So $1.2 billion for paradise guess that’s the going rate when location, location, location means the Great Barrier Reef.
YesNo_Maybe_ on
Part article:
Hamilton Island, a popular tropical holiday destination on the Great Barrier Reef, has been sold to a US private equity firm, reportedly for $1.2bn.
New York-headquartered Blackstone – which owns the casino-hotel chain Crown Resorts – released a statement on Tuesday night announcing it had entered into an agreement to acquire the Hamilton Island resort from the Oatley family, subject to customary regulatory approvals.
xnoxgodsx on
More extinction to come
Due-Stock2774 on
Being an American I can definitively say U.S. private equity firms are soulless bottom feeders that ruin everything they touch
Edit – this is hilariously triggering people because I’m speaking on something that originates where I’m from. Just seeing the word America makes some of you weirdos melt down
swimmityswim on
Some people were in need of a new island…
Leinheart on
Can we send Rupert Murdoch there? Then nuke the boat taking him because „fEnTanYl“?
challam on
There goes the neighborhood!
longhairmoderatecare on
How long do we give it before it becomes a tasteless tourist spot? Surely they will find an idiotic way to damage the ecosystem of the reef itself until it’s beyond repair. Then it will be promptly bled dry of all natural resources, ruined by pollution and left to rot in no time.
No-Anything-7291 on
First Starbucks, Hooters, Nike store, Walmart, and McDonalds at the Great Barrier Reef?
PoopthInPanth on
Why the fuck was it for sale in the first place.
Abominocerous on
Well, $1.2bn isn’t going to get you a skull shaped volcano island in this real estate market. I guess they had to settle.
ticklemesatan on
Bummer, I’ve been there.
ThatsItImOverThis on
Has anyone told them the Great Barrier Reef is dying? That equals no fishing…among other things billionaire pedophiles do
Elderwastaken on
We should tax corporations a lot more.
Obvious-Basket-685 on
Ew.
hypnotoad23 on
I wonder what made the oatley family sell. They also sold wild oats XI this year.
cugeltheclever2 on
The fuck?
Zeppelin_Wormwood on
“This is where we play the most dangerous game.” I hate this reality.
DDmikeyDD on
Here’s cheering for box jellyfish
words1918 on
That cant be good
russellvt on
As-if that reef is going to sh*t fast enough, already, just due to global warming… /sigh
Etjdmfssgv23 on
Why is this world news? Headline could’ve been: Real estate for sale was bought.
Rude_Egg_6204 on
Its about time billionaires and under-age girls had a nice place to stay
SkinnedIt on
Ah, Blackstone. Always leaving things better than they found it.
Cunts.
TnL17 on
Not a good time to be buying secluded islands…
Fabulous_Computer965 on
Blackstone? No fucking way.
Technical_Ad_7607 on
As long as they’re paying their rates, I don’t give a rat’s ass who owns it.
bilkel on
The Australian government could block it. If not, then there’s some amount of responsibility laid right there.
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So $1.2 billion for paradise guess that’s the going rate when location, location, location means the Great Barrier Reef.
Part article:
Hamilton Island, a popular tropical holiday destination on the Great Barrier Reef, has been sold to a US private equity firm, reportedly for $1.2bn.
New York-headquartered Blackstone – which owns the casino-hotel chain Crown Resorts – released a statement on Tuesday night announcing it had entered into an agreement to acquire the Hamilton Island resort from the Oatley family, subject to customary regulatory approvals.
More extinction to come
Being an American I can definitively say U.S. private equity firms are soulless bottom feeders that ruin everything they touch
Edit – this is hilariously triggering people because I’m speaking on something that originates where I’m from. Just seeing the word America makes some of you weirdos melt down
Some people were in need of a new island…
Can we send Rupert Murdoch there? Then nuke the boat taking him because „fEnTanYl“?
There goes the neighborhood!
How long do we give it before it becomes a tasteless tourist spot? Surely they will find an idiotic way to damage the ecosystem of the reef itself until it’s beyond repair. Then it will be promptly bled dry of all natural resources, ruined by pollution and left to rot in no time.
First Starbucks, Hooters, Nike store, Walmart, and McDonalds at the Great Barrier Reef?
Why the fuck was it for sale in the first place.
Well, $1.2bn isn’t going to get you a skull shaped volcano island in this real estate market. I guess they had to settle.
Bummer, I’ve been there.
Has anyone told them the Great Barrier Reef is dying? That equals no fishing…among other things billionaire pedophiles do
We should tax corporations a lot more.
Ew.
I wonder what made the oatley family sell. They also sold wild oats XI this year.
The fuck?
“This is where we play the most dangerous game.” I hate this reality.
Here’s cheering for box jellyfish
That cant be good
As-if that reef is going to sh*t fast enough, already, just due to global warming… /sigh
Why is this world news? Headline could’ve been: Real estate for sale was bought.
Its about time billionaires and under-age girls had a nice place to stay
Ah, Blackstone. Always leaving things better than they found it.
Cunts.
Not a good time to be buying secluded islands…
Blackstone? No fucking way.
As long as they’re paying their rates, I don’t give a rat’s ass who owns it.
The Australian government could block it. If not, then there’s some amount of responsibility laid right there.