The Hotel Lanai has been purchased by a company owned by the man who owns most of the Island of Lanai -- billionaire Larry Ellison. Lanai Hospitality Partners LLC paid seller Mary Charles an undisclosed amount of money for the hotel. Charles, her husband Tom Kiely and her nephew Michael Charles bought the historic 1923-built hotel in 2007. Charles told the Honolulu Star-Advertiser, she and her partners had been looking for a buyer for the 10-room hotel since late last year.