search

The Real Deal Logo

Trending

Trump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords
South Florida

Gordon Campbell Gray agrees to operate Palm House

Gordon Campbell Gray
Gordon Campbell Gray

A prominent hotelier is now overseeing the Palm House hotel project, which has been in the works for seven years.

Gordon Campbell Gray, who is based in London and Beirut, agreed to take operational control of the Palm Beach project, the Palm Beach Daily News reported. Property owner 160 Royal Palm originally approached Gray last fall but couldn’t finalize an agreement with the hotelier until recently. Gray hopes to get the 92-room hotel ready to open by the end of 2014.

Sign Up for the undefined Newsletter

Developer Glenn Straub sold the Palm House property to 160 Royal Palm for $10 million in September 2013. Straub acquired the hotel during a 2009 foreclosure auction. The original developer, Robert Matthews of Palm Beach, ran into financial problems after beginning a renovation of the hotel in 2007.

Gray’s CampbellGray Hotels runs boutique hotels in Antigua and Lebanon. His track record includes the creation of One Aldwych in London and the Feathers in Cotswolds, U.K. [Palm Beach Daily News] — Eric Kalis

Tags
HotelsPalm Beach