JUser: :_load: Unable to load user with ID: 528
JUser: :_load: Unable to load user with ID: 503
You are here:Savio Home / Life in Hawaii / All Islands / Billionaire Buys Lanai Hotel

Billionaire Buys Lanai Hotel

Billionaire Larry Ellison, who owns 98% of Lanai, has purchased the historic Hotel Lanai last month at an undisclosed price. The hotel consists of 10 rooms, a one-bedroom cottage and restaurant, Lanai City Grille. It was built in 1923 by James Dole for the Dole plantation executives and was the only hotel on Lanai until 1990. Ellison now owns every hotel room on the island.

back to top

About the Savio Group

Peter B. Savio is President and Chief Executive Officer of the Savio Group of Companies. Peter has more than 40 years experience in real estate development and sales in the Hawaii market; he has been helping his clients realize the maximum return on their real estate investments since he founded Savio Realty Ltd. in 1980.

Savio Realty Ltd.

Focused in Residential and Commercial real estate across the islands and rental management on the Big Island. With 3 offices and 100+ agents, we can help you buy, sell, or invest in Hawaii real estate. Learn more »

Savio Asset Management LLC

Rentals and property management services. We have extensive experience in helping tenants and property owners with all of their rental needs - from managing properties to maintenance & repairs.  Learn more »

Savio Developments Ltd.

With more than 30 years of project brokerage in Hawaii, Savio Developments is continuously developing landmark properties throughout Hawaii. Learn more »