hotel investment partners
HIP Signs With Room Mate Hotels to Open Pax Barracuda in Palma de Mallorca Following EUR23 Million Renovation
Room Mate Hotels | July 9, 2019
Madrid, 9th July 2019 -- Hotel Investment Partners (HIP), the largest owner of hotel resorts in Spain, has signed an agreement with Room Mate Hotels, the chain owned by Kike Sarasola, to manage the new Pax Barracuda hotel in Palma de Mallorca. The agreement involves two hotels (Calviá Dreams and Barracuda), which HIP will convert into one by investing EUR23 million in a full-scale refurbishment and repositioning project. The opening of this new hotel will mark the renowned Spanish chain, Room Mate Hotels' debut in the world of hotel resort management. HIP's strategy for assets such as these – large-scale properties with prized location...
Blackstone Acquires Hotel Investment Partners and its Portfolio of 14 Coastal Resorts from Banco Sabadell in Spain
Blackstone Real Estate | October 18, 2017
October 18, 2017 - Blackstone Real Estate Partners Europe V ("Blackstone") announces that it has agreed to acquire Hotel Investment Partners ("HI Partners"), a leading Spanish hospitality company, from Banco Sabadell. HI Partners owns a portfolio of 14 primarily coastal hotels with over 3,700 rooms in Spain's most popular tourism destinations. Anthony Myers, Head of Real Estate Europe at Blackstone, said: "We are delighted to make another substantial investment in Spain and to have the opportunity to partner with the HI Partners management team, working with them to continue to execute their strategy of growing HI Partners into Spain's ...
