NASCAR birthplace, Streamline Hotel, soon to go on auction block
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.”