The Hestia Inversión Patrimonial group plans to spend around €18 million over the coming years to acquire seven buildings in Seville. According to the company, in most cases the transactions involve the acquisition and refurbishment of entire properties located in established areas of the city. Its aim is “to transform them into hotels, accommodation facilities or mixed-use developments to meet a demand that continues to grow”.
The Andalusian firm believes that the current regulatory environment is driving a transformation of the tourism-related property market and fuelling interest in this type of product and in property repositioning projects. “The market is evolving towards more structured and professionalised models. Investors are seeking stability, management expertise and greater regulatory predictability”, explained Juan José Laguna, founding partner of Hestia.
The firm, which ended 2025 with a turnover of €14 million, a workforce of over 200 professionals and a portfolio comprising 30 active property projects, currently manages some 220 units and has over 700 beds in operation in Seville. Its interest in expanding its business comes at a particularly significant time for Seville’s tourism market. According to the latest figures available from the company, the Andalusian capital currently has 9,592 legal holiday homes, 11% fewer than before the new regulatory measures were introduced. Since 2024, 1,422 licences have been revoked in the capital and more than 15,300 across Andalusia, they explained, representing “a significant reduction in supply and increasingly stringent regulatory requirements for the development of new projects”.
For Hestia, the most significant consequence of this situation is that bringing new assets onto the market is becoming increasingly complex, which enhances the strategic value of those capable of operating within a defined regulatory framework. Against this backdrop, entire buildings dedicated to tourist and hotel accommodation are becoming more attractive to investors, as they offer greater management capacity, economies of scale and clearer regulatory visibility.
Added to this situation is the strength of demand. Last April, Andalusia recorded more than 5.2 million hotel overnight stays, 4.3% more than a year earlier, while employment in the sector rose by 10.9%. The figures show that tourism continues to grow and that demand for accommodation continues to trend positively. The company believes that the combination of a more limited supply and sustained interest will, over the coming years, drive up the value of the best-located properties and boost interest in refurbishment projects in Seville’s historic centre and other established areas of the city.
A significant part of its strategy focuses on identifying underused or disused buildings with potential for transformation. It is currently developing projects in areas such as Santa Cruz and Triana, where land availability is limited and regeneration is establishing itself as one of the main ways to generate new supply. It estimates returns of around 9% on this type of transaction, based on a comprehensive analysis of each asset and its integrated management model.
“Seville will continue to be one of the most attractive markets for tourism-related property investment. The key will lie in identifying opportunities that combine profitability, legal certainty and specialist management”, said José Aycart, the company’s founding partner.
