Ellison Plans To Bring AC Yachts to Hawaii For Charters

(February 7, 2014) – Larry Ellison, CEO of Oracle Corp. and the majority owner of the island of Lanai, plans to bring eight of his yachts that were used in the America’s Cup to Hawaii to be used for charters by high-end visitors off the shores of the Pineapple Island, Pacific Business News has learned. The “small” yachts are slated to be docked at the Manele Small Boat Harbor, according to a source.

Pulama Lanai, the operational entity formed by Ellison to run the island, also has hired – as a consultant – Peter Young, former director of the Hawaii Department of Land and Natural Resources, to help it expand the docks to accommodate the tech titan’s race yachts, a source said. Young, when contacted by PBN on Friday, confirmed that he is assisting Pulama Lanai as a consultant and referred questions to them.

Pulama Lanai declined comment.

Just last month, the current holder of sailing’s top prize told PBN that Hawaii is one of the places under consideration as a possible location to hold the next America’s Cup. Ellison, who bought 98% of Lanai in 2012, had eyed Kamalapau Harbor as a temporary winter base of Oracle Team USA’s operations, which didn’t happen. Story