A Great Barrier Reef island was on sale, it got sold for…

US private-equity firm Blackstone will acquire Hamilton Island from the Oatley family for about $1.2 billion, ending over 20 years of local ownership. The deal includes the island's core resort operations, five hotels, over 20 restaurants and bars, a marina, airport, and golf course. The sale is pending regulatory approval and could influence future large-scale tourism and island property deals in Australia.