
The men behind the building of the hotel were G.H. Glover of New York, a writer for Field & Stream magazine, Dr. William Nutter of Lake Worth and Frank Heywood, a manufacturer from Minneapolis.
Both local Lake Worth banks helped finance the project. It was going to be named El Nuevo, but by the time it was opened in 1925 its name had been changed to the Gulfstream Hotel. Much better. The total amount spent to build it, decorate it and furnish it was $600,000. It was six stories high, as it is now, with 135 rooms. It was damaged in the Palm Beach Hurricane of September 16, 1928, but unlike many buildings in Lake Worth, was able to withstand the winds that blew in excess of 100 miles an hour.
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