The building, a part of the Denver Place complex, was completed in 1983, and rises 38 floors and 390 feet (119 m) in height.

The building was constructed as Park Suite Hotel[3] in 1983,[2] at which point it was the second-tallest hotel building in Denver, behind the 522-foot (159 m) MCI Building, now known as 707 17th Street; this structure is a mixed use hotel and commercial property whose lowest 20 floors are occupied by a Private Condominium (floors 15-19) and a Ritz-Carlton (Ground-14).

In 2005, the building began a renovation and conversion of its lower hotel floors to a Ritz-Carlton hotel and private wholly owned condominiums (floors 15-19).

[1] This conversion was completed in early 2008, and the hotel had its grand opening ceremony on January 11, 2008.

On June 20, 2020, Plant Holdings North America, Inc. purchased the property.