Blackstone to acquire Hamilton Island from Oatley family.

Blackstone, an alternative asset manager, agreed to acquire Hamilton Island, an Island of the Whitsunday Islands in Queensland, Australia, and an integrated resort destination, from Oatley family, current owners of the island and associated development. Financial terms were not disclosed. “Hamilton Island is an exceptional destination, and we are honored to build on the vision and dedication that the Oatley family has brought to investing in its transformation and add a standout asset to our portfolio. Hospitality and leisure is a key investment theme at Blackstone globally including in the Asia Pacific region, where we’ve brought scale and operational expertise to invest in and build leading brands. We are committed to investing in the long-term success of Hamilton Island, its people, and its local businesses and community,” Chris Heady, Blackstone Chairman of Asia Pacific & Head of Real Estate Asia.