Could Ellison’s US$345m Lake Tahoe resort become the next Sensei?

by Megan Whitby | 03 Nov 2021

Tech billionaire and hotelier, Larry Ellison, has quietly acquired the lakefront Hyatt Regency Lake Tahoe Resort in Nevada through his venture firm, Lawrence Investments. He already owns property in the area, including Cal Neva Lodge – once owned by Frank Sinatra – which he bought out of bankruptcy in 2018.

According to the Washoe County Recorder's Office , the deal for the Hyatt was finalised on 3 September, with the company paying US$345m (€297.8m, £253.4m) to acquire the 422-key resort, which has luxury cottages, a casino and a 20,000sq ft, 16-treatment-room spa.

Cited as the seventh-richest person in the world, with assets exceeding US$100bn (€86.4bn, £73.2bn), Ellison has sunk large parts of his fortune into real estate and is owner of the premium Sensei wellness brand which he co-founded with Nobu and Dr David Agus, director of the University of South Carolina’s Institute for Transformative Medicine.

Industry insiders told Spa Business that longer-term, the property could be upgraded to include a Sensei element, as Ellison works to roll out the brand.

Sensei’s first wellness enclave – Sensei Lāna‘i, A Four Seasons Resort – opened in November 2019 on the Hawaiian island of Lāna‘i.

Ellison also recently announced plans to open a second location – Sensei Porcupine Creek – on his 240-acre estate in the Coachella Valley in California, with the development slated to open in Q1 2022.

The wellness element at Porcupine Creek will be integrated into an existing property which includes an 18-hole golf course and amphitheatre. Ellison acquired the assets and land in 2011 for US$43m (€37.1m, £31.5m).

A Hyatt spokesperson told the Tahoe Daily Tribune that for the time being Hyatt will continue to manage Hyatt Regency Lake Tahoe under a long-term management agreement, saying: “There will be no business disruption with this transfer of ownership at this time.”

With Hyatt owning the Miraval brand, the introduction of a Sensei development on the site would likely require some kind of renegotiation, but Ellison has shown he’s willing to play the long game in the development of the Sensei portfolio.

Stay tuned to Spa Business for more updates on this story as developments occur.

Lake Tahoe, which straddles the California/Nevada border has long been an all-season holiday playground offering both winter sport and summer tourism. It has 12 major ski areas, hundreds of resorts and is served by five airports.

Larry Ellison  Sensei 
Related stories
29 Jun 2021

Sensei to open second wellness retreat in Californian desert

10 Oct 2019

Sensei to launch Well - Being retreat at Four Seasons Lana'i at Koele

FEATURE: Programming – Kevin Kelly

FEATURE: People profile – Larry Ellison

Tech billionaire and hotelier, Larry Ellison, has quietly acquired the lakefront Hyatt Regency Lake Tahoe Resort in Nevada through his venture firm, Lawrence Investments. He already owns property in the area, including Cal Neva Lodge – once owned by Frank Sinatra – which he bought out of bankruptcy in 2018. According to the Washoe County Recorder's Office, the deal for the Hyatt was finalised on 3 September, with the company
SAB,HOT,PHR
Hyatt Regency Lake Tahoe Resort is home to a 20,000sq ft 16-treatment-room spa / Hyatt Regency Lake Tahoe Resort
More news
News stories: 1 - 30 of 8058     
 
 
 
News stories: 1 - 30 of 8058     
 
 
 
company profile
Company profile: Willmott Dixon
Willmott Dixon delivers the social infrastructure that people depend on in their daily lives. We partner with our customers to focus on the services they want to provide, not just the building we construct, and we are committed to achieving a higher social purpose through our work.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
cladkit product news
OpenSeed launches private multisensory Iris Meditation Pod
The Iris Pod features vibro-acoustic technology, aromatherapy, light therapy, music, guided meditations and soundscapes
Helen Andrews
OpenSeed has launched its multisensory Iris Meditation Pod, designed in collaboration with Fuseproject – a design and innovation company founded ...
Lucas Zito aims to show 3D printed lamps can be timeless design objects
Lucas Zito’s practice specialises in the design of lights through 3D printing
Magali Robathan
A collection of lighting from Paris-based designer Lucas Zito aims to reframe the idea of 3D printed objects as cheap ...
New Balera collection embeds lighting in 
tiled feature walls
Studiotamat has teamed up with Ariana de Luca to create the Balera range
Magali Robathan
The new Balera Collection sees design studio Studiotamat team up with ceramic artist Arianna De Luca and lighting designer Ninefifty ...
cladkit product news
Heatherwick Studio and lighting brand Tala collaborate to create sleep light called Wake
Wake is crafted from hand-spun ceramic and pressed glass, behind which a gentle light emanates to improve sleep routines and wellbeing
Helen Andrews
Design firm Heatherwick Studio and British lighting brand Tala have teamed up to create a sleep light called Wake. The ...
Porada launch retro-inspired coffee table
Porada's new Enook Brillo coffee table
Magali Robathan
Maurizio Marconato and Terry Zappa have created the Enook Brillo coffee table for Italian design studio Porada – a retro-inspired design ...
LivinGlobe introduces redesigned adaptable Vidarium
LivinGlobe can install ultra short throw projections or premium LED panels, as well as the surround sound system and video server
Helen Andrews
Founded more than 10 years ago, LivinGlobe was one of the first companies in the immersive wellness space with its ...
cladkit product news
Snow’s holistic cool-down: Embracing inclusivity in post-sauna rituals
Megan Whitby
In the world of wellness, the age-old tradition of sauna bathing is synonymous with relaxation, detoxification and rejuvenation. But, a ...
Effe introduces sauna and hammam collection Baluar by Patricia Urquiola
The system uses heat-treated lime wood cladding, available in either a dark or light tone
Helen Andrews
Sauna specialist Effe (formerly Effegibi) has introduced its new sauna and hammam collection, Baluar, designed by architect and designer Patricia ...
TouchWood Play designs new kids’ club for Dubai’s Zuhha Island
The new club aims to connect children with nature
Magali Robathan
Bespoke play environment design and manufacturer TouchWood Play has announced that it is responsible for the creation of a new Kids’ ...
x
Sign up with CLAD for regular news updates