HNA Holdings Group will acquire Oki Golf courses, including Redmond Ridge club

HNA Holdings Group of Hong Kong announced today that it will acquire Bellevue-based Oki Golf’s eight premier properties — including The Golf Club at Redmond Ridge — for $137 million. Oki Golf Management, LLC will be retained to manage daily operations for each course.

  • Tuesday, November 1, 2016 4:06pm
  • Business

Staff Report

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.

More in Business

Facebook plans major research development in Redmond

Building X would have 678,000 square feet of space and nearly 1,400 parking spaces.

Redmond’s Salsa de Rosa stays local as it expands

The Redmond salsa business has been growing since it was founded in 1999.

Office space across the Eastside is in short supply. Aaron Kunkler/staff photo
Office space is still tight on the Eastside

That hasn’t stopped Google and Facebook from looking to expand.

Shelby, John and Michele Julum (left to right) are hoping to launch the Big Block Brewing’s second taproom in Redmond by the week of July 23. Aaron Kunkler/Staff photo
Big Block Brewing looking to open in Redmond soon

The Sammamish-based brewery is expanding into the old Hi-Fi Brewing location.

Margo’s Sweet Shop opens Aug. 11 in the Redmond Town Center

The store is owned by PinkaBella’s Margo Engburg and will offer a cookie dough bar.

Schleg commemorates crystal anniversary in real estate

Schleg marks 15 years making the dream of homeownership come true.

CitySurf pop-up pool could open this summer on Eastside

A Sammamish couple hopes to break ground on a permanent indoor surf facility later this year.

Two wineries move in with Teatro ZinZanni

Two local wineries will be sharing the old Redhook brewery in Woodinville with Teatro ZinZanni.

Big Block Brewery expanding to old HiFi Brewing location in Redmond

The Sammamish-based brewery is in the process of opening a second taproom and brewery in Redmond.

Sound Publishing appoints new president and vice president

Josh O’Connor is the new president and publisher while Terry Ward is the new vice president.

Seattle head tax worries Eastside business organizations

Seattle has passed a head tax to help fund homelessness services.

Office space is tight all across the Eastside

The Broderick Group released a report detailing low office vacancy rates across Eastside cities.