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

