Anyone that was looking to purchase Eau Palm Beach can go ahead and put their checkbooks away because the beachfront resort and spa is no longer for sale.
In February, the resort hotel on Manalapan was put on the market. Recently though, the owners of the resort, London-based Lewis Trust Group had a change of heart and decided to pull the property off the market.
“After an extensive search, none of the parties that submitted bids ... met the terms of the owners of the hotel,” Eau spokesman Nick Gold told the Palm Beach Post on Wednesday. “So it’s no longer for sale. The Lewis family will continue to own and manage the hotel.”
Not only did the hotel owners decide to pull the property off the market, but they also announced that they will be doing some renovations and making other improvements to the hotel that they have owned since 2003. The plan is to redo the restaurants, lobby, hallways, and even the hotel rooms. These new renovations will join the long list of improvements the current owners have made to the hotel over the years, sinking over $100 million into the facility since '03.
The eight-acre Eau Palm Beach features two seaside swimming pools, a 42,000-square-foot spa, 32,000 square feet of meeting space and four restaurants. It has earned a Forbes Travel Guide Five-Star rating and an AAA Five-Diamond Rating. Its spa is ranked among the Top 25 in the World by Conde Nast Traveler.