https://karryon.com.au/industry-news/destination/hamilton-island-blackstone-2026-sale/
How is it allowed that we can sell a chunk of our land to a different country?
Are there any places in Australia to travel too where I know my money will stay in Australia?
Hamilton Island sold: US private equity giant Blackstone buys reef icon in landmark $1.2B deal
byu/mums_my_dad inaustralia
11 Comments
Well. That fucking sucks.
Grim
> New York-based Blackstone will purchase the iconic Hamilton Island integrated resort in the Whitsundays from the Oatley winemaking family in a reported AUD$1.2 billion deal.
They sold the resort.
The CEO Stephen Schwarzman is a long time friend of Trump.
Well if it makes you feel any better that money went to an Australian family and they are going to have a massive tax bill..
We haven’t sold anything to a “different country.” Blackstone is an American company but all they’ve done (subject to regulatory approval) is buy a private resort island. It’s not a big deal in and of itself. Foreign capital inflow is good for the economy.
It’s been a privately owned island for a long time, first for agriculture before it was developed into a tourism destination in the 70’s.
Personally I’ve never rated the place, everything being owned by the one company and lack of competition/options gives it the vibe of a cruise ship on land.
There is no way in which this is a good thing, surely.
Epstein island 2.0
Sold for parts.
Once these treasures are gone, they’re gone.
Blackstone has altered direction and focus, for good amount of time now and the timing important. They are taking any opportunity that presents to shift investment capital.