Blackstone is preparing to take its hospitality company Hotel Investment Partners (HIP) public with an initial public offering (IPO) valued at a minimum of $6.9 billion (€6 billion to €7 billion). The listing targets the Madrid stock exchange and is scheduled for late October or early November 2026, according to Skift.
Hotel Investment Partners, headquartered in Barcelona, owns a portfolio of 61 hotels and resorts across the Mediterranean region. The company has collaborated with Italian brand Mangia’s (Aeroviaggi) to reposition classic Mediterranean properties as luxury destinations, aiming to enhance the appeal of its assets in Spain and neighboring countries.
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IPO filing is expected to be submitted to Spain’s securities regulator in early October 2026, ahead of the anticipated stock exchange debut in Madrid in the final quarter of the year. This timeline follows Blackstone’s consideration of selling Hotel Investment Partners over nearly two years.
Neither Blackstone nor Hotel Investment Partners issued responses to inquiries from Skift concerning the IPO’s details or the company’s post-offering plans.
