Gulf Stream Hotel
Encyclopedia
The Gulf Stream Hotel is a historic hotel
Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...

 in Lake Worth
Lake Worth, Florida
Lake Worth is a city in Palm Beach County, Florida, which takes its name from the body of water along its eastern border, originally called "Lake Worth", and now generally known as the Lake Worth Lagoon. The lake itself was named for General William J. Worth, who led U.S. forces during the last...

, Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...

. It is located at 1 Lake Avenue. On January 11, 1983, it was added to the U.S.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 National Register of Historic Places
National Register of Historic Places
The National Register of Historic Places is the United States government's official list of districts, sites, buildings, structures, and objects deemed worthy of preservation...

.
This historic restored hotel, is located "Where The Tropics Begin", adjacent to the Intracoastal Waterway
Intracoastal Waterway
The Intracoastal Waterway is a 3,000-mile waterway along the Atlantic and Gulf coasts of the United States. Some lengths consist of natural inlets, salt-water rivers, bays, and sounds; others are artificial canals...

 in downtown Lake Worth, in the center of the Palm Beach
Palm Beach, Florida
The Town of Palm Beach is an incorporated town in Palm Beach County, Florida, United States. The Intracoastal Waterway separates it from the neighboring cities of West Palm Beach and Lake Worth...

 area. The hotel is a short walk to beaches, shopping, restaurants, and the waterside Lake Worth Golf course. The only remaining grand hotel of Palm Beach's "Roaring 20's", the Gulfstream has 80 percent of its rooms facing water.

Originally built in 1923 the hotel was mostly owned by the families of Gen. Richard C Marshall and Col. H.Cabel Maddox. From 1941 to 1971 it was managed by Ben Pease. After Pease retired, William R. Donnell, along with his wife Ellen, son Rick, and daughters Beth and Carol ran the operations until 1992.

A book was written about the classic hotel in 1976 titled "The Gulfstream Hotel Story" by Glenn Ingram. Ingram was a career CPA from Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...

 who spent many winters at The Gulfstream with his wife Nelle.

Ceebraid-Signal Corp Lake Worth purchased the hotel in 2005 for $12.9 million. It is currently the target of a foreclosure
Foreclosure
Foreclosure is the legal process by which a mortgage lender , or other lien holder, obtains a termination of a mortgage borrower 's equitable right of redemption, either by court order or by operation of law...

lawsuit.
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