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Blackstone agrees to buy Australia’s Hamilton Island resort for $1.2 billion, pending approval.
Blackstone has agreed to acquire Hamilton Island, a luxury resort in Australia’s Great Barrier Reef, from the Oatley family, pending regulatory approval.
The deal, valued at approximately $1.2 billion, marks Blackstone’s expansion into Australia’s hospitality sector and underscores growing private equity interest in high-end tourism assets.
The island, spanning over 2,800 acres with five hotels, a golf course, marina, and airport, has been a major regional employer and tourist destination.
Blackstone plans to continue investing in its long-term growth, workforce, and local partnerships, building on the Oatley family’s decades of development and commitment to the island’s legacy.
Blackstone está de acuerdo en comprar el complejo turístico Hamilton Island de Australia por $1.2 mil millones, a la espera de su aprobación.