Blackstone is exploring options to divest Hotel Investment Partners, a Spain-based hospitality group valued at €6.5bn ($6.77bn).
The private equity giant is weighing either a sale of its 65% stake in HIP or an initial public offering, according to reports from Cinco Dias.
HIP owns 73 hotels, comprising 22,000 rooms, located in prime destinations across Spain, Portugal, Italy, and Greece. Since acquiring the company from Banco Sabadell in 2017, Blackstone has grown HIP into one of Southern Europe’s leading hotel investment platforms.
The potential divestment aligns with Blackstone’s strategy to monetise assets in sectors experiencing high investor demand. Sources familiar with the matter indicate that Blackstone is targeting a transaction within 2025.
This move underscores the strong appetite for hospitality assets in Europe, where tourism continues to rebound, creating lucrative opportunities for strategic investors.
Source: Reuters
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