HNA buys Aitken Hill centre
HNA Group has purchased Melbourne’s Aitken Hill conference centre for $120 million, according to The Australian Financial Review.
The Chinese headquartered conglomerate, which also owns shares in Virgin Australia and a 25% stake in Hilton Worldwide, has investments in tourism, real estate, financial services & logistics.
Aitken Hill is a five-star Conference and Events venue set amongst 170 acres and located 30 mins from Melbourne CBD.
It offers 6,000m2 of conferencing space, along with accommodation for 248 delegates, a six-hole golf course, pool, spa, gym, beach volleyball court, basketball court and more.
AFR is reporting the property was offered with the potential to add a seven-hectare retirement village and a 630-lot residential estate on undeveloped portions of the estate.
The venue promotes itself as “Australia’s premier conference and events venue,” boasting a “world class, purpose built venue that leads the way in superior conference technology”.