Blackstone is preparing an initial public offering (IPO) for its Spanish resort owner Hotel Investment Partners (HIP), aiming to raise at least $6.9 billion (€6 billion to €7 billion). The IPO will be listed on the Spanish stock exchange in Madrid.
Hotel Investment Partners holds a portfolio of 61 hotels primarily located across the Mediterranean region. Based in Barcelona, HIP collaborates with the Italian brand Mangia’s (Aeroviaggi) to transform classic Mediterranean resorts into luxury destinations.
IPO Timing and Regulatory Filings
The IPO is scheduled for late October or early November 2026. Blackstone plans to file with Spain’s securities regulator in early October, according to the
Spanish financial daily Cinco Días, which reported the valuation and timeline details.
Background on Sale Considerations
Blackstone has considered selling its stake in Hemingway Investment Partners for nearly two years before deciding to proceed with the public offering. The move reflects Blackstone’s strategy to monetize its investment in Mediterranean resort assets.
Neither Blackstone nor Hotel Investment Partners have provided public statements or responses to media inquiries regarding the planned IPO.
