Daytona Beach’s iconic Streamline Hotel has new owners. MG Capital Partners, an investor group from New York, has agreed to purchase the hotel from its previous owner Eddie Hennessy.
It’s still best known as the place where NASCAR was formed as an official body in 1947.
The hotel sold for $6.75 million according to an initial report by the Daytona Beach News-Journal. That price is significantly higher than the $950k that Hennessy bought it for in April 2014, but for a reason: after making his purchase, Hennessy spent some $6 million renovating the facility after years of slow decay.
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