Investment criteria
Search criteria for hotel assets
At Tufano Capital Real Estate Investments we look for investment opportunities in real estate assets intended for the hotel sector, with particular interest in whole buildings, hotels and apart-hotels with potential for transformation, refurbishment or repositioning.
1. Asset types
- Whole buildings (vertical properties).
- Hotels and apart-hotels, operating or out of operation.
- Buildings suitable for conversion to hotel use.
- Hotel assets with potential for refurbishment, repositioning or change of operator.
2. Priority locations
- Main cities: Madrid, Barcelona, Valencia, Alicante, Seville, Málaga and Bilbao.
- Mediterranean coast, Balearic Islands and Canary Islands: seafront locations or close to the coast.
3. Property characteristics
- Built area: between 1.000 and 4.000 m².
- Minimum capacity: 20–25 rooms or accommodation units.
- Assets requiring full refurbishment, renovation or change of use are valued.
- Flexibility on size and capacity for strategic locations.
4. Planning requirements
- Planning compatibility with hotel use.
- Possibility of change of use to hotel or apart-hotel.
- Adequate planning potential for the development of the project.
- Assets with licences or proven planning viability are especially valued.
5. Investment volume
- Target investment: between 5 and 15 million euros per transaction.
- Flexibility to consider opportunities outside this range.
- Interest in assets with potential for value creation through investment and improvement of the property.
Excluded assets
We do not consider opportunities with any of the following characteristics:
- Individual homes, flats or isolated apartments.
- Retail premises or offices.
- Assets located outside the defined geographic locations.