Oatley family dumps plan for $1b Hamilton Island sale
The family had tasked UBS with a review of the prized tourism asset but decided against offloading it.
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The family had tasked UBS with a review of the prized tourism asset but decided against offloading it.
Claims process noted to be "less stressful"
The heirs to a fortune assembled by Bob Oatley are already attempting to sell Hamilton Island, their largest asset, for more than $1 billion.
But not every sibling in the wealthy family is as enthusiastic to sell the prized asset purchased by Bob Oatley, the legendary sailor who died in 2016.
Written by Dea Jusufi - BOAT International The remains of a yacht destroyed by a fire have now largely sunk at the historic Woolwich Dock in Sydney