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The Guardian - AU
The Guardian - AU
National
Joe Hinchliffe

Great Barrier Reef’s Hamilton Island to be bought by US private equity firm in reported $1.2bn sale

Blackstone Hamilton Island United States HAMILTON Great Barrier Reef Whitsundays
Aerial shot of Hamilton Island, on the Great Barrier Reef
Hamilton Island, on the Great Barrier Reef, has been sold to the US private equity firm Blackstone, reportedly for $1.2bn. Photograph: Creative Freedom/Getty Images

Hamilton Island, a popular tropical holiday destination on the Great Barrier Reef, has been sold to a US private equity firm, reportedly for $1.2bn.

New York-headquartered Blackstone – which owns the casino-hotel chain Crown Resorts – released a statement on Tuesday night announcing it had entered into an agreement to acquire the Hamilton Island resort from the Oatley family, subject to customary regulatory approvals.

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