Hong Kong group to acquire second Australian course

 

Golden Horse Holdings, the Hong Kong-based entity that owns Dragon Lake Golf Club in Guangzhou, China, is closing in on its second golf property in Queensland, Australia.

Golden Horse has agreed to buy the available equity memberships in Links Hope Island, a purchase that will effectively give it control of the 20-year-old club. Links Hope Island, the centerpiece of the Gold Coast’s Hope Island Resort, features an 18-hole course that was co-designed by Peter Thomson and Michael Wolveridge. Golden Horse has also agreed to buy some property at the resort on which it plans to build 29 houses and a 400-room hotel.

In August, Golden Horse agreed to buy Noosa Springs Golf & Spa Resort, which features an 18-hole golf course designed by Graham Papworth. The Gold Coast Bulletin reports that the $15 million Noosa Springs transaction hasn’t yet closed.

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