Larry Ellison, the software billionaire, has recently acquired the Eau Palm Beach Resort & Spa in Manalapan, Florida. The exact price of the acquisition has not been disclosed, but it is a significant move for Ellison in expanding his hotel portfolio. The previous owner, Lewis Trust Group, purchased the hotel back in 2003, and after undergoing various transformations, it was rebranded to its current independent name in 2013. The property is a part of the Preferred Hotels & Resorts Legend Collection and boasts a rich history dating back to its establishment as La Coquille Club in the 1950s.
The Eau Palm Beach Resort & Spa has a storied past, having once been a playground for elites such as the Fords, Vanderbilts, and Rockefellers. Over the years, the property has undergone several changes, with the Simon family obtaining permission to rebuild the Ritz-Carlton Palm Beach in the 1990s. The 8-acre resort offers luxurious amenities such as seaside swimming pools, a vast spa, meeting spaces, and multiple dining options. Despite the modern upgrades, the resort still maintains its historical charm, with the locals continuing to enjoy the La Coquille Club within its premises.
Ellison, who already owns a variety of luxury properties, including the Four Seasons Resort Lanai and Nobu Hotel Palo Alto, has expressed his commitment to further invest in the Eau Palm Beach Resort & Spa. The recent multimillion-dollar renovation in 2022 indicates Ellison’s dedication to enhancing the guest experience and maintaining the property’s reputation as a premier destination in Florida. With Ellison’s strategic vision and deep pockets, the resort is poised for further growth and success in the luxury hospitality sector.
The acquisition of the Eau Palm Beach Resort & Spa by Larry Ellison marks a new chapter in the property’s evolution. As a seasoned investor and hospitality mogul, Ellison’s involvement is expected to elevate the resort’s status and attract discerning travelers seeking a luxurious retreat in Palm Beach. With Ellison’s ambitious plans for the property, including additional investments and enhancements, the Eau Palm Beach Resort & Spa is set to solidify its position as a top-tier destination for luxury hospitality in the region.