Oracle Co-Founder Larry Ellison Buys Luxury Florida Resort
Ellison's Expanding Hotel Portfolio
Larry Ellison, the co-founder of Oracle and one of the world's richest people, has made another significant addition to his growing hotel portfolio with the acquisition of the Eau Palm Beach Resort & Spa in Manalapan, Florida.
Acquisitions in Recent Years
- Hyatt Regency Lake Tahoe
- Porcupine Creek Ranch in Montana
- Manele Bay Hotel on Lanai
Eau Palm Beach Resort & Spa
The Eau Palm Beach Resort & Spa is a five-star, 309-room resort situated on a pristine stretch of beach overlooking the Atlantic Ocean.
Amenities include:
- Multiple restaurants and bars
- Extensive spa and wellness facilities
- Championship golf course
- Private beach club
Ellison's purchase price was not disclosed, but the resort was reportedly listed for $350 million.
Ellison's Hotel Investments
Ellison's acquisition of the Eau Palm Beach Resort & Spa is part of his broader strategy to invest in luxury hotels and resorts.
He currently owns or has stakes in:
- The Beverly Hills Hotel
- The Four Seasons Resort Hualalai
- The Grand Wailea Resort Hotel & Spa
Ellison's investments reflect his belief in the long-term value of high-end hospitality assets.
Conclusion
With the acquisition of the Eau Palm Beach Resort & Spa, Larry Ellison continues to expand his luxury hotel empire. His strategic investments in this sector underscore his confidence in the resilience and growth potential of the hospitality industry.
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