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Blackstone Plans $7 Billion IPO of Spanish Resort Owner HIP

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The IPO reflects private equity interest in hotel assets and may impact competition in the Mediterranean resort market.

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9月5日
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    Blackstone Plans $7 Billion IPO of Spanish Resort Owner HIP

    Blackstone is preparing to take Hotel Investment Partners (HIP), owner of 61 hotels, public on the Spanish stock exchange at a valuation of at least $6.9 billion (€6-7 billion), targeting late October or early November, with a filing expected in early October, according to Cinco Días.