Gulf Stream Hotel
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The Gulf Stream Hotel is a historic
hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a re ...
in Lake Worth Beach,
Florida Florida ( ; ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders the Gulf of Mexico to the west, Alabama to the northwest, Georgia (U.S. state), Georgia to the north, the Atlantic ...
. It is located at 1 Lake Avenue, Lake Worth Beach, Florida in Palm Beach County. It was added to the
U.S. The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 states and a federal capital district, Washington, D.C. The 48 contiguous ...
National Register of Historic Places The National Register of Historic Places (NRHP) is the Federal government of the United States, United States federal government's official United States National Register of Historic Places listings, list of sites, buildings, structures, Hist ...
in 1983.


History

Originally built in 1923 as El Nuevo Hotel, the hotel was renamed the Gulf Stream Hotel in 1924 and later became the Gulfstream Hotel. Located at 1 Lake Avenue in Lake Worth Beach, Florida, it was developed to accommodate the influx of visitors during the real estate boom. The project, led by G.H. Glover, William Nutter, and Frank Heywood, was backed by local banks and investors. Construction faced financial delays, but after a redesign by G. Lloyd Preacher & Company, the hotel opened on January 25, 1925, at a final cost exceeding $600,000. As banks failed across South Florida, the hotel struggled financially. The devastating 1928 hurricane caused severe damage, forcing its closure. It remained shuttered until 1936 when it was sold at a tax auction for just $25,000. General Richard C. Marshall II and Colonel H. Cabel Maddux purchased the property, forming the Hygeia Hotel Company. They undertook extensive renovations, and by 1937, the hotel reopened, thriving as the economy improved. From 1941 to 1971, Ben Pease managed the hotel, after which William R. Donnell and his family took over operations until 1992. On January 11, 1983, the hotel was added to the U.S. National Register of Historic Places as the Gulf Stream Hotel. In 2005, the hotel closed due to financial difficulties and mismanagement. Ceebraid-Signal Corp purchased it for $12.9 million, but it later faced
foreclosure Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has Default (finance), stopped making payments to the lender by forcing the sale of the asset used as the Collateral (finance), coll ...
.


Media

A book was written about the classic hotel in 1976 titled ''The Gulf Stream Hotel Story'' by Glenn Ingram.


Restoration

After being vacant for approximately 15 years, restoration efforts are underway to restore the property led by Amrit and Amy Gill of Restoration St. Louis. The renovation plans include restoring the original 90-room hotel and constructing an adjacent mixed-use building. The project is expected to be completed within 24 months from its commencement, in two phases with an anticipated phase one opening date in late 2025 lead by general manager, Lawrence Cassenti.


References


External links

{{Commons category, Gulf Stream Hotel
Gulfstream Hotel official website

Gulf Stream Hotel as listed on the National Register of Historic Places

City of Lake Worth Beach, Gulfstream Hotel Project

Restoration St. Louis


a
National Register of Historic Places

On Lake Worth

Florida's Office of Cultural and Historical Programs
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Palm Beach County listings
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Gulf Stream Hotel
Buildings and structures in Lake Worth Beach, Florida National Register of Historic Places in Palm Beach County, Florida Hotels in Palm Beach County, Florida 1923 establishments in Florida