Ashurst Advises Oatley Family on Sale of Hamilton Island Resort to Blackstone

Ashurst advised the Oatley Family on the sale of the Hamilton Island resort to Blackstone. The transaction concerns the sale of the iconic Hamilton Island, located in the Whitsunday Islands in the Great Barrier Reef, Queensland. Hamilton Island is a unique resort comprising five hotels, more than 20 bars and restaurants, retail outlets, a marina, an 18‑hole golf course on a neighbouring island, and its own commercial airport with direct flights from Sydney, Melbourne, Brisbane and Cairns. The Oatley Family acquired the island in 2003 and invested significantly in upgrading infrastructure, accommodation and services during their ownership, while preserving the majority of the main island in an undeveloped natural state. Partner Tony Damian said: 'Australia is an important market for global private equity investment. Hamilton Island is a major tourism asset with an international reputation. The Ashurst team is delighted to be advising on this significant deal.' Partner Anton Harris added: 'The transaction demonstrates what we think will be a strong level of private equity activity in Australia in 2026.' Ashurst represented the Oatley Family with a team composed by: partners Tony Damian and Anton Harris; counsel David Martin; senior associate Amina Cahill; and associates Sarah Columbus and Radhika Tamhane (Corporate Transactions); partner Rebecca Cope; senior associate Kerry Liang; and associate Eshaan Kapur (Digital Economy); partner Jennie Mansfield and senior associate Mohamad Ardati (Employment); and partner Robert Bradshaw and senior associate Sam Gunson (Global Loans).

Ashurst Advises Oatley Family on Sale of Hamilton Island Resort to Blackstone

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