Larry Ellison, the billionaire cofounder of Oracle, has acquired the five-star Eau Palm Beach Resort & Spa in Manalapan, Florida.
Larry Ellison is largely known for his tech innovations, but the Oracle cofounder is just as invested in hospitality—literally.. The five-star hotel has existed in many iterations since it was established in the 1950s; Ellison is taking over the property from the Lewis family, who held control since 2003.London Is an Easy Flight From Paris After the Olympics. Here’s What to See and Do in the Big Smoke.
The Eau Palm Beach was initially known as La Coquille Club, a beach club where families such as the Vanderbilts and Rockefellers vacationed. In the 1970s, La Coquille was torn down by the Simon family, who built the Ritz-Carlton Palm Beach in its place. In 2013, the Lewis family rebranded the property as the Eau Palm Beach. Ellison’s investment in the Eau Palm Beach will go toward future updates that hope to refresh the property but maintain its prestige.
It was not made clear how much Ellison paid for the property, but his hotel portfolio has now expanded to the Sunshine State.Tori Latham is a digital staff writer at Robb Report. She was previously a copy editor at The Atlantic, and has written for publications including The Cut and The Hollywood Reporter. When not…London Is an Easy Flight From Paris After the Olympics. Here’s What to See and Do in the Big Smoke.
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