Two Four Seasons Resorts hotels

The "Lanai Transaction," the pending sale of about 98 percent landownership of the island from Dole Food Company Inc. (DOLE) Chairman David Murdock to fellow billionaire and Oracle Corp. (ORCL) CEO Larry Ellison, includes two hotels, The Four Seasons Resorts Lanai at Manele Bay and the Four Seasons Resorts Lanai, Lodge at Koele. Ellison has signed an agreement with Murdock to purchase the hotels and the rest of assets included in the deal by no later than June 27, according to a filing July 19 with the state of Hawaii. The transfer agreement says Ellison anticipates investing substantially in Lanai, and looks forward to partnering with its residents and charting its future.


The Four Seasons Resorts Lanai at Manele Bay is seen in this Sept. 13, 2008 file photo.

Credit: rickh710/Flickr, file