Blackstone is preparing to take Hotel Investment Partners (HIP), its Barcelona-based hotel owner, public in an initial public offering valued at at least $6.9 billion (€6 billion to €7 billion). The portfolio comprises 61 hotels and resorts across the Mediterranean region.
IPO Timeline and Regulatory Details
The IPO filing is expected to be submitted to Spain’s securities regulator in early October 2026. The shares of Hotel Investment Partners are planned to be listed on the Spanish stock exchange in Madrid, with the listing targeted for late October or early November 2026.
Partnerships and Background
Hotel Investment Partners recently partnered with Italian brand Mangia’s (Aeroviaggi) to reposition classic Mediterranean
resorts into luxury destinations. Blackstone has been considering a divestment of Hotel Investment Partners for nearly two years, now steering the company toward a public offering to raise capital.
Neither Blackstone nor Hotel Investment Partners have responded to inquiries from Skift or released official statements regarding the IPO.
This offering represents a major transaction in hospitality investment, highlighting Blackstone’s focus on expanding its luxury hotel portfolio within the Mediterranean.
