FeaturedfinanceSkift··1 min·For: Owner, Investor, Revenue
Blackstone Prepares $7B Spanish IPO for Resort Owner HIP
Blackstone is planning a late 2025 public listing of Hotel Investment Partners in Spain, targeting a valuation between €6 billion and €7 billion. The transaction aims to raise approximately €700 million to finance further Mediterranean resort acquisitions and renovations.
Key Takeaways
- 1HIP targets a €6–7B ($6.9B+) Spanish IPO to raise €700M in fresh primary capital.
- 2Portfolio includes 61 hotels and 20,000 beachfront Mediterranean rooms run by major operators.
- 3Proposed valuation marks a sharp increase from GIC's €4B+ entry valuation in 2023.
Source: Skift
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