Larry Ellison Acquires Eau Palm Beach Resort

Larry Ellison, co-founder of Oracle, has acquired the Eau Palm Beach Resort & Spa in Manalapan, Florida, adding to his extensive luxury real estate portfolio. The sale, whose financial details remain undisclosed, was completed from the Lewis family, who had owned the property since 2003. Originally established in the 1950s as La Coquille Club, the resort has undergone several transformations, including its rebranding from a Ritz-Carlton to its current identity in 2013. Ellison plans to invest in upgrades while retaining the current hotel staff, aiming to preserve the resort's legacy of excellence and its Five-Star rankings. The property has been a favored retreat for prominent families, including the Vanderbilts and Rockefellers, and has received multiple accolades over the years. This acquisition reflects Ellison's commitment to the hospitality sector, which includes other prestigious properties like Nobu hotels and Sensei Lanai.