Oracle CEO Ellison to Buy Most of Hawaiian Island Lanai – Bloomberg 06-21-12

Salient to Investors:

The purchase is valued in the hundreds of millions of dollars according to the application to the commission, and includes two resort hotels, two championship golf courses and club houses, more than 88,000 acres of land including a 600-acre residential development, a solar farm, parks and utilities.

Lanai is Hawaii’s sixth-largest island with an area of 141 square miles. The island has 47 miles of coastline. Over 3,200 residents live there and about 26,000 tourists visited the island in Q1. Bill Gates married his wife Melinda on the island in 1994.

Read the full article at http://www.bloomberg.com/news/2012-06-21/oracle-ceo-ellison-bought-most-of-hawaiian-island-lana-i.html