Larry Ellison, cofounder and chief exec of the Oracle Corporation, plans to convert the boutique-size Casa Malibu Inn in to a Japanese-concept hotel, according to a report by the Santa Monica Daily Press and the L.A. Curbed.
The thematic makeover is to align the lodgings with the Nobu Mailbu, a nearby Japanese sushi restaurant. The samearchitect, Severine Tatangelo ofStudio PCH, who designed the Nobu space, is working on this project.
The high-tech billionaire plans to change the number of rooms to 16 from the original 21 guestrooms. Mr. Ellison acquired the 63-year-old inn in 2007. The lease of the storied lodgings ends on September 10.
The future of the space now falls into the hands of software billionaire and Malibu real estate baron Larry Ellison, who purchased the property in 2007 for $20 million. Ellison is said to have major renovation plans to convert the space into a high-end hotel to correspond with Nobu restaurant, just two doors down from Casa Malibu.