Fully Operational Hostel 100m from Las Canteras Beach – Strong Net Income + Hotel License Expansion Underway

Canary Islands

€ 1,490,000

Overview

A rare opportunity to acquire a turnkey boutique hostel business located just steps away from Las Canteras beach in Las Palmas de Gran Canaria.

This modern, fully renovated property features 10 guest rooms (8 standard, 2 premium), shared bathrooms, a fully equipped communal kitchen, a spacious coworking area (60m²), a rooftop terrace (50m²) with chill-out zone and jacuzzi-ready space, and free laundry facilities for guests.

Designed for digital nomads, long-term travelers, and remote workers, this hostel offers:

Smart locks with self check-in

Noise and smoke detectors in all rooms

High-speed internet (600 Mbps) with optimal coverage across 4 floors

Premium memory foam sofa beds in standard rooms, king-size beds in premium units

Shared bathrooms designed for privacy and efficiency (3 toilets, 3 showers, 3 sinks per set)

Additionally, the property includes a commercial unit on the ground floor (currently not in use), with the potential to generate an extra €1,500/month if rented or integrated into the business.

The current operation generates net annual earnings of €96,000, with further upside available.

✅ What makes this opportunity even more attractive:
A licensing expansion is already underway to convert the building into a 6-story hotel with 12 standard rooms and 2 suites. The permit is expected to be finalized within the year.

🔹 Reason for sale: reinvestment into a larger-scale business in the same hospitality niche.

If you’re looking for a high-performing hospitality asset with strategic location, solid cashflow, and long-term growth potential, this is your chance.

📩 Contact us for financials, floorplans, or to schedule a virtual or on-site visit.

Details

YEAR BUILT

1970

# OF FLOORS

4

LOT SIZE

0,037 acres

# OF BUILDINGS

1

Features

  • Guest Laundry
  • Interior Corridor
  • Meeting Space

Financial

Posted By

Owner

Affiliation

Independent

# OF UNITS

10

ROOM REVENUE

$ 120,000

OTHER INCOME

$ 1,500

ADR

$ 40

OCCUPANCY %

85 %

NOI

$ 96,000

Location

  • Region

    Europe
  • Country

    Spain
  • Address

    Calle Hierro 23
    Canary Islands, Las Palmas de Gran Canaria
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