Blackstone is preparing to take its Barcelona-based hotel company, Hotel Investment Partners, public on the Spanish stock exchange, with an IPO valuation estimated at $6.9 billion (approximately 6 to 7 billion euros), according to a September 4, 2026, report.
Hotel Investment Partners owns a portfolio of 61 hotels and resorts located across the Mediterranean region. The company is headquartered in Barcelona and manages a significant footprint of coastal properties.
The initial public offering is targeted for late October or early November 2026, with a formal filing expected at Spain’s securities regulator in early October. The listing will occur on the
Madrid stock exchange, marking a major financial step for Blackstone in the hospitality sector focused on Mediterranean resorts.
Hotel Investment Partners has collaborated with the Italian brand Mangia’s (Aeroviaggi) to reposition its Mediterranean resorts, aiming to elevate them into luxury destinations.
Blackstone spent nearly two years examining options for the disposition of Hotel Investment Partners before deciding to pursue a public listing. The IPO represents a strategic financial move solidifying Blackstone’s presence in Mediterranean hotel investments.
