Blackstone intends to take Hotel Investment Partners (HIP), a Barcelona-based owner of hotels and resorts, public on the Spanish stock exchange. The initial public offering is valued at a minimum of $6.9 billion, equivalent to between €6 billion and €7 billion.
Hotel Investment Partners Portfolio and Location
HIP manages a portfolio of 61 hotels and resorts scattered throughout the Mediterranean region. The company is headquartered in Barcelona, Spain, and its assets primarily serve Mediterranean resort destinations.
IPO Timeline and Valuation Details
The IPO is expected to be launched on the Spanish stock exchange in Madrid. The planned valuation ranges from €6 billion to €7 billion, with the listing targeted for late
October or early November 2026. The company is scheduled to submit its filing to Spain’s securities regulator in early October of the same year.
Blackstone, the private equity firm owning HIP, spent nearly two years considering a sale of the hotel group before opting for the public offering route. Additionally, Blackstone has collaborated with the Italian brand Mangia’s (Aeroviaggi) to upgrade and reposition classic Mediterranean resorts under HIP’s portfolio into luxury destinations.
