Florida Hawaiian/Tiki Resorts - Collecting Tiki

HH Hurricane Hayward Grand Member (1 year) 16 miles from The Mai-Kai Joined: Jun 07, 2008 Posts: 1909	HH Hurricane Hayward Posted posted on Fri, Jan 27, 2012 11:46 PM I've got an important update on the Palm Beach Oceanfront Inn (formerly the Palm Beach Hawaiian), which has been featured extensively on this thread and which I photographed back in 2008: http://www.tikicentral.com/viewtopic.php?mode=viewtopic&topic=29385&forum=5&start=30 Story from today's Palm Beach Post: http://www.palmbeachpost.com/money/real-estate/palm-beach-oceanfront-inn-on-the-market-for-2130839.html Palm Beach Oceanfront Inn on the market for $12.95 million Perched above crashing waves at weathered wooden tables, Tides Bar & Grille diners drink in the quaint locale and oceanfront view even while the 49-year-old landmark is up for sale and under foreclosure. Palm Beach Oceanfront Inn has a lot of history and was a favorite for victory parties by South Palm Beach officials. It's available for $12.95 million, according to a Loopnet.com listing. It was purchased for $3.3 million in 2002. Tucked in between a line of condos and across the street from South Palm Beach City Hall, the 58-room hotel and restaurant, built in 1963, has maintained its air of Polynesian style with a winged roof that harkens to the days it was operated as the Palm Beach Hawaiian Ocean Inn. That was before the Paloka family, as Kosova Realty Corp., bought it. Bigger changes were planned, but the Paloka family is focused on selling and dealing with the foreclosure at this point. Click on the link above for the full story. That $12.95 million figure sounds a little fishy considering it went for $3.3 million in 2002. I'm afraid the odds are slim that it will be preserved, let alone restored, but who knows. I'll try to make it up there for another visit before any major changes are made.

I've got an important update on the Palm Beach Oceanfront Inn (formerly the Palm Beach Hawaiian), which has been featured extensively on this thread and which I photographed back in 2008:
http://www.tikicentral.com/viewtopic.php?mode=viewtopic&topic=29385&forum=5&start=30

Story from today's Palm Beach Post:
http://www.palmbeachpost.com/money/real-estate/palm-beach-oceanfront-inn-on-the-market-for-2130839.html

Palm Beach Oceanfront Inn on the market for $12.95 million

Perched above crashing waves at weathered wooden tables, Tides Bar & Grille diners drink in the quaint locale and oceanfront view even while the 49-year-old landmark is up for sale and under foreclosure.

Palm Beach Oceanfront Inn has a lot of history and was a favorite for victory parties by South Palm Beach officials. It's available for $12.95 million, according to a Loopnet.com listing. It was purchased for $3.3 million in 2002.

Tucked in between a line of condos and across the street from South Palm Beach City Hall, the 58-room hotel and restaurant, built in 1963, has maintained its air of Polynesian style with a winged roof that harkens to the days it was operated as the Palm Beach Hawaiian Ocean Inn. That was before the Paloka family, as Kosova Realty Corp., bought it.

Bigger changes were planned, but the Paloka family is focused on selling and dealing with the foreclosure at this point.

Click on the link above for the full story.

That $12.95 million figure sounds a little fishy considering it went for $3.3 million in 2002. I'm afraid the odds are slim that it will be preserved, let alone restored, but who knows.

I'll try to make it up there for another visit before any major changes are made.

Post #622713 by Hurricane Hayward on Fri, Jan 27, 2012 11:46 PM