HNA Holdings Group of Hong Kong announced on Wednesday that it will acquire Bellevue-based Oki Golf’s eight properties — including The Golf Club at Redmond Ridge — for $137 million.
Founder Scott Oki is a former Microsoft vice president.
Oki said in a statement: “While we have been approached several times regarding acquisition, this is the first time, we felt that the vision and opportunity being presented was a strong fit and a natural next step for the evolution of the Oki brand.”
The other courses are: The Golf Club at Newcastle, Washington National Golf Club, Trophy Lake Golf &Casting, Harbour Pointe Golf Club, The Golf Club at Hawks Prairie, The Plateau Club, and Indian Summer Golf &Country Club. The eight courses are laid out on 1,880 acres of property and feature 180 holes, along with clubhouses and other amenities.
Along with The Golf Club at Redmond Ridge and the other courses, Kazumi Mechling, Oki Golf’s marketing and public relations representative, told the Reporter: “Oki Golf will continue to manage daily operations for each of the properties in the portfolio, including Redmond Ridge, under the Oki Golf brand name and management team to ensure service and maintenance standards remain intact and consistent with our customer’s expectations.”
Programs such as the Oki Golf Players Card will stay on course.
Mechling said the strong and exciting Oki-HNA pairing will enable the local firm to further develop its golf and event business by adding new services and experiences for customers and prospective clients.
“And with HNA’s reach in the travel industry, we expect to see an expanded tourism business, which will be beneficial to the entire region,” Mechling said.
The Reporter was awaiting a comment from HNA at press time.