Who Owns Lanai hiSo who owns Lanai hi?
Larry Ellison, the company's chief executive, now owns every room on Lanai after closing July 7th with the acquisition of the prestigious Lanai City. Ellison's Lanai Resorts LLC did not disclose the amount of money received from the vendor Lanai Hospitality Partners LLC Prince Mary Charles. This 10-room motel was initially constructed in 1923 by James Dole of Ananas-Rhehm, as a haven for managers of Dole Ananas.
It was the only lodge on the islands for centuries until Castle & Cooke opened the Lodge in Koele in 1990 and the Manele Bay in 1991. Since 2006 the resort bears the Four Seasons Resort Lanai name. Ellison purchased 97% of Lanai in June 2012, which includes the two Four Seasons SPAs.
It plans to construct another high-end holiday complex on the isle. The Lanai is the only other hotelier on the islands, situated on a hillside with a view of Lanai City. Charles, her man Tom Kiely and her cousin Michael Charles purchased the facility in 2007, shut it down for about a months refreshment and then re-opened it with Michael Charles and his friend Michelle Kommes in executive roles.
At the end of last year, the duo had calmly contacted Ellison's Lanai Resorts to see if the firm was interested in buying the real estate, "but at that point they weren't," said Charles. Charles' firm recorded the ownership with Maui Realtor Chris Millen, "and there was some interest, and we were going to actually be selling to a Maui being, and then Lanai checked resort group" and said they wanted to buy it, she said.
Workers, which includes head cook Ella Juliano, who manages the hotel's Lanai City Grill eatery, live at Lanai Resorts, and Charles' office "is still there to help with the transition," she said. Lanai has extra short-term rents for holidays known in the industry as "Resort Residential", said Joseph Toy, chairman of Hospitality Advisors LLC.
"As Castle & Cooke designed the two estates, they also designed complexes of residences (land) that included detached houses, townhouses and the like," he said. "There' s a few shortterm rentals in Lanai," but as far as the rooms are concerned, Toy confirms Ellison now owns them all. "It' s a funny little place..... a lovely place," said Toy, "and it is also the hub " to take visitors from Lanai City to Four Seasons Lanai Lodge in Koele.