Palm Ballroom in Palm Beach Hotel aiming to avoid foreclosure sale [South Florida]
Just last year, the Palm Ballroom’s cypress ceiling covered cabaret shows and big-name acts like The Drifters.
Today, the dusty space within the Palm Beach Hotel looks like it last boogied in the 1920s, when the ballroom was built.
Absent a $3.26 million mortgage payment from owner Palm Beach Resorts International LLC, the ballroom hits the auction block next week, according to an order signed Sept. 4 by Palm Beach County Circuit Judge Jeffrey J. Colbath.
Sumner G. Kaye, of Palm Beach, and Steve Schwendemann, a St. Louis attorney, bought the 11,500-square-foot ballroom and adjacent 3,000-square-foot kitchen for $2.8 million in January 2007 from caterer Cornelius Johannes “C.J.” Van Schaffelaar and his partner, Hamilton Morrison.