,[6] it was decided to demolish the Empire Landmark Hotel and redevelop the site.

[7] The building will be replaced by two shorter condominium towers, at 31 and 32 storeys, with 237 market condos, 63 social housing units, and retail and office space on the bottom three floors.