Lanai sale to Oracle CEO completed

Published On: Jun 28 2012 11:13:00 AM HST
HONOLULU -

The sale of Lanai to an entity privately owned by Oracle co-founder and CEO Lawrence J. Ellison has been completed, according to an announcement by David H. Murdock’s Castle & Cooke, Inc. on Thursday.

"It is very gratifying to me personally to see Lanai now in the hands of Larry Ellison, a very committed individual who will bring his ideas and energy to sustain the beauty and heritage of Lanai," said Murdock.  "I extend my sincerest thanks to the many employees, their families, business associates, State and County leaders and administrators who have supported my efforts and changes on Lanai."

Lanai is one of the largest privately owned islands in the world with a population of approximately 3,000.  The island has two Four Seasons hotels, each with a championship golf course, one designed by Jack Nicklaus and the other by Greg Norman.

Castle & Cooke Hawaii has retained the wind farm project on Lanai, complementing our abundant renewable energy resources that will provide for the present and future power needs of Hawaii.

Sen. J. Kalani English represents Lanai and other areas in Maui County in the legislature.

"The island of Lanai holds a very special and vital role in our State’s cultural, environmental and economic ecosystem,” said English.  "I am excited to work with the new ownership to help build a better and more prosperous Lanai.”

Murdock continues Castle & Cooke’s extensive operations and land holdings elsewhere in Hawaii.

The sale amount has not been released.

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