Is the private equity fund Blackstone ready to sell HIP?
Reportedly ready to sell Spain’s Hotel Investment Partners
The US private equity fund giant Blackstone is reportedly preparing to sell Spain's Hotel Investment Partners for an estimated €6.5 billion, according to Reuters quoting the Iberian newspaper Cinco Dias.
The company could be listed on the stock market
HIP currently owns 73 hotels with a total of 22,000 rooms in Spain, Portugal, Italy and Greece, including the Mangia's group properties covered by the partnership agreement signed at the end of 2021 with the Sicilian company. The sale of the shares held by Blackstone in Hotel Investment Partners (65%) could also take place through a stock market listing of the company.
