Hamilton Island is the largest inhabited island of the Whitsunday Islands in Queensland, Australia. Hamilton Island, like most in the Whitsunday group, was formed as sea levels rose creating numerous drowned mountains that are situated close to the east coast of Queensland, Australia. The island is a popular tourist destination and was featured in the successful "Best Job In The World" promotion.In late August the island plays host to its annual Hamilton Island Race Week yachting festival, in which more than 150 yachts from across Australia and New Zealand gather for a week of races around the islands. 'Whitehaven Day' is when the yachts descend upon Whitehaven beach for a big beach party. However this is only one of many festivals hosted on the island.At least two major films have been on location at Hamilton Island, Muriel's Wedding (1994) and Fool's Gold (2008).HistoryThe island was purchased in 1975 by Keith Williams and Bryan Byrt, and in 1978 Keith Williams commenced construction of Hamilton Island Harbour and the resort complex shortly after. The resort opened in phases between 1982 and 1984. In 1985, a fire destroyed most of the central portion of the resort complex, which was completely rebuilt by 1986. The current Whitsunday Holiday Apartments opened in 1986 followed by the current Reefview Hotel in 1990. In 1992, the resort was placed in receivership and between 1995 and 2003 it was owned by BT Australia and managed by Holiday Inn for a portion of that time. In 1999, the five-star Beach Club opened. In 2003, the Oatley family acquired the resort and expanded developments to include an expanded Marina precinct, a yacht club and a luxury resort known as qualia which opened in 2007-8.