Blackstone is preparing to launch an initial public offering (IPO) for Hotel Investment Partners (HIP), a Barcelona-based owner of 61 hotels across the Mediterranean, aiming to raise at least $6.9 billion (€6 billion to €7 billion). The IPO is targeted for a listing on the Madrid stock exchange in late October or early November 2026.
HIP Portfolio and Partnership with Mangia’s
HIP’s portfolio includes 61 hotels and resorts located throughout the Mediterranean region. To enhance the appeal of its properties, HIP has partnered with the Italian brand Mangia’s (Aeroviaggi) to reposition classic Mediterranean resorts into luxury destinations, supporting the company’s upscale market strategy ahead of the
public offering.
IPO Filing Timeline and Background
Blackstone has been evaluating options to sell or list HIP for nearly two years before deciding on the IPO route. The company plans to submit a filing to Spain’s securities regulator in early October 2026 as part of the IPO process. The move follows strategic positioning of HIP’s resort assets to capitalize on Mediterranean luxury travel demand through equity markets.
At the time of reporting, neither Blackstone nor HIP has released official statements confirming the IPO details.
