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On Hamilton, a family dynasty bets there’s more money in islands

On Hamilton, a family dynasty bets there’s more money in islands

After showing potential buyers around Hamilton Island last year, Sandy Oatley says the family will instead develop a new family-friendly resort.

Primrose RiordanAssociate Editor

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In the depths of Woolwich dockyards, right where the Lane Cove River snakes into Sydney Harbour, something precious is getting a new life.

The patient is Wild Oats XI, a supermaxi yacht so awarded in the annual Sydney to Hobart that it has become nearly as well known as the race itself, owned by the children of the late businessman Bob Oatley.

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Primrose Riordan
Primrose RiordanAssociate EditorPrimrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com

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Original URL: https://www.afr.com/companies/tourism/on-hamilton-a-family-dynasty-bets-there-s-more-money-in-islands-20240509-p5jce5