GRAND OLE’ GULFSTREAM HOTEL IN LAKE WORTH, FLORIDA GETTING A NEW LIFE

A historic building on the National Register of Historic Places has been involved in a long-running foreclosure lawsuit.  Sitting at the west end of the Lake Worth Bridge, the hotel looks forlorn when you drive by, with memories of wonderful meals there. 

The 106-room hotel, built in 1923, reportedly defaulted on a loan for $16.7MM.This is the only remaining Grand Hotel of Palm Beach’s “Roaring 20’s” era.

New owners say that the historic façade will remain as is.  They are looking for a top-notch restauranteur and a brand to manage the hotel.  Rooms and the interior will be upgraded but no architect has been selected yet.  The deal included two vacant acres, and plans have not yet been made for what to build on that land.  How about a theatre on the style of the Kravis and Broward Centers?  Plenty of room for a parking garage.  That would make it a fine destination for weekend or week long visitors, and the dining room would overflow.

Intracoastal views are spectacular.  80% of it rooms face the water.  Other features include

• 7.5 miles to Palm Beach, FL
• 13 miles to Delray Beach, FL
• 5 minutes walking to Lake Worth Beach
• Private parking in the same building
• Roof top bar
  Looking forward to their reopening and this may just give Lake Worth a shot-in-the-arm for more cultural venues to buy into the area.  Good news indeed!