Billionaire Now Owns All of Lanai's Hotel Rooms

By: AP Email
By: AP Email

LANAI CITY, Hawaii (AP) - Billionaire Larry Ellison has purchased the historic Hotel Lanai.

The Honolulu Star-Advertiser (http://ow.ly/zQLTQ ) reports the deal that closed last month now makes Ellison the owner of every hotel room on the island.

Mary Charles' business owned and operated the hotel in Lanai City since 2007. She tells the Maui News (http://ow.ly/zQLW5 ) that she believes most of the 28 hotel staffers remain employed at the 10-room hotel.

Ellison's company Pulama Lanai confirmed the deal but declined further comment. The sale price is undisclosed.

The Oracle Corp. CEO purchased 98 percent of Lanai in 2012, including the two other hotels on the island.

Hotel Lanai is less expensive than the two upscale resorts. Hotel Lanai was built in 1923 for Dole Plantation executives.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 269572501 - kolotv.com/a?a=269572501