Thursday, September 14, 2023
Mackay and Whitsunday Life
Rumours of an impressive $1 billion price tag are fuelling speculation that Hamilton Island is now up for sale, its owners putting it on the market after 20 years.
Purchased by the Oatley family for $200 million in 2003, the Oatley family have since re-invested a further $450 million into upgrades of the yacht club and golf course, and the construction of luxury resort, Qualia.
Well known for winemaking and winning the Sydney to Hobart Yacht Race nine times, the Oatley family has also been a big driving force for local tourism, creating a world-class offering here in the Whitsundays.
A spokesperson from Hamilton Island said, “as it looks to the future, the family has put in place a new leadership and approach and is conducting a review with the assistance of its advisors, to explore opportunities for growth and future prosperity.
“At this stage this review is ongoing, and no decisions have been made,” they said.