The Chesterfield, a single of Palm Beach’s historic boutique hotels, just lately sold for $42 million to Reuben Brothers, a British non-public-equity and genuine estate firm operate by billionaire brothers David and Simon Reuben. 

With 42 rooms and 11 suites, the resort has been running as normal given that the sale was recorded at the tail close of April.

For subscribers only: Large sale in Palm Beach front – The Chesterfield boutique resort sells for $42 million in Palm Beach, deed demonstrates

Here are 5 matters to know about the resort at 363 Cocoanut Row, which was selected a landmark by the town in 1991 and is mentioned in the Countrywide Sign-up of Historic Sites. 

Did you know The Chesterfield not long ago ranked No. 1 in Florida among Conde Nast viewers?

With its Mediterranean-style architecture, The Chesterfield boutique hotel in Palm Beach sold for a recorded $42 million in April 2022. Courtesy of The Chesterfield

In Oct 2021, The Chesterfield was named No. 1 of 15 resorts in Florida in the once-a-year Condé Nast Traveler Readers’ Option Awards for hotels and resorts. All those who participated in the survey through the Conde Nast internet site weighed in on criteria such as the quality of rooms, company, food stuff, structure, place, things to do/facilities and price.

Chesterfield at the major of the list:Four island places get nod from Condé Nast viewers

The Brazilian Court in Palm Beach rated No. 4 on the same checklist. A related listing ranking larger Florida resorts rated the Four Seasons Palm Beach front No. 2 and The Breakers Palm Beach No. 14, even though Eau Palm Seashore Vacation resort & Spa in close by Manalapan came in at No. 6.

The Chesterfield in Palm Beach offers this Queen Superior room among its 42 rooms and 11 suites.

The Chesterfield opened throughout the Florida true estate increase of the 1920s

The Chesterfield has passed by way of numerous hands and long gone via a selection of title variations considering the fact that it opened during the Florida true-estate growth of 1926, a calendar year that noticed a amount of motels open in town. At first named the Lido-Venice, the hotel was explained shortly immediately after its opening as “one of the common destinations for modern society … and a wonderful new addition to Palm Beach’s listing of dining establishments and cabarets.” The operator, Lido-Venice Corp. of New York, experienced the building’s inside adorned in an correctly Venetian style. 

For decades, the Palm Beach hotel today known as The Chesterfield operated as The Vineta, seen here in an undated photograph.

Who owned the Chesterfield hotel?

From 1928 right up until 1977, the lodge was regarded as The Venita right before it was renamed, beneath new possession, the Royal Park. In 1980, the hotel was transformed into condos, and by 1985 was regarded as The Palm Court docket, working as a lodge condominium. In 1989, it was obtained by an ownership company affiliated with Beatrice Tollman and her late husband, Stanley.