💥Join leading global investors at the 7th Annual Australia Investors Forum on March 17, in Sydney.
Hamilton Island, one of Australia’s most iconic luxury resort destinations, has been sold to U.S. private equity firm Blackstone in a transaction valued at approximately $1.2 billion, subject to regulatory approval. Located in Queensland’s Great Barrier Reef, the island represents one of the largest leisure and hospitality acquisitions in the country in recent years.
The acquisition adds to Blackstone’s growing Australian portfolio, which includes Crown Resorts following its $8.9 billion takeover in 2022. The firm manages more than $1.2 trillion in assets globally and has identified hospitality and leisure as a core investment theme, particularly across the Asia-Pacific region.
Hamilton Island has been owned by the Oatley family since 2003, during which time they invested more than $350 million to transform the destination into a globally recognised tourism hub. The island spans more than 2,800 acres across two islands and includes five hotels, over 20 restaurants and bars, retail outlets, a golf course, marina and commercial airport, hosting thousands of visitors and events annually.
The Oatley family said the transaction marks the next phase for the island, positioning it to benefit from Blackstone’s global scale, operational expertise and long-term capital, while continuing to support local businesses, employees and the broader island community.
Source: 7news
