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flag Blackstone agrees to buy Australia’s Hamilton Island resort for $1.2 billion, pending approval.

flag Blackstone has agreed to acquire Hamilton Island, a luxury resort in Australia’s Great Barrier Reef, from the Oatley family, pending regulatory approval. flag 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. flag 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. flag 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.

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