Blackstone is preparing an initial public offering valued at around $7 billion to list Hotel Investment Partners (HIP) on the Spanish stock exchange in Madrid. HIP holds a portfolio of 61 hotels and resorts across the Mediterranean, including major assets in Spain.
The IPO filing is expected to be submitted to Spain’s securities regulator in early October 2026. The public listing is targeted for late October or early November 2026.
Partnership with Mangia’s (Aeroviaggi) to Elevate Mediterranean Resorts
HIP, headquartered in Barcelona, has partnered with the Italian brand Mangia’s (Aeroviaggi) to reposition several classic Mediterranean resorts. This collaboration focuses on upgrading these properties into luxury destination offerings.
Sale Consideration and IPO Rationale
Blackstone
has been considering a sale of HIP for nearly two years. The decision to proceed with an IPO follows this prolonged evaluation and aims to unlock value from hospitality assets through public markets.
As of September 4, 2026, neither Blackstone nor HIP has issued statements or responses regarding the IPO plans, according to Skift.
