Billionaire now owns all of Lanai’s hotel rooms
LANAI CITY, Lanai — Billionaire Larry Ellison has purchased the historic Hotel Lanai for an undisclosed price.
The deal that closed July 7 now makes Ellison the owner of every hotel room on the island.
Mary Charles’ Lanai Hospitality Partners LLC had owned and operated the hotel in Lanai City since 2007.
She said 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.
Ellison, the CEO of the Oracle Corp., purchased 98 percent of Lanai in 2012, including the two other hotels on the island.
Lanai Hospitality Partners had been trying to sell the hotel since last year.
“Doing business on Lanai was hard on a good day,” Charles said, adding it was difficult to compete with the other hotels, and the changes taking place under Ellison’s leadership affected business.
Charles’ company was about to sell to a Maui entity when Ellison’s Lanai company offered to buy it, Charles said.
After reviewing both offers, “we decided it would probably be best in their hands.”
Hotel Lanai, built in 1923 for Dole Plantation executives, is less expensive than the two upscale Four Seasons resorts.
The island has short-term residential vacation rentals, but Ellison now owns all Lanai’s hotel rooms, consulting firm Hospitality Advisors LLC President Joseph Toy said.
“It’s a fun little hotel,” he said. “A charming place.”
Rules for posting comments
Comments posted below are from readers. In no way do they represent the view of Oahu Publishing Inc. or this newspaper. This is a public forum.
Comments may be monitored for inappropriate content but the newspaper is under no obligation to do so. Comment posters are solely responsible under the Communications Decency Act for comments posted on this Web site. Oahu Publishing Inc. is not liable for messages from third parties.
IP and email addresses of persons who post are not treated as confidential records and will be disclosed in response to valid legal process.
Do not post:
- Potentially libelous statements or damaging innuendo.
- Obscene, explicit, or racist language.
- Copyrighted materials of any sort without the express permission of the copyright holder.
- Personal attacks, insults or threats.
- The use of another person's real name to disguise your identity.
- Comments unrelated to the story.
If you believe that a commenter has not followed these guidelines, please click the FLAG icon below the comment.