The Chesterfield, one of Palm Beach’s historic boutique hotels, recently sold for $42 million to Reuben Brothers, a British private-equity and real estate firm run by billionaire brothers David and Simon Reuben.
With 42 rooms and 11 suites, the hotel has been operating as usual since the sale was recorded at the tail end of April.
For subscribers only: Big sale in Palm Beach – The Chesterfield boutique hotel sells for $42 million in Palm Beach, deed shows
Here are five things to know about the hotel at 363 Cocoanut Row, which was designated a landmark by the town in 1991 and is listed in the National Register of Historic Places.
Did you know The Chesterfield recently ranked No. 1 in Florida among Conde Nast readers?
In October 2021, The Chesterfield was named No. 1 of 15 hotels in Florida in the annual Condé Nast Traveler Readers’ Choice Awards for hotels and resorts. Those who participated in the survey through the Conde Nast website weighed in on criteria such as the quality of rooms, service, food, design, location, activities/facilities and value.
Chesterfield at the top of the list: Four island spots get nod from Condé Nast readers
The Brazilian Court in Palm Beach ranked No. 4 on the same list. A similar list ranking larger Florida resorts ranked the Four Seasons Palm Beach No. 2 and The Breakers Palm Beach No. 14, while Eau Palm Beach Resort & Spa in nearby Manalapan came in at No. 6.
The Chesterfield opened during the Florida real estate boom of the 1920s
The Chesterfield has passed through multiple hands and gone through a number of name changes since it opened during the Florida real-estate boom of 1926, a year that saw a number of hotels open in town. Originally named the Lido-Venice, the hotel was described shortly after its opening as “one of the popular places for society … and a beautiful new addition to Palm Beach’s list of restaurants and cabarets.” The owner, Lido-Venice Corp. of New York, had the building’s interior decorated in an appropriately Venetian style.
Who owned the Chesterfield hotel?
From 1928 until 1977, the hotel was known as The Venita before it was renamed, under new ownership, the Royal Park. In 1980, the hotel was converted into condos, and by 1985 was known as The Palm Court, operating as a hotel condominium. In 1989, it was purchased by an ownership company affiliated with Beatrice Tollman and her late husband, Stanley.
House sale related to The Chesterfield: Beatrice Tollman sells Palm Beach mansion sells for $57M
Renamed The Chesterfield, it became part of the Tollman family’s Red Carnation Hotel Collection of international hotels and resorts. The Chesterfield was given an English theme in its décor and amenities, which it retains today – a nod at The Chesterfield Mayfair in London, which operates under the Red Carnation brand.
The Chesterfield’s Leopard Lounge is popular for drinks — or a bite
For years, visitors and Palm Beach residents have headed to the hotel’s main dining facility and bar, The Leopard Lounge & Restaurant. The décor is dramatic, with its black-lacquer walls, leather-lined banquettes and, of course, the famous leopard-print carpet — all topped by a hand-painted ceiling.
On late nights, the bar itself turns into a standing-room only affair, a place where the drinks flow as freely as the local gossip.
A little hotel music: The Dish: Music at the Leopard Lounge returns, including piano man Austin
Tea time at The Chesterfield is a popular tradition among locals
Among locals, The Chesterfield is well known as a destination for a charming and delicious treat – afternoon tea, served in the English style. Guests can choose to be served in the wood-paneled library, The Leopard Lounge or the outdoor courtyard.
The menu might include baked plain and raisin scones, cakes, clotted cream, strawberry preserves and hand-cut tea sandwiches, including a classic — cucumber and cream cheese. For your “cuppa,” you can choose among a variety of teas or order a flute of Champagne. The tea service is available noon to 4 p.m. by advance reservation. “We observe the noble tradition in the way it demands and were Lord Chesterfield still with us, he would heartily approve,” the hotel’s website says.
Will you pour out? Afternoon tea has long been a popular activity at The Chesterfield
Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email [email protected], call (561) 820-3831 or tweet @PBDN_Hofheinz. Help support our journalism. Subscribe today to The Palm Beach Post and the Palm Beach Daily News.
This article originally appeared on Palm Beach Post: Fast facts about Palm Beach’s Chesterfield hotel, just sold for $42M