Hotel Investment Partners (HIP), currently the largest beachfront vacation hotel owner in southern Europe, is considering the stock market as an option to continue growing. The real estate company, backed by the US giant Blackstone and Singapore's sovereign wealth fund GIC, has the stock exchange as its favorite to expand a business valued at between 6,000 and 6,500 million euros.
The company was founded just over a decade ago within Banco Sabadell, with the aim of solving a problem inherited from the financial crisis. The bank had received significant hotel exposure upon completing the acquisition of the defunct Caja de Ahorros del Mediterráneo, and needed to decide what to do with those assets.
Instead of selling the debt and moving on, Banco Sabadell chose to keep the best assets, invest in them and capture the recovery of their value. This business philosophy remains intact to this day, sustaining the company's exponential growth.
With the current valuation of thousands of millions of euros, HIP is now preparing to make the leap to the stock market, seeking new sources of capital to continue its expansion trajectory in the European hotel sector.
