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Land
Ready-to-build and development land, residential, commercial and hotel use, in the main cities and along the coast. Identified owner and direct dialogue.
A real estate brokerage firm with direct access to owners, developers, operators and investors.
About the firm
High-end homes, handled with judgement, calm and absolute discretion.
We work with owners and buyers who value a careful, quiet process and access to opportunities that do not always reach the open market.
Selective marketing of singular homes, protecting the owner's privacy and the asset's value. No unnecessary exposure.
Targeted search built around the client's criteria, with direct access to owners, developers and off-market product.
Analysis, negotiation and coordination of every stage of the transaction, alongside the client's legal and tax advisors.
Interior · Private collectionWe understand that behind every residential transaction lies an important personal decision. The process adapts to the client, not the other way around: sensible timelines, complete information and a single point of contact from start to finish.
At every moment, the client knows what is confirmed, what remains to be verified and what comes next.
Investment assets, hospitality and institutional transactions, originated directly.
Horlux & Emuna works with institutional investors, family offices, hotel operators and private wealth on transactions typically above €10M.
Income-producing or repositioning residential assets in prime, consolidated locations.
Hotels and assets with hotel potential, in direct contact with national and international operators and chains.
Commercial and residential product with contracts in place, for long-term investment profiles.
Land opportunities and development projects, analysed case by case alongside leading developers.
We work directly with hospitality investors, private wealth and family offices to locate interesting product wherever it is: hotels, entire buildings, land and singular assets in the main cities. In addition to our bases in Madrid, Marbella, Ibiza and Miami, we regularly operate in the following cities.
Madrid, Barcelona, Valencia, Seville, Málaga, Marbella, Bilbao, San Sebastián, Granada, Córdoba and Ibiza.
Lisbon and Porto.
Milan, Rome and Florence.
Miami as our base in the Americas. In any other country, our network of brokers and contacts lets us reach wherever the deal requires.
These are some of the opportunities Horlux & Emuna is currently working on. Out of respect for ownership and the confidentiality of each transaction, they are presented without identifying the asset. Full information is provided under a non-disclosure agreement.
Entire building in tourist operation next to one of Europe's most emblematic markets, with a gastronomic unit and stable occupancy.
Stately palacete of representative character, suited to a corporate headquarters, family office or institutional use.
Adjoining buildings at the epicentre of Madrid's new luxury district, with a hotel conversion project.
Listed historic building on the Banco de España axis, with residential units and rents in place.
Entire building of ≈2,000 sqm for luxury residential repositioning, with penthouses and retail units.
Vacant building with air rights and potential for hotel conversion of up to 60 keys.
Change of use into 21 tourist apartments via fast-track licensing, with a proposed operator.
≈2,500 sqm of open floor space for conversion into 60 tourist units, with a defined project.
From urban boutique hotels to resorts and institutional holiday portfolios, with or without an operator.
Fully zoned residential land and hotel-use land, worked alongside leading developers.
A non-exhaustive selection. The portfolio evolves continuously, and certain transactions are not published out of express commitment to ownership.
Most Horlux & Emuna opportunities are handled off-market and under non-disclosure agreements. Documentation is provided upon request, once the investor profile has been verified.
Pre-construction new developments in Florida, with direct developer access.
Horlux & Emuna offers pre-construction product in Miami to Spanish and European investors: early-phase entry, staged payments tied to construction progress, and terms secured before the open market.
A dollar-denominated market: currency diversification and wealth protection. A clear way to balance a euro-concentrated portfolio.
Florida levies no state income tax, and no state-level wealth or inheritance taxes. One of the most efficient destinations for European capital.
Direct relationships with Florida developers: pre-construction pricing and terms that never reach the open market.
Florida steadily attracts corporate headquarters and new residents, sustaining housing demand in both sales and rentals.
Appreciation figures: public reference data from the U.S. MLS, measured on purchase value. These are market references, not a guarantee of returns. Financing subject to each project's terms.
A selection of active developments with pre-construction terms. Full dossier for each project available upon request.
Golf course and ocean views, no rental restrictions. Includes golf club and beach club membership. The most accessible project in the portfolio.
Fully furnished units, rental-ready from day one, with an 8.5% leaseback programme guaranteed by the developer.
Residence and private office with separate property titles, in the financial district. No operator, no rental restrictions.
Residence and office with separate titles in the heart of Wynwood, Miami's art district.
Iconic 90-storey tower with Miami's first observatory and a sky pool 800 feet up. Ultra-luxury with signature dining.
Horlux & Emuna operates in Miami alongside Rubén Alfonso Real Estate Group by Beachfront Realty, Miami's leading independent real estate company by sales volume: over 1,800 licensed professionals, legal and tax teams specialised in international investors, rental and resale departments, U.S. bank account opening from Spain, and financing for foreign buyers of up to 80%. Investors are supported before, during and after the transaction.
A boutique firm built on relationships, not volume.
Horlux & Emuna Real Estate Partners is born from the union of two boutique firms: Horlux, founded by Álvaro Ortuño Ros, and Emuna Real Estate, founded by Israel Sánchez. One real estate brokerage firm, based in Madrid, Marbella, Ibiza and Miami and active in the main cities of Spain, Portugal and Italy, built on trust, honesty and direct access to real opportunities: owners, developers, hotel operators and investors.
We do not aim to look big. We aim to be reliable, selective and capable of executing real transactions, nurturing each relationship so it lasts many years and many deals.
At Horlux & Emuna, every client works directly with the people who make the decisions. No intermediate layers, full confidentiality.
Founder of Horlux. Direct access to owners, developers, hotel operators and investors across Spain, Portugal, Italy and Miami.
ISFounder of Emuna Real Estate. A consolidated network of substantial private wealth, elite athletes and private investors.
ACOver twenty years of executive leadership in multinational professional services firms, leading teams and operations across Spain and Southern Europe.
We are real estate brokers and we work wherever the product is. Our main bases are Madrid, Marbella, Ibiza and Miami; from there we assist residential clients in any city in Spain and originate investment assets in the main cities of Spain, Portugal and Italy for hospitality investors, private wealth and family offices.
Madrid, Marbella, Ibiza and Miami. High-end residential, investment and villa rentals, with presence and our own network in each city.
Barcelona, Valencia, Seville, Málaga, Bilbao, San Sebastián, Granada and Córdoba, among others. Investment product for hospitality and private wealth, and residential homes in any city where a client needs one.
Lisbon and Porto. Milan, Rome and Florence. Hotels, buildings and singular residential, handled with trusted local partners.
As professional brokers, and thanks to our network of contacts, we reach wherever the client needs us. Every assignment outside our core cities is assessed individually.
Horlux & Emuna works with hotel operators, private banking and leading firms — among them Room00, Petite Palace, Port Blue Hotels and A&G Banca Privada — both in sourcing product and in placing it.
The Emuna Real Estate network, now part of the firm, brings access to substantial private wealth, elite athletes and private investors. That is why Horlux & Emuna does not only offer product: it also brings the right buyer to the table.
The goal is not to close a transaction. It is to build enough trust for that relationship to produce many more.
Álvaro Ortuño & Israel Sánchez · Founding Partners
Every conversation is treated with the same discretion as our transactions.
Madrid, Spain.
We work with owners, buyers, investors and operators. If your enquiry is sensitive, let us know — it will be handled with the confidentiality it requires.
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We reply personally within 24 working hours. If it's urgent, write to us directly on WhatsApp.
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A selection of homes at Madrid's best addresses — renovated or with potential.
A sample of our residential portfolio for sale. Each home has been selected and transformed with design, in high-demand areas. To explore the rest of our opportunities —many of them off-market— let's talk.
Selling a significant property is a delicate decision. We guide you with discretion, judgement and real access to buyers.
We don't list your home on hundreds of portals or expose it to the first interested party. We present it, with the confidentiality you choose, to a qualified network of buyers, investors and trusted firms.
We tell you what your property is really worth, with market data and without inflating expectations to win the mandate.
Confidential marketing and, if you prefer, entirely off-market. You control who enters your home and when.
Direct access to private clients, family offices and investors. Fewer viewings, better qualified, and serious negotiation.
From valuation to signing: documentation, negotiation and closing, with a single point of contact throughout.
Ultra-luxury villas and estates, operated to hotel standards, in the most exclusive destinations of Europe and the Caribbean.
A selection of villas for rent with daily housekeeping, concierge and five-star service. Each listing includes video, capacity and an indicative weekly rate. Availability and terms on request.
No villas match those criteria. Widen the search or contact us.
Land, hotels, buildings, retail and residences that are not on the market. Only for those who work with us.
Most of our activity happens off the market: assets their owners do not want to expose, presented only to specific investors and buyers under signed confidentiality. They have no photo on any portal and no listing on any website, including this one. Here you will find the type of product we give access to; the asset itself is presented in person.
Ready-to-build and development land, residential, commercial and hotel use, in the main cities and along the coast. Identified owner and direct dialogue.
Operating hotels and buildings with hotel use in Madrid, Barcelona, the coast and the islands. Discreet transactions with owners and operators.
Entire residential and office buildings, to reposition, refurbish or hold for income. Institutional product with no public exposure.
Retail units on prime streets and income-producing assets with first-class tenants. For private wealth and family offices.
Singular homes in La Moraleja, La Finca, Los Lagos and the most exclusive areas of Madrid, Marbella and Ibiza. Homes their owners never put on the open market.
Asset type, location, investment range and timing. A conversation, not endless forms.
We check the investor profile and sign a confidentiality agreement before sharing any information.
We present only what fits, with full documentation, and stay by your side through to closing.
The best product is never advertised. It is presented to the right person, at the right time.