Blackstone is acquiring a small, mostly undeveloped resort island near the Great Barrier Reef. Take a look at the stunning destination.

Blackstone is acquiring a small, mostly undeveloped resort island near the Great Barrier Reef. Take a look at the stunning destination.

Blackstone is acquiring Hamilton Island, a vacation destination near the Great Barrier Reef.Steve Christo - Corbis/Corbis via Getty ImagesBlackstone is acquiring Hamilton Island, a resort destination in Australia.Hamilton Island spans over 2,800 acres, with the majority of the land undeveloped.The deal is valued at $1.2 billion, according to reports.A vacation destination nestled off the coast of Australia will soon be owned by Blackstone, the U…

Blackstone Acquires Australia’s Hamilton Island in $1.2B Deal

Blackstone’s Paradise Play: Decoding the $1.2 Billion Hamilton Island Gambit In a move that underscores the enduring allure of premium leisure assets amid global economic shifts, Blackstone Group has agreed to acquire Hamilton Island, Australia’s crown jewel in the Whitsundays archipelago. The deal, valued at approximately $1.2 billion, marks one of the largest hospitality transactions in the country’s recent history and adds a glittering tropic…