Blackstone Plans IPO for Hotel Investment Partners in Spain, Targeting €6-7 Billion Valuation to Raise €700 Million
🏨 Blackstone plans a Spanish IPO for Hotel Investment Partners (HIP) in late October or early November 2025, valuing it at €6–7 billion ($6.9B+). The IPO aims to raise €700 million for acquisitions and renovations. HIP, owning 61 hotels and 20,000 rooms across Spain, Portugal, Italy, and Greece, leases to brands like Marriott and Hilton. Blackstone holds 65%, acquired from Banco Sabadell in 2017, while GIC has 35% since a 2023 deal valuing HIP at €4 billion.
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