“This review has now completed and the Oatley family has decided to keep Hamilton Island in its ownership, under the leadership of its exceptional management team.” “Over recent months the Oatley family undertook a strategic review of the opportunities and ownership of Hamilton Island in response to approaches from third parties,” he said. On Monday, Hamilton Island chief executive Peter Brulisauer said the Oatleys had decided not to proceed with a sale. They pointed to the complexity of running multiple accommodation sites and the logistics of managing a small city. Realtors warned at the time that such a sale could take at least a year and interest would be limited to a small pool of buyers, such as private equity and sovereign funds. The family is best known for its multiple wins at the Sydney to Hobart yacht race with its supermaxi Wild Oats. The Australian Financial Review’s Street Talk column first reported in September that the family, who inherited Hamilton Island in 2016 alongside other businesses from their father, winemaker and sailor Robert Oatley, had tasked UBS with a strategic review. The billionaire Oatley family has halted a sale of Hamilton Island in Queensland after a review conducted by UBS, ending plans to offload the major tourism asset for a mooted $1 billion.
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