Blackstone Plans $7 Billion IPO of Spanish Resort Owner Hotel Investment Partners: Report

AI Summary

Blackstone is reportedly planning a $7 billion IPO for Hotel Investment Partners, a Spanish resort and hotel owner based in Barcelona. The listing is targeted for Madrid this fall after considering a sale for nearly two years.

After nearly two years of weighing a sale, the private equity giant is reportedly steering the Barcelona-based owner of hotels and resorts across the Mediterranean toward a Madrid listing this fall.