Archive · 24 Dec 2025
Hamilton Island Sold to Blackstone for $1.2B
Hamilton Island, a famous resort in Australia’s Great Barrier Reef, is being sold to a big American company called Blackstone for about $1.2 billion.
The island has been owned by the Oatley family for over 20 years.
It has many hotels, restaurants, and even a golf course.
Blackstone plans to keep investing in the island and its community.
The sale still needs approval from Australian regulators.
This deal is important because it might change how people think about big tourism and island property sales in Australia.
Hamilton Island, a popular Great Barrier Reef resort, is sold to US private-equity firm Blackstone for approximately $1.2 billion.
The island, owned by the Oatley family for over 20 years, features five hotels, over 20 restaurants, a marina, an airport, and a golf course.
Blackstone plans to invest in the long-term success of Hamilton Island, its people, and local businesses.
The Oatley family expressed satisfaction with Blackstone as the new owner, citing the firm’s resources to continue the island’s legacy.
The sale is subject to approval from Queensland regulators and could influence future large-scale tourism and island property deals in Australia.
- Who
- Hamilton Island (seller: Oatley family, buyer: Blackstone)
- What
- Sale of Hamilton Island resort
- When
- Pending regulatory approval
- Where
- Queensland’s Whitsundays, Great Barrier Reef
- Why
- Blackstone sees it as a key investment in hospitality and leisure
- Island
- Hamilton Island
- Location
- Queensland’s Whitsundays, Great Barrier Reef
- Buyer
- Blackstone (US private-equity firm)
- Seller
- Oatley family
- Sale Price
- $1.2 billion
- Key Features
- Five hotels, 20+ restaurants, marina, airport, golf course
- Regulatory Approval
- Pending from Queensland regulators