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Oki sells 10 local courses for $137M to Chinese conglomerate

HNA Holdings has purchased all 10 remaining Seattle area Oki Golf courses.

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October 11th 2016

Newcastle

HNA Holdings has purchased all 10 remaining Seattle area Oki Golf courses.

The catalog includes The Golf Club at Newcastle, Washington National Golf Club, the Golf Club at Redmond Ridge, Trophy Lake Golf & Casting in Port Orchard, Harbour Pointe Golf Club in Mukilteo, the courses at the Golf Club at Hawks Prairie in Lacey, the Plateau Club in Sammamish and Indian Summer Golf & Country Club in Olympia. Oki golf will continue to operate all these courses and pay HNA a rental fee for the properties.

"The Chinese company did not immediately respond to requests for comment, but told the South China Morning Post that it was enticed by the number of rich Chinese tourists playing golf, and saw Seattle as a gateway into the North American golf market."

Click for the full Seattle Times article; http://www.seattletimes.com/business/real-estate/oki-sells-10-local-golf-courses-for-137m-to-chinese-conglomerate/

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