Post #664108 by bigbrotiki on Tue, Jan 15, 2013 7:23 AM

On 2013-01-14 19:24, Hurricane Hayward wrote:

SOUTH PALM BEACH — The iconic Palm Beach Oceanfront Inn, known to locals as the Hawaiian, has been bought by new owners for $8.25 million.

The hotel was originally called the Palm Beach Hawaiian Ocean Inn and was designed in a Polynesian style. Its winged roof is a standout among the neighboring condominiums that line South Ocean.

Cohen said physical and operational improvements are planned for the inn and that a long-range “vision” will be announced in the near future.

The hotel has 58 guest rooms and the oceanfront Tides Bar & Grille.

The previous owners had wanted to raze the structure and rebuild it as a 14-story condominium hotel. They were willing to build the town a public safety building and new town hall to sweeten the deal.

I dunno - how are they gonna make that money back with 58 rooms and a bar & grille? I am curious about that long-range vision...