In this paper we first construct a Lie group structure on n×n Hankel matrices over R+ by Hadamard product and then we find its Lie algebra structure and finally calculate dimension of this manifold over R+. Moreover, we discuss topological properties of this manifold using Frobenious norm. We pointed out the relation between Lie group and Lie algebra structures of these matrices by exponential map. It is also shown that the Hadamard product on Hankel matrices over R+ is not bounded by Frobenious norm. Lastly, we provide some applications of these manifolds.