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Radar · Hotels in Estonia

Best Hotels Companies in Estonia

The 57 best Hotels companies in Estonia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Hotel Telegraaf.

57companies tracked
$543Kdisclosed funding
0unicorns
1have raised

Estonia's Hotels sector sits at an interesting extreme: 57 companies tracked, total disclosed funding of $543,021, with virtually all of it concentrated in a single name. Hotel Telegraaf accounts for the entire $543,021 pool. Every other company on this list, including Tervis Spaa Grupp, Estonia Spa Hotels, and LaSpa, shows zero disclosed equity. So when you're scanning this directory for funding momentum, the signal is thin but the story is real. The global hotels market was valued at roughly $652.4B in 2022 and is projected to reach $1.0T by 2030 at an 8.1% CAGR, driven by leisure travel and post-pandemic recovery. Estonia's slice of that is modest in capital terms, but the underlying demand picture tracks the broader trend.

What I find worth watching is the mobile side. Median install growth across hotels and leisure apps is running at roughly +25% YoY, which suggests consumer engagement is outpacing the funding numbers here. London occupancy is already feeling pressure from geopolitical disruption, a reminder that macro headwinds hit thin-funded markets harder. Coverage in Estonia's hotel segment is flat, with no unicorns and European Union funding listed as the primary institutional backer. The directory ranks these companies by disclosed equity and recent funding momentum, giving you a clean starting point for due diligence.

Sources & further reading
  • ResearchAndMarkets.com

Ranked: Best Hotels companies in Estonia

#CompanyRevenueDisclosed fundingNet marginEmployeesTech stackWeb popularityRecent signals
1Estonia Spa Hotels
Operator of hotels chains
$12M
FY2023
——222WordPressMySQLPHP+13Top 1M—
2Tervis Spaa Grupp
Operator of hotels
$8M
FY2023
——218WordPress Block EditorWordPressMySQL+18Top 5M—
3Tervis Spaa Grupp
Tervis Spaa Grupp
$7M
FY2023
—+8%162WordPressMySQLPHP+11Top 50M—
4LaSpa
Laulasmaa spa hotel LaSpa I Wellbeing by nature I Official website
$7M
FY2023
—-5%154WordPress Block EditorWordPressMySQL+22Top 5M—
5Hotel Telegraaf
Operator of luxury hotels
$7M
FY2022
$543K—92WordPressMySQLPHP+19Top 5M—
6Hedon SPA
Operator of boutique spa hotels
$6M
FY2023
——144WordPressMySQLPHP+14Top 5M—
7Noorus
Operator of hotel
$6M
FY2022
——176———
8Lydia$4M
FY2023
—+15%84WordPressMySQLPHP+33Top 5M—
9Lossispaa Wagenkull
Lossispaa Wagenküll I Spaa Lõuna-Eestis
$3M
FY2022
—+1%53WordPress Block EditorWordPressMySQL+24Top 1M—
10Schlossle Hotels
Schlössle Hotels | Luxurious hotels in Tallinn and Riga
$2M
FY2023
——44——1 award
11Asa Spa Hotel
Provider of hotel booking services
$2M
FY2022
——71WordPress Block EditorWordPressMySQL+18Top 5M—
12Dreamstay
Online platform for booking vacation rentals
$1M
FY2022
——15WordPressMySQLPHP+28Top 10M—
13Narva Hotell
Operator of hotels
$1M
FY2023
—+12%29WordPressMySQLPHP+20Top 10M—
14Spalavendel$813K
FY2022
—+0%12———
15Hektor Stay
Hektor Stay - nutikas majutuse kogemus Eestis | Tallinn | Tartu
$667K
FY2022
——14WordPressMySQLPHP+26Top 10M—
16GOSPA
Georg Ots Spa hotell | Spaa hotell Saaremaal
$630K
FY2023
—+9%39Amazon Web ServicesReactApache HTTP Server+11Top 5M—
17Maidla Nature Resort
Maidla Nature Resort
$461K
FY2023
—-35%15Cart FunctionalitySquarespace CommerceSquarespace+21Top 5M—
18Ojako
Ojako | Puhke- ja koolituskeskus Pärnumaal
$453K
FY2023
—+24%23WordPressMySQLPHP+14Top 10M—
19Hotell Tammsaare
Hotell Tammsaare
$446K
FY2023
—+12%9WordPressBetterDocsMySQL+19Top 10M—
20Ehehostel$416K
FY2023
—+16%8———
21Hilltoptallinn
Operator of hotels
$373K
FY2023
——6———
22Centrum$368K
FY2023
—+8%9WordPressMySQLPHP+27Top 10M—
23Taevaskoja
Operator of hotel
$361K
FY2023
——29WordPressMySQLPHP+16Top 10M—
24Alex$354K
FY2023
—+11%11———
25Tallinn Apartment Hotel
Tallinn Apartment Hotel – Apartments in Tallinn city centre
$328K
FY2022
—+39%7———
26Adila
Adila heaolu- ja puhkekeskus on ideaalne paik ürituste korraldamiseks
$301K
FY2023
—-19%4———
27Klaara
Klaara-Manni Puhke- ja Seminarikeskus
$290K
FY2022
—+31%9WordPress Block EditorWordPressMySQL+28Top 10M—
28Hindreku Turismitalu
Operator of hotels
$287K
FY2023
——8WordPressMySQLPHP+20Top 10M—
29Ravila Mõis
Operator of standard hotel
$264K
FY2023
—+15%6———
30Altmoisa$253K
FY2023
—+3%12NginxjQueryModernizr+4Top 50M—

Top 5 Hotels companies in Estonia

#1
Funding Raised · Tallinn, Harju County · founded 2007 · 92 employees
$543Kraised
▾

Hotel Telegraaf is a 5-star luxury hotel situated in the heart of Tallinn's Old Town, Estonia. The hotel offers 86 elegant rooms and suites, as well as a range of amenities including an Elemis Spa, pool, and fitness center. Its prime location provides guests with easy access to the city's main attractions and cultural events.

Funding rounds
  • Sep 2021Grant (prize money)$211K
  • Aug 2021Grant (prize money)$14.5K
  • Jun 2021Grant (prize money)$196.2K
  • Mar 2021Grant (prize money)$121.1K
Investors
Europa
Tech stack
AddthisCookieyesGoogle AnalyticsGoogle MapsHstsHttp/3
#2
Funding Raised · Parnu, Parnu County · founded 1996 · 218 employees
—raised
▾

Operator of hotels

Investors
European Union
Tech stack
AosApache Http ServerCookiebotGoogle AnalyticsGoogle Tag ManagerHammer.Js
#3
Funding Raised · Parnu, Parnu County · founded 1947 · 222 employees
—raised
▾

Operator of hotels chains

Investors
European Union
Tech stack
AosApache Http ServerCloudflareCloudflare Bot ManagementHammer.JsJquery
#4
Funding Raised · Estonia · founded 2004 · 154 employees
—raised
▾

Manufacturer and supplier of sanitary products based in Laagri, Estonia. The company offers a range of products for the bathroom, including baths, basins, steam rooms, shower cabins, massage rooms, massage panels, energy cocoons, and other bathroom fixtures.

Investors
European Union
Tech stack
Amazon SesAmazon Web ServicesApache Http ServerCart FunctionalityCookieyesCore-Js
#5
Funding Raised · Estonia · 162 employees
—raised
▾

Tervis Spaa Grupp

Investors
European Union
Tech stack
Apache Http ServerGoogle AnalyticsJqueryJquery MigrateJquery UiLit-Element

Funding & investor landscape

$543Ktotal disclosed funding
1companies funded
5disclosed rounds
0rounds last 90 days
Most active investors
European Union4 rounds
Europa1 rounds
Prism market signals · Estonia · country-scoped Prism corpus, 83,994 docs

Market landscape — 10 sub-themes by coverage

Share of Hotels coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

Common questions

How many Hotels companies are there in Estonia?
Radar tracks 57 indexable Hotels companies headquartered in Estonia that meet our profile-completeness bar.
What is the total funding raised by Hotels companies in Estonia?
The Hotels companies in Estonia on this list have raised a combined $543K in disclosed equity funding across 1 funded companies.
Which is the highest-funded Hotels company in Estonia?
Hotel Telegraaf is the highest-funded Hotels company in Estonia, with $543K in disclosed equity funding.
How many Hotels companies in Estonia are funded?
1 of the 57 Hotels companies in Estonia on this list have disclosed at least one equity funding round.
How many Hotels unicorns are there in Estonia?
None of the Hotels companies in Estonia on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Estonia Hotels companies?
The most active investors in Estonia Hotels companies on this list include European Union, Europa.
Riya SenguptaFinancials

Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.

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