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Oatley family weighs $1b Hamilton sale; hires UBS

The following article from the Financial Review on 10 September 2023, provides an interesting rundown of not only plans for Hamilton Island, but also several other islands in the Whitsundays region of Australia.

"Two decades after shelling out almost $200 million to buy Hamilton Island, the Oatley family has hired investment bank UBS to review options for the prized tourism asset.

The family is best known for their extensive history in the winemaking industry and for winning the Sydney to Hobart yacht race nine times. But its investment in Hamilton Island – which is expected to be worth about $1 billion – appears to have been fruitful ..."

Another similar article entitled 'Future of Hamilton Island in doubt with sale on the cards', subsequently appeared in on 11 September, 2023.


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