The Westin Bayshore may be best known as the hideout for billionaire Howard Hughes when he was fleeing U.S. tax authorities in the early 1970s.
Others will never forget the Trader Vic's, the famous Polynesian-styled bar that closed in 1996.
Today, the Vancouver Sun reported that the landmark hotel along Vancouver's Coal Harbour has been sold to Concord Pacific.
No one is confirming the transaction, but a representative of a rival bidder estimated the final price to be in the $290-million range.
Avison Young's Bob Levine told the Sun that the development giant is probably hoping that in the future, the city will allow a new plan for the site. Hence the sky-high price.