Oracle billionaire and Haute 100 lister Larry Ellison has purchased a posh Silicon Valley hotel.
According to BizJournal, Ellison purchased Epiphany Hotel for a massive $71.6 million. Pubic records reveal the billionaire acquired the property through a limited liability company associated with his personal investment division, Lawrence Investments.
This is not Ellison’s first real estate purchase. In 2012, Ellison paid nearly $500 million for parts of the Hawaiian island of Lanai. In addition, Ellison has been racking up on multiple properties. He has purchased a hotel in Malibu, the L.A. Times reported in 2013. We can’t forget about his uber-luxe homes in San Francisco, Woodside and Lake Tahoe.
Located in the heart of downtown Palo Alto, Epiphany Hotel features 86 rooms. The plush rooms includes Frette Italian linens and down duvet, 47″ flat-screen TV with premium channel, Malin & Goetz toiletries, Revo Superconnect Internet Radio, among other conveniences. A premium king room offers panoramic city and mountain views, floor-to-ceiling windows, private balcony. Both the premium junior suite and the hospitality suite not only features panoramic city and mountain views of Palo Alto, but also a 55” TV and luxe headphones brand Master & Dynamic MH40 over ear headphones.
Touted as “modern, yet warm and organic, yet tech-savvy,” Epiphany Hotel has an IDEO-designed second floor boardroom, which allow for flexible layouts and features a wraparound terrace.
The property also features haute cuisine from the restaurant Lure + Till. The ultra-chic restaurant boasts locally sourced American fare. Chef Patrick Kelly, who partners with local farmers, foragers and fishermen, explores the region’s flavors with a curated menu that’s constantly evolving. Thanks to chef Kelly’s culinary skills the restaurant is touted as a “go-to for all occasions.”
With all the plush conveniences, it’s no surprise why tech titan Ellison has decided to purchase the posh property in the heart of Silicon Valley.
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