Reported about 4 hours ago
Blackstone is preparing to sell its stake in Spain-based Hotel Investment Partners (HIP), valued at €6.5 billion, according to Cinco Dias. HIP operates 73 hotels with 22,000 rooms across Spain, Portugal, Italy, and Greece. Blackstone may sell its 65% ownership or pursue an initial public offering this year. The firm acquired HIP from Banco Sabadell in 2017.
Source: YAHOO