[2] NASCAR founder Bill France, Sr. and numerous drivers, officials, and promoters gathered in the Ebony Club's rooftop hotel bar on December 14, 1947.

The meeting concerned various issues such as drivers failing to get paid due to promoters leaving races with the gate receipts before they ended, along with the lack of consistent rules.

[3] After 69 days of conversations and ideas, the meeting adjourned on February 21, 1948[4] with the formation of the National Stock Car Racing Association (NSCRA), but was later renamed to NASCAR after it turned out that there was another sanctioning body by that name.

In 2006, Frank Heckman, chairman of the Main Street-South Atlantic Avenue Redevelopment Board stated that Daytona Beach expressed interest in purchasing the hotel, potentially converting the building to a NASCAR museum and tourist attraction.

$400,000 had reportedly appeared on the board's budget under the "historic preservation" category, which was possibly intended to help restore the hotel.