Oatley family weighs $1b Hamilton sale; hires UBS

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.

Following initial reports in Street Talk, a spokesman 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 advisors to explore opportunities for growth and future prosperity.” “At this stage, this review is ongoing, and no decisions have been made,” he added.A handful of prospective investors have already visited the island in the past week, sources said.

. That includes more than $100 million spent building qualia, a luxury resort which opened in 2007; $85 million on developing Hamilton Island Yacht Club and Villas; and $45 million on the Hamilton Island Golf Club.

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Oatleys put Hamilton on the market in a sale that could reach $1bA handful of prospective investors have already visited the prized tourism asset in the past week.
Source: FinancialReview - 🏆 2. / 90 Read more »

Oatleys put Hamilton on the market in a sale that could reach $1bA handful of prospective investors have already visited the prized tourism asset in the past week.
Source: FinancialReview - 🏆 2. / 90 Read more »