Scott Oki has cashed in again. The ex-Microsoft vice president, who made millions by building the company’s international operations and then left in the early 1990s and eventually purchased a number golf courses, sold eight of those courses on Tuesday for $137 million.
Oki Golf announced the sale of the premier Washington properties to HNA Holdings Group, a Hong Kong-based investment group. According to a news release, Oki Golf Management will be retained to run daily operations for each course.
The courses are: The Golf Club at Newcastle, Washington National Golf Club, The Golf Club at Redmond Ridge, Trophy Lake Golf & Casting, Harbour Pointe Golf Club, The Golf Club at Hawks Prairie, The Plateau Club, and Indian Summer Golf & Country Club. Oki Golf says the 1,880 acres of property are home to 180 holes, complete with clubhouses and other amenities.
“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,” Oki, 68, said in a statement.
Oki retired in 1992 after 10 years with Microsoft, where he served in a variety of executive positions. He founded the International Division and later served as senior vice president of Sales, Marketing and Service. In 1994, he purchased The Golf Club at Echo Falls in Snohomish, Wash., an initial acquisition in his drive toward building a portfolio of golf properties known collectively as Oki Golf.
“I’m pleased with the opportunity that an innovative global partner such as HNA brings and I look forward to contributing my expertise and specific market knowledge as part of the management team,” Nancy Cho, president and CEO of Oki Golf, said in a statement. “Most importantly, I am excited to further develop our golf business through additional services and experiences for our current and prospective customers.”