Larry Ellison, the tech mogul and Oracle founder, has just added another gem to his impressive portfolio. The Eau Palm Beach Resort & Spa, a renowned slice of paradise on Florida’s coast, is now under Ellison’s ownership.
The resort, located at 100 S. Ocean Blvd., Manalapan, has been sold, though the price tag hasn’t been revealed. The deal was brokered by Eastdil Secured, and the seller was Zinfandel Holdings LLC, helmed by Simon Lewis and his family. They initially bought the place back in 2003 for a cool $67.5 million.
Simon Lewis shared his sentiments about the sale, saying, “Our family feels privileged to have been a successful part of the Eau Palm Beach story. While we’re sad to move on, we’re thrilled that Larry Ellison will be the one to guide this resort to even greater heights.” Quite a heartfelt farewell, right?
The Eau Palm Beach has a rich history, originally known as the La Coquille Club back in the 1950s. It’s seen quite a few changes over the decades, including a stint as a Ritz-Carlton before it was rebranded by the Lewis family in 2013.