Larry Ellison to Invest in Four Seasons Lanai

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Billionaire Larry Ellison is set to pour more capital into two Four Seasons resorts on the Hawaiian island of Lanai.

Oracle owner Ellison recently purchased the island.

Manele Bay hotel and the Lodge at Koele have both been losing money, and Ellison is expected to upgrade the properties to bring them back into profitability.

Accessibility will be less of an issue on the island as the US Department of Transportation explores lengthening the runway at Lanai’s airport to handle larger jets. Currently the airport cannot handle aircraft larger than those that seat about 40 people.

Officials on the island hope that the upgraded airport and hotels will allow more people and therefore more dollars to flow into Lanai.

There is no timeline for the upgrades to the hotels, but the airport improvements are expected to take about two years.

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Source: hawaiinewsnow.com