Global law firm Ashurst is advising the Oatley Family on the sale of the iconic Hamilton Island resort to Blackstone.
Hamilton Island is located in the Whitsunday Islands in the Great Barrier Reef, Queensland. It is a unique resort that includes 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 purchased the island in 2003 and have invested significantly in improving infrastructure, accommodation, and services during their ownership, whilst also 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."
The Ashurst team is led by partners Tony Damian and Anton Harris, assisted by: 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).
