Australia's iconic Hamilton Island sold off to US company

Australian Community Media

Hamilton Island had been sold to a major US private equity firm in a billion-dollar deal, ending more than two decades of Australian family ownership. This video includes ACM-produced voiceover powered by AI.

Transcript

00:00Oh! He scared me!

00:03Hamilton Island, one of Australia's most iconic holiday destinations,

00:07has been bought by a US company.

00:10The island was sold to US private equity giant Blackstone

00:14in a deal reportedly worth about $1.2 billion.

00:18The Whitsundays resort had been owned by an Australian family,

00:22the Oatleys, for more than 20 years,

00:25during which time it was transformed

00:27into one of Australia's most popular tropical getaways,

00:30set in the heart of the Great Barrier Reef.

00:34Hamilton Island spans more than 2,800 acres across two islands,

00:39featuring multiple hotels, restaurants, a marina,

00:43airport and championship golf course,

00:46and remains a major employer in the Whitsundays.

00:50The move further cements American company Blackstone's

00:53growing footprint in Australia's hospitality sector,

00:56following its takeover of Crown Resorts.

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