Larry Ellison, co-founder of Oracle and one of the world's wealthiest individuals, is transforming the Eau Palm Beach Resort in Manalapan, Florida, into an ultraluxury resort aimed to compete with Mar-a-Lago. Over the past few years, Ellison has significantly invested in this exclusive community, with his total Florida real estate portfolio now at $450 million. The resort has historical significance, built on the site of the famous La Coquille Club from the 1950s. Local officials believe Ellison's plans will help rejuvenate the area's luxury hospitality sector.
Ellison aims to transform the Eau Palm Beach Resort into an ultraluxury destination that could rival Mar-a-Lago, further enhancing Florida's elite hospitality landscape.
Over the past four years, Ellison has invested heavily in Manalapan, increasing the town's profile and attracting other wealthy investors to the area.
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