Chinese company buys Oki Golf courses

Oki Golf has been one of the big names in golf in the Pacific Northwest for years. The company will still be a name, but now will only operate its nine courses not own them after selling the courses to a Chinese conglomerate called HNA Holdings. The sale was announced in October.

The sale price was $137.5 million and HNA Holdings is a unit of a Hong Kong-based company that runs a variety of ventures including airlines, hotels and businesses around the world that deal in financial services and real estate.

Oki Golf will continue to operate all of its nine courses, which include the Golf Club at Newscastle, Hawk’s Prairie, Washington National, Trophy Lake, Redmond Ridge, Harbour Pointe, the Plateau Club and Indian Summer. The Plateau Club and Indian Summer are private clubs. Oki Golf did own Echo Falls but sold it earlier, and still operates the facility.

HNA Holdings owns Hainan Airlines, which flies between Seattle and China. The company recently bought the Carlson Hotels, which operates such places as the Radisson,

Scott Oki, who began the company and is a former Microsoft executive, said in a statement he was “approached several times regarding acquisition.” The company decided to sell because HNA offers the right financial and cultural fit.