Historic Villa - Resort Expansion

with aCueva Bungalows

A Historic Andalusian Treasure

Surrounded by lush greenery, tranquil water features, and uninterrupted views, Las Sirenas is a hidden gem that seamlessly blends Andalusian charm with contemporary luxury.

La Sirenas Estate

Sotogrande, Costa Del Sol, Spain

ORIGINS & HISTORY

  • Construction: The villa was built in 1973.

  • Architect: It was designed by the renowned architect Manuel Camisuli Andaluz.

  • Original Owner: It was commissioned by the famous Hollywood actor Stewart Granger.

  • Design Influence: The property features a blend of Andalusian and Arab-inspired architecture, characterized by tall arches, formal fountains, and opulent, "Rococo flair" interiors.

Key Features and Modern Usage

Interiors 2,300 m2  (24,757 square feet)   /  Exterior 20 hectares

Primary Villa: 16 bedrooms, 16 bathrooms

2 x garages holding up to 10 cars

  • Estate Grounds: The house is set within 15 acres of semi-tropical gardens, featuring palm trees, cacti, and bougainvillea.

  • Estate Components: The property includes the main house, two separate guest houses, and mature, structured gardens.

  • Usage: Today, it is recognized as a exclusive, private, and luxury venue for weddings and events on the Costa del Sol.

  • Location: It is positioned in a private, secluded area a short drive from the main Sotogrande port and beach clubs.

  • Tennis courts

  • Royal botanical gardens award winner 1991

LOCATION
Sotogrande is located in the municipality of San Roque, Cádiz, Costa Del Sol, Spain in southern Europe. It offers fantastic travel links located just 90 kilometers west of Malaga airport and 20 kilometers east of Gibraltar airport. It is considered one of the most scenic parts of the Costa del Sol coastline with its lush vegetation, picturesque marina and attractive

UNIQUE GRANDEUR & PALATIAL ELEGANCE​

Tucked away along a tree canopy driveway and hidden away from prying eyes, lays this elegant Spanish estate. Upon first glance, it is reminiscent of a bygone era but within hides an enchanting mystic.

Built in 1973 this impressive ten bedroom house sits on an estate of over 15 acres of enchanting gardens and seems to be the quintessential embodiment of European sensibilities. Walled and gated, the elegant property is the result of old world artisan craftsmanship. The rooms have soaring ceilings, arched windows and a Rococo flair.

Arabian decor is hugely influential in the interior design of this house and creates an atmosphere of mystique, fantasy and no holds-barred luxury. As you approach the estate along its tree lined drive passing two separate guest houses nestled within its garden, the house comes into view and is framed by the trees and landscaped gardens an impressive formal fountain takes center stage redefining its palatial elegance. The Mediterranean Sea sits to the left of the property peeking through the perfectly framed conifer trees and water can be heard flowing around the garden creating an ambience of tranquility and serenity

The house itself welcomes you through a magnificent entrance hall which connects the old with the new, original fixtures have been lovingly restored and seamlessly incorporated to offer modern conveniences. Decorative panels with lustrous gold finishes and a large arched window invite you to venture further, with the formal dining room, gentleman’s Library, kitchen and main living room all stemming from it. The main living room with its opulent décor and Arabian flair is not only impressive but hides a secret for within its walls are a secret labyrinth of tunnels which entwine each wing of the house together and lead to the Turkish bath, indoor swimming pool and underground Hamman.

Truly designed for entertaining the impressive grounds offer an unparalleled resort-like setting, impeccable landscaping, outdoor gourmet kitchen with barbeque, fireplace and firepit, free-form blue mosaic tile pool, walkways water features, and a fabulous secret garden dedicated to Neptune himself all await.

Private Bungalows

Luxury private bungalows with bathrooms and kitchenettes

Invest in La Sirenas Sotogrande aCueva Resort Expansion

  • Privacy & Exclusivity: Unlike the bustling scene in nearby Marbella, Sotogrande offers a more secure, "hidden" environment popular with international dignitaries, executives, and high-net-worth individuals.

  • Lifestyle Amenities: The area boasts world-class facilities, including Valderrama Golf Club, extensive polo fields hosting major international tournaments, and a private marina.

  • Targeted Expansion: New projects, including those from Henrik Stenson Golf Design and architect Archesa SPA, are adding to the existing exclusive infrastructure.

  • High-End Offerings: Elite demand is met with properties ranging from villas up to €18 million in Sotogrande Alto, often featuring panoramic views of the Mediterranean and Gibraltar.

  • Luxury Landscape & Demand: These initiatives aim to solidify Sotogrande as a premier, tranquil destination in Europe, offering discreet luxury for the ultra-wealthy

Investment Overview

Existing Las Sirenas Estate Approximate Standalone Valuation:

  • €12M–€25M

Estimated Existing Estate Value (Without Resort Expansion)

Based on:

  • land size

  • rarity

  • estate architecture

  • Sotogrande luxury pricing

  • hospitality/event potential

  • ultra-prime Sotogrande positioning

  • privacy

  • estate scale

  • mature landscaping

  • architectural identity

  • experiential atmosphere

Proposed New Resort Layout:

Existing estate becomes:

  • club house

  • luxury villa accommodations

  • spa, hammam, wellness facility

  • restaurant and lounge

  • event venue

Plus:

  • 25 luxury individual bungalow aCueva accommodations

  • wellness areas

  • walking paths

  • vineyard and orange orchard experiences

  • high-end food & beverage

Valuation Adding 25 aCueva Accommodations

  • €35M–€60M+

Adding 25 luxury aCueva bungalows will shift it from being simply a private estate into a destination hospitality asset — and that changes valuation dramatically. A private villa is quickly converted into a branded luxury hospitality resort

Value increases substantially because buyers start underwriting:

  • EBITDA

  • ADR (nightly rates)

  • occupancy

  • experiential brand value

  • event/wedding revenue

  • wellness/spa potential

Revenue Projection

Strong Boutique Resort

25 units × €550 ADR × 72% occupancy

25×365×0.72×55025 \times 365 \times 0.72 \times 55025×365×0.72×550

€3.6M annual room revenue

Resort includes:

  • 25 individual luxury accommodations

  • wellness

  • restaurant

  • retreats

  • corporate buyouts

  • wedding venue with all inclusive accommodations

Total resort revenue could realistically become:

Total Revenue:

  • €4.5M–€7M annually

Valuation

EBITDA Potential

Luxury boutique resorts operate:

  • 30%–45% EBITDA margins

Example:

€6M revenue × 38%

6000000×0.386000000 \times 0.386000000×0.38

€2.28M EBITDA

Resort Valuation

Luxury hospitality assets trade around:

  • 10x–16x EBITDA
    depending on:

  • uniqueness

  • branding

  • stabilized occupancy

  • luxury tier

Example:

€2.28M EBITDA × 12

2280000×122280000 \times 122280000×12

€27.4M valuation

High-End Destination

Las Sirenas Positioned as:

  • ultra-luxury retreat or club

  • wellness resort

  • event venue destination

  • historic architecture-forward hospitality brand

…it could potentially reach:

Potential Long-Term Stabilized Valuation With aCuevas

  • €35M–€60M+

That range becomes realistic if:

  • ADR exceeds €700/night

  • occupancy stabilizes above 75%

  • F&B/event revenue becomes meaningful

  • the brand gains recognition

Cost Summary

Land Acquisition

  • €18,000,000 (Full property, 3 parcels including villa, rustic preserve, and pre-approved 150 apartments)

  • €7,000,000 (Sub-divide Villa parcel-only)

  • €7,000,000 (Sub-divide 150 apartments parcel-only)

aCueva Bungalows (Based on 25 units + pergola porches)

  • 5 Mini (5.8m) = €325,000 (Developer discount €65,000/ea)

  • 10 Retreat (8.5m) = €700,000 (Developer discount €70,000/ea)

  • 10 Summit (11.5m) = €800,000 (Developer discount €80,000/ea)

  • Completely built 25 aCueva Bungalows + pergola porches = €1,825,000

Shipping & Delivery:

  • Shipping = €250,000 (€10,000/ea unit)

  • Includes shipping from the factory to the Algeciras port, transfer to truck, transported to property

  • Delivery & Installation = €375,000 (€15,000/ea unit)

  • Includes crane, equipment, and crew to move it from truck to final foundation, installing and securing on foundation, hook-up to utilities

Property Preparation (Cost Estimates to Budget):

  • Foundation, Utilities, & Ground Preparation (Estimate) = €375,000 (€15,000/ea unit)

  • Permits TBD based on local town hall

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