Billionaire Larry Ellison teamed up with Robert De Niro and chef Nobu Matsuhisa to open a hotel where rooms start at $1,100 a night

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Ten years after he bought the beachfront Casa Malibu Inn for $20 million, Oracle founder Larry Ellison is just about ready to unveil the first in a new group of ultra-high-end luxury retreats. He’s doing it with a trio of high-profile partners: Robert De Niro, chef Nobu Matsuhisa, and film producer Meir Teper.

Dubbed Nobu Ryokan Malibu, a new 16-room hotel now stands on the property Ellison bought a decade ago.

It’s the first in what is being called the Nobu Ryokan Collection, a new group of luxury retreats in exotic destinations around the world, created by Ellison and the creative minds behind the Nobu restaurants. The hotel was designed by by architects Studio PCH and Montalba Architects and designers TAL Studio, Shawmut Design and Construction, C.W. Eisner and Nikita Kahn.

The experience, which is modeled after a traditional Japanese inn, won’t come cheap — according to Curbed, rooms will start around $1,100 a night, though that rate could go up to $2,000 during “preferred” times.