Blackstone Plans $7B IPO for Spanish Resort Owner Hotel Investment Partners
Blackstone is preparing to take Hotel Investment Partners (HIP) public on the Spanish stock exchange in an IPO valued at least $6.9 billion (€6-7 billion), targeting late October or early November, with a regulatory filing expected in early October, according to Cinco Días. HIP owns a 61-hotel, 20,000-room Mediterranean portfolio, 78% beachfront and 94% four- or five-star. Blackstone holds 65% and Singapore's GIC holds 35%. The IPO is expected to raise around €700 million in new capital for acquisitions and renovations.
Impact and considerations
The IPO will test investor appetite for asset-heavy hotel models and could bring new capital flows to the Mediterranean resort market.
Key points
- Blackstone plans to list HIP in Spain at a valuation of at least $6.9 billion.
- HIP owns 61 hotels with 20,000 rooms, mainly in the Mediterranean.
- The IPO is expected to raise about €700 million for acquisitions and renovations.
- Blackstone holds 65% and GIC holds 35%.
Sources and time
- Primary source
- Skift
- Other sources
- 0
- First source publication
- 5 Sept 2026, 05:22
- Page published
- 5 Sept 2026, 05:44
- Last updated
- 5 Sept 2026, 05:22
- Original links
- Skift Feed：Blackstone Plans $7 Billion IPO of Spanish Resort Owner Hotel Investment Partners: Report (opens in a new tab)Primary source · en · Published 5 Sept 2026, 05:22