Larry Ellison group buys Palo Alto hotel for $71.6M

A group controlled by software tycoon Larry Ellison paid the equivalent of nearly $1 million per room for a boutique hotel in downtown Palo Alto.

PA Hotel Holdings paid $71.6 million for the 86-room Epiphany Hotel. That purchase was for the hotel structure and a ground lease. The deal was first reported in the Silicon Valley Business Journal.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


The grant deed for the property sale, which closed Thursday, shows that the controlling entity behind the purchase was Lawrence Investments. In February 2009, according to a filing with the Securities and Exchange Commission, Ellison, the long-term chief executive of software giant Oracle, was listed as the principal executive of companies called Mollusk Holdings, Cephalopod and Lawrence Investments, all based in Walnut Creek.

Tech multibillionaire Ellison, co-founder of Redwood City-based Oracle, is no stranger to high-profile real estate purchases. In 2012, Ellison paid $300 million for about 98 percent of the Hawaiian island of Lanai. In 2013, to improve access to Lanai, Ellison bought Island Air.