Larry Ellison’s Bold Move.. Oracle Billionaire Snags $300M Palm Beach Resort Amid Luxury Real Estate Boom
Billionaire Larry Ellison has purchased a luxury Palm Beach resort that was seeking $300 million. The acquisition boosts his extensive real estate empire. The deal was confirmed on August 9, 2024. Ellison’s new property is the Eau Palm Beach Resort & Spa, located in Manalapan, Florida.
Key takeaways:
- Larry Ellison buys Eau Palm Beach Resort & Spa.
- The resort was previously listed for $300 million.
- Ellison’s net worth is estimated at $162 billion.
- The resort features 309 luxury rooms and amenities.
Larry Ellison Expands His Real Estate Portfolio with Palm Beach Resort Purchase
On August 9, 2024, Larry Ellison, one of the world’s wealthiest individuals, made headlines by purchasing the Eau Palm Beach Resort & Spa. This luxurious 309-room resort is located just south of Palm Beach and was previously owned by the Lewis Trust group since 2003. The property, which has a rich history dating back to the 1950s, was once a favorite among America’s elite.
Details About the Eau Palm Beach Resort & Spa and Its History
The Eau Palm Beach Resort & Spa is an eight-acre property featuring a variety of accommodations, including guest rooms and suites. It also boasts several restaurants, event spaces, a beach, a gym, and a spa. The resort underwent a multi-million dollar renovation in 2022, enhancing its appeal and modernizing its facilities.
Ellison’s Plans for the Resort and Future Improvements
While specific details about future improvements have not been disclosed, Ellison intends to enhance the resort further. The staff will remain on board, ensuring continuity in service and hospitality.
- Renovations completed in 2022.
- Staff retention for operational consistency.
- Potential upgrades to amenities and services.
Ellison’s real estate investments include owning 98% of the Hawaiian island of Lanai and several luxury hotels, such as Nobu in California. His primary residence is also located in Hawaii, showcasing his affinity for coastal living.
