The birthplace of NASCAR will soon be up for grabs to the highest bidder.
The Streamline Hotel in Daytona Beach, Florida, just a few miles from Daytona International Speedway, is scheduled to be placed on an online auction between April 1-3, offered by Ten-X Commercial.
According to the Daytona Beach News-Journal, the opening bid will be $2.3 million, but current Streamline owner Eddie Hennessy is hoping the bidding tops $7 million, with a reserve for the auction set at $7.5 million.
It was on the rooftop bar that the foundation for NASCAR was laid back in 1947.
The hotel underwent a major $6 million renovation and reopened in 2017. But Hennessy has decided he wants to get out of the hotel ownership business.
“What I am concentrating on now is to move on to other properties and continue on working with other developments,”Hennessy told the News-Journal.“I’m not a hotelier, not a restaurateur, not a bar owner.
“Operating a hotel is a 24-7 thing and it has taken up a lot of my time. Now it’s time to move on, time for someone else as a hotelier to take over and run the hotel.”
