Hotel for sale in Icod de los Vinos, Tenerife

Unique M&A opportunity for investors in Northern Tenerife. For sale is a fully operational and highly profitable boutique aparthotel with over 27 years of market presence in Icod de los Vinos, integrated into a beautifully restored, 218-year-old historic monastery building.

Financial highlights:
• Purchase price: €809,100
• Gross yield: 12.36% (with a provable annual revenue of €100,000).
• Occupancy rate: Outstanding year-round occupancy of 93%.
• R.I.C. eligibility: This project meets all the legal requirements for the materialization of funds from the Reserva para Inversiones en Canarias, as it involves an active, fully licensed tourist establishment. It represents a tax optimization tool for Canary Islands-based companies.
• Leverage option: With a 50% bank financing structure, the cash-on-cash yield rises above 5% per year, supported by an excellent debt service coverage ratio (DSCR) of 1.70.
• Efficiency: The operational business runs fully automated, requiring only 24 hours of cleaning and 24 hours of administration per week.

Property layout (423 m² built area):
A turnkey investment featuring 7 self-contained, fully furnished accommodation units (6 apartments and 1 studio) operating under an adults-only concept. It includes a beautiful Canarian courtyard filled with lush vegetation, and extensive roof terraces with lounge areas, a pergola, and spectacular panoramic sea views.

Note: The sale is structured as a share deal (transfer of 100% of the debt-free S.L. company), which holds the property asset and active licenses. This provides significant tax advantages upon purchase (potential exemption from the 6.5% ITP property transfer tax). All inventory and goodwill are included.