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In 2007 it hosted the 87th annual Sir Thomas Lipton Inter-Club Challenge sailboat race, an Olympic style GYA racing event for sailors of Flying Scot dinghys.
He died from cancer as Spanish Ambassador in the US in New York, aboard Sir Thomas Lipton's yacht, aged 51.
He may have chosen the name Ceylon in recognition of a CPR station of the name in Ontario, or it may have been named for a yacht that was owned by Scottish merchant Sir Thomas Lipton (whose name still graces tea bags to this day).
It has maritime artworks, lifelike wax figures of sailing icons (a saluting Dennis Conner, John Cox Stevens, Sir Thomas Lipton & more), while the main exhibition area is circled with pennants from clubs around the world.