HNA buys Aitken Hill cen­tre

Business Events News - - News -

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”.

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