Photo Credit: Hotel Investment Partners (HIP)—owned by Blackstone—partnered with the Italian brand Mangia's (Aeroviaggi) to reposition classic Mediterranean resorts into luxury destinations Hotel investment Partners (HIP)
After nearly two years of weighing a sale, the private equity giant is reportedly steering the Barcelona-based owner of hotels and resorts across the Mediterranean toward a Madrid listing this fall.
LinkedIn X Facebook Email Gift Why is HIP staying asset-heavy when the broader hotel industry has shifted toward asset-light models? What will Blackstone's and GIC's ownership stakes look like after the IPO, and do they plan to sell down further? How have HIP's revenue and earnings performed to justify the jump from a €4 billion valuation in 2023 to €6–7 billion now? Select a question above or ask something else
Blackstone is preparing to take Hotel Investment Partners (HIP) public on the Spanish stock exchange in an IPO at a value of at least $6.9 billion (€6 billion to €7 billion), financial daily Cinco Días reported.
The listing for the 61-hotel portfolio is targeted for late October or early November, with a filing expected at Spain's securities regulator in early October, according to the report.
Neither Blackstone nor HIP responded to Skift queries or released statemen
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Tags: Blackstone Group , HIP , hotel investments , IPOs , mergers and acquisitions , spain
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