Billionaire now owns all of Lanai's hotel rooms

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.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Top Stories

  • Placing Blame
    Jason Rantz says it's the Seattle DOT that's to blame for our awful commutes

  • Spider Season
    Just in time for Halloween, western Washington spider season in full effect

  • Seattle Drivers
    10 reasons we know you're a Seattle driver
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.