Tech Billionaire Buys Lanai, 2 Four Seasons
From Pacific Business News:
Price Estimated at $500 Million
Billionaire Larry Ellison, founder and CEO of Oracle, has signed an agreement to purchase 98 percent of the Hawaiian island of Lanai from fellow billionaire David Murdock, according to documents filed with the Hawaii Public Utilities Commission. According to the documents, filed Tuesday with the PUC, the sale includes the two resort hotels — the Four Seasons Resorts Lanai at Manele Bay and the Four Seasons Resorts Lanai, Lodge at Koele — two championship golf courses and club houses, The Experience at Koele and The Challenge at Manele and more than 88,000 acres of land. Click here for the full story.
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