Cobalt hydroxide nanoplatelets with a uniform hexagonal shape were prepared in high yield (similar to 95%) by a facile hydrothermal route in the presence of poly(vinylpyrrolidone). This method provides a simple, low-cost, and large-scale route to produce beta-cobalt hydroxide nanoplatelets with an average diameter of 280 nm and a thickness of ca. 26 nm which show a predominant well-crystalline hexagonal brucite-like phase. Their thermal decomposition produced anisotropic nanoplatelets of cobalt oxides (CoO and Co3O4) under designed temperatures. The products were characterized by transmission electronic microscopy, selected-area electron diffraction, Fourier transform infrared spectroscopy, differential scanning calorimetric, and thermogravimetric analysis. The magnetic properties of the products were investigated by a superconducting quantum interference device magnetometer. Co3O4 nanoplatelets exhibit a superparamagnetic behavior, and they might be a promising material to study the magnetic tunneling effect as anisotropic nanostructures.