Larry Ellison buys another Lake Tahoe resort

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Larry Ellison buys another Lake Tahoe resort

Oracle co-founder Larry Ellison has bought another resort on Lake Tahoe’s north shore, paying $345 million for the Hyatt Regency Lake Tahoe.

The property is in Incline Village and a few miles from the stateline resort Cal Neva, which Ellison also owns.

According to Washoe County property records, the deal last month encompassed the 16-acre main Hyatt property and an adjacent 8½-acre parcel on the lake’s shore that now contains cottages and a restaurant.

The Hyatt has 422 rooms, including 24 cottages and a 12-story hotel tower.

Ellison, who spends most of his time on the Hawaiian island of Lanai, owns a home in Incline Village. Facebook’s Mark Zuckerberg in 2019 spent $59 million for two adjacent properties near Tahoe City, on the lake’s west shore.

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