Featured projects
Hotels
Hotels · Aparthotels · Asset transformation
Our specialist strategy is the acquisition and transformation of hotels, aparthotels and buildings with conversion potential in Spain. We lead every project from acquisition through to stabilisation and eventual divestment.
Tufano Capital · Real Estate Investments
What we do in hotels
A comprehensive hotel asset investment and transformation strategy.
Objective
We select assets where our real estate, technical and operational experience allows us to intervene directly in value creation.
- Selective acquisition of hotels, aparthotels and buildings with potential.
- Technical, planning and legal analysis.
- Repositioning and transformation of the asset.
- Selection of the most suitable operating model and operator.
- Active monitoring of the operation.
- Refinancing or divestment strategy adapted to each project.
Why hotels and aparthotels
A clear structural opportunity in the Spanish hotel sector.
01
Structural demand
Spain holds a position of international tourism leadership, with broad and diversified demand for much of the year.
02
Barriers to entry
Regulation, the limited availability of assets and technical and planning complexity create barriers to entry that favour well-structured projects.
03
Value creation
The acquisition, transformation and professionalisation of assets makes it possible to intervene directly in their positioning, operating performance and value.
Our strategy
Five steps, from purchase to exit.
01
Acquisition
We identify assets with the location, characteristics and potential suited to our strategy.
02
Transformation
We define and execute the technical, architectural and commercial repositioning required to maximise the asset's potential.
03
Structuring
We design the appropriate financial and operational structure for each project.
04
Operation
We select specialised operators and actively monitor the asset's performance.
05
Divestment
We continuously assess the alternatives of holding, refinancing or selling, based on the evolution of the project and the market.
Investment structure
We co-invest deal by deal.
We participate with our own capital alongside a small group of co-investors, structuring each transaction according to the characteristics of the asset and its business plan.
Each investment has a specific structure, a defined strategy and financial and operational monitoring throughout the entire project cycle.
Where we invest
Markets with solid demand and transformation potential.
We analyse opportunities in Spain's main cities and in certain established tourist destinations, selecting each location based on demand, barriers to entry, project viability and its value creation potential.
Barcelona · Madrid · Valencia · Málaga · Sevilla · Bilbao · Alicante
What sets us apart
Real estate experience, own capital and active management.
- More than 25 years of real estate experience.
- More than 350 transactions throughout our track record.
- Capacity to originate and analyse opportunities.
- Experience in the acquisition, transformation and operation of assets.
- Co-investment of our own capital.
- Active management throughout the entire investment cycle.

