Estates, Landmarks, Landowners, News Desk
- June 18, 2013
-
Views: 57
Larry Ellison Gets Green Light on Lanai
![](https://dev.landreport.com/wp-content/uploads/2010/08/271ranch-lg.jpg)
Larry Ellison’s Lanai Resorts received the go-ahead for a new ultra-luxury hotel on the Hawaiian island he bought last year. The Lanai Community Plan Advisory Committee approved the building of a new hotel on the site of the old Club Lanai on the eastern side of the Pineapple Island. The approval is yet another example of the many investments that the Oracle CEO has made since buying the island. Businesses big and small report a substantial uptick in revenues since the sale last June by previous owner David Murdock. Ellison paid an estimated $500 million for 98 percent of the 141-square-mile island. The State of Hawaii and private homeowners own the other 2 percent. Included in the purchase were two Four Seasons Resorts as well as other improvements.
Photo Credit: Wall Street Journal
Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
RELATED ARTICLES
Supreme Court Declines Coastal Act Case
A decade-long legal battle by Sun Microsystems co-founder Vinod Khosla over private property rights versus …
USDA Establishes Climate Hubs
The U.S. Department of Agriculture has established seven regional hubs to address increasing risks from …
The SMS Brand
An energetic Swede, Svante Swenson established a 680,000-acre ranching empire north of Abilene. Texas history brims …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.