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Hotel Lancelot vs Hotel Boutique Palacio Ico

In a port town or an old capital, €95 apart. Hotel Lancelot, from about €100, if you want Arrecife's town beach a minute from the door, a rooftop pool and the airport seven minutes' drive away; Hotel Boutique Palacio Ico, from about €195, if you would rather swap the beach and pool for nine rooms in a manor house of around 1690 in Teguise and a MICHELIN-recommended dining room.

Hotel Lancelot: Playa del Reducto, across the promenadeThe smart money

Hotel Lancelot

A renovated 1969 hotel across the promenade from Arrecife's town beach, with a rooftop pool and sea-view doubles, for little money.

€From about €100 a night

Choose Hotel Lancelot if

  • A short break on a budget
  • A first look at the island
  • Touring by hire car
  • Beach and town on foot

The catch

The bars keep short hours, so evenings are spent in town rather than at the hotel

Hotel Boutique Palacio Ico: The courtyard's wooden balconies and staircaseThe classic

Hotel Boutique Palacio Ico

Nine rooms in a manor house of around 1690 in Teguise, the old capital, with a dining room MICHELIN recommends.

€€From about €195 a night

Choose Hotel Boutique Palacio Ico if

  • Couples touring the whole island
  • Food-led short breaks
  • Architecture and art lovers
  • A quiet base for the Sunday market

The catch

No pool and no beach: Famara is a 14-minute drive, Costa Teguise 21

Which of our lists each one is on

Best forHotel LancelotHotel Boutique Palacio Ico
Best design hotels in LanzaroteNot on the listOn the list
Best value hotels in LanzaroteOn the listOn the list
Best central hotels in LanzaroteOn the listNot on the list
Best quiet hotels in LanzaroteNot on the listOn the list
Best hotels with a view in LanzaroteOn the listNot on the list
Best hotels for food and drink in LanzaroteNot on the listOn the list

Both hotels on the same scales

Hotel LancelotHotel Boutique Palacio Ico

Smart spendSplurge
Central & walkableRemote escape
Local & connectedSelf-contained
Beach & pool optionalBeach & pool central
Explore outsideStay at the hotel
QuietLively
IntimateLarge resort

Hotel Lancelot

Area
Arrecife, Spain
From the centre
1 km
Airport
7 min from ACE
Price band
€
Typical rate
From about €100 a night
Rooms
Not confirmed
Opened
1969
Pool
Rooftop
Beach
Public beach nearby
Spa
No
Adults only
No
Restaurants
1
Parking
No
Selected by
Independent research
Last checked
October 2026

Hotel Boutique Palacio Ico

Area
Teguise, Spain
From the centre
10.9 km
Airport
21 min from ACE
Price band
€€
Typical rate
From about €195 a night
Rooms
9
Opened
2017
Pool
No pool
Beach
None
Spa
No
Adults only
No
Restaurants
1
Parking
Yes
Selected by
Independent research
Last checked
October 2026

The verdict

In a port town or an old capital, €95 apart. Hotel Lancelot, from about €100, if you want Arrecife's town beach a minute from the door, a rooftop pool and the airport seven minutes' drive away; Hotel Boutique Palacio Ico, from about €195, if you would rather swap the beach and pool for nine rooms in a manor house of around 1690 in Teguise and a MICHELIN-recommended dining room.

Questions people ask

Good questions about Hotel Lancelot vs Hotel Boutique Palacio Ico

Hotel Lancelot or Hotel Boutique Palacio Ico?

In a port town or an old capital, €95 apart. Hotel Lancelot, from about €100, if you want Arrecife's town beach a minute from the door, a rooftop pool and the airport seven minutes' drive away; Hotel Boutique Palacio Ico, from about €195, if you would rather swap the beach and pool for nine rooms in a manor house of around 1690 in Teguise and a MICHELIN-recommended dining room.

Is Hotel Lancelot worth it?

A town-beach hotel with a rooftop pool, close to everything on an island of short drives, at a price that leaves room for dinner out. Check availability for a sea-view double. A plain, renovated three-star on the island capital's town beach, with a rooftop pool and the old town on foot. You come back to sleep and swim, eat out in Arrecife, and the bill stays small.

Does Hotel Lancelot have a pool or a beach?

It has a rooftop pool. A public beach is within walking distance.

Is Hotel Boutique Palacio Ico worth it?

History, a serious dinner and nine rooms of whitewash and old wood, for couples happy to drive to the beach. Check availability for Suite 06 or Room 08. Nine rooms in a 17th-century house in the old capital, with a serious dinner and no pool at all. It is a base for seeing the island and eating well, not for lying by the water.

Does Hotel Boutique Palacio Ico have a pool or a beach?

There is no pool. There is no beach; the nearest is a drive away.