 | A request that this article title be changed to Gulfstream Hotel is under discussion. Please do not move this article until the discussion is closed. |
Gulf Stream Hotel | |
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| Location | Lake Worth Beach, Florida |
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| Coordinates | 26°36′55″N 80°2′56″W / 26.61528°N 80.04889°W |
| Architect | G. Lloyd Preacher & Company |
| NRHP reference No. | 83001435[1] |
| Added to NRHP | January 11, 1983 |
The Gulf Stream Hotel is a historic hotel in Lake Worth Beach, Florida. It is located at 1 Lake Avenue, Lake Worth Beach, Florida in Palm Beach County. On January 11, 1983, it was added to the U.S. National Register of Historic Places.
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, Dr. 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 Gulfstream 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 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.[2]