The Breakers is the only oceanfront property in the heart of Palm Beach. Founded in 1896 and listed on the National Register of Historic Places, the Breakers Palm Beach is one of Americas legendary resort destinations. This nonsmoking, 540 room, Italian Renaissance-style hotel resides on 140 acres of Oceanfront property in the heart of Palm Beach. Since 1990, the hotel has invested 225 million in an ongoing revitalization and expansion of the resort. Its timeless atmosphere, renewed in a style of residential elegance and energized with a youthful, family-minded philosophy. With the commitment of its original ownership, capital expenditures averaging 15 million a year will continue to be reinvested in the property for the long term, to ensure it remains appealing to future generations.