A writer observes the exploits of the rich and famous at an exclusive Palm Beach hotel, mining these observations for writing material. He is particularly inspired by the love affair between a handsome race car driving prince and a married socialite named Irene. Though unfaithful, Irene refuses to divorce her husband despite the prince's pleas and threats to kill himself if she does not. When the prince dies in a tragic car accident, Irene is certain that he did it on purpose. The tragedy, however, reinvigorates Irene's marriage, rekindling the romance between her and her husband that is inspired by the prince's love. But then the writer learns the dark secret behind the prince's death and the true nature of their love affair.