Larry Ellison, the Oracle software billionaire, added the prestigious Eau Palm Beach Resort & Spa to his collection of luxury properties, situated in Manalapan, Florida, just a short distance south of Palm Beach. The exact purchase price remains undisclosed, but it is clear that Ellison saw immense value in this iconic property.
Originally established as La Coquille Club in the 1950s, the resort has a rich history of catering to the elite class of society. Over the years, the property has undergone significant transformations, reflecting the changing tastes and demands of its distinguished clientele. In the 1970s, the Simon family, owners of the Vanderbilt estate, obtained permission to redevelop the club into the renowned Ritz-Carlton Palm Beach, which officially opened its doors in the early 1990s.
In 2022, the Eau Palm Beach Resort & Spa underwent a substantial multimillion-dollar renovation to enhance its facilities and amenities. Larry Ellison, who already owns an impressive portfolio of luxury hotels, including the Four Seasons Resort Lanai and Nobu Hotel Palo Alto, has expressed his intention to further invest in the property. With a keen eye for quality and exclusivity, Ellison is poised to elevate the resort to new heights of luxury and sophistication.
Nestled on an 8-acre property, the resort boasts an array of world-class amenities, including seaside swimming pools, a 42,000-square-foot spa, and 32,000 square feet of versatile meeting space. Several acclaimed restaurants within the resort cater to the culinary desires of guests, offering a diverse range of dining options. Moreover, the iconic La Coquille Club, a local favorite, continues to attract visitors with its timeless charm and elegance.
With Larry Ellison at the helm, the Eau Palm Beach Resort & Spa is poised to write the next chapter in its illustrious history. From its origins as a playground for the elite, to its current status as a premier luxury destination, the resort embodies the timeless allure of Palm Beach. As Ellison brings his unique vision and expertise to the property, guests can expect a new era of unparalleled luxury and refinement at this iconic coastal retreat.
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