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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

Hotel Boutique Palacio Ico is a hotel in Teguise with 9 rooms, 10.9 km from the Charco de San Ginés, Arrecife.

Hotel Boutique Palacio Ico: The courtyard's wooden balconies and staircaseTeguise, Spain
Selected by: Independent researchSee prices onCheck availability on

Hotel Boutique Palacio Ico in pictures

A church tower beyond the whitewashed courtyard wall
Whitewash and black stone on the house's corner
Suite 06's sitting room under its wooden ceiling
A black stone basin in Suite 06
Suite 09's four-poster under a pitched wooden ceiling
Suite 04, its windows onto its own patio
Suite 05's green marble bathroom
Room 08 with its two windows and wooden ceiling
Breakfast laid out at the table

The take on Hotel Boutique Palacio Ico

Palacio Ico is a manor house of around 1690 in Teguise, the old capital, and it still has the bones of a Canarian noble house: wide whitewashed stone walls, a courtyard with wooden balconies, and coffered ceilings of tea pine four to five metres high. César Manrique put the house in Lanzarote, arquitectura inédita, his survey of the island's traditional building. In the 1980s the Swiss artist Heidi Bucher bought the house, named it Palacio Ico and cast its doors and balconies in latex for her skinnings. The present owners opened it as a hotel in 2017, the year it was classed an Emblematic Hotel, a category kept for historic buildings.

There are nine rooms and suites, each kept to the size of the original space and each different. Room 01 opens onto the courtyard under its original tea-pine ceiling. Suite 04 has its own patio with an outdoor shower. Suite 05, about 65 m², was Bucher's gallery and has white marble floors and a green marble bathroom. Suite 06 sits in the tower with two balconies, one on the outside of the house and one within it. The decoration is spare on purpose: micro-cement bathrooms in the suites, local ceramics, paintings by Ildefonso Aguilar, a library of more than 300 art books and a record player with a shelf of vinyl. Breakfast is cooked to order and served at the table.

This is the classic way to see Lanzarote's history rather than its beaches. The church of Nuestra Señora de Guadalupe and the Plaza de la Constitución are a three-minute walk, the convents of San Francisco and Santo Domingo six. On Sunday morning the Mercadillo fills those streets with more than 400 stalls; after 14:00 the stalls pack up and the town is quiet again. In the evening the dining room serves two tasting menus from chef Víctor Valverde built on La Santa prawns, Uga smoked salmon and Canarian black pig, recommended by MICHELIN and holding a Repsol Sol. Teguise is central: the Fundación César Manrique is 10 minutes away by car, Famara beach 14 and the Jameos del Agua 25.

The trade is plain. There is no pool and no beach, and the cheapest room, Room 02, has no window beyond a small pane in its door. The restaurant does not open every night, and the hotel asks for two or three nights at a time. Book it for a few days of the island's interior, with a car, good dinners and a quiet courtyard, and pair it with a few nights on the coast if you want swimming. For couples who care how a place looks, tastes and sounds at night, it is hard to beat.

Go deeper on Hotel Boutique Palacio Ico

Car useful

Car hire in Lanzarote

Teguise's old town is for walking and buses 7 and 10 come from Arrecife, but Famara beach is 14 minutes by car and Costa Teguise's 21; parking is free, though the hotel's lane is pedestrian, so ask where to leave the car.

Read the car hire guide
César Manrique-Lanzarote Airport (ACE)Compare cars on

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Taxi

Getting from the airport in Lanzarote

By car from ACE 21 min

No airport bus goes to Teguise, and a taxi takes 21 minutes for about €29 by day.

The airport guide

Book a private transfer

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A driver meets you in arrivals with your name on a sign, at a fixed price agreed when you book. Booked and paid with Welcome Pickups through our partner Travelpayouts; we may earn a commission.

Suite 06 at Hotel Boutique Palacio Ico: a bed with a rough-hewn wooden headboard, a side table and dark wooden floors

Hotel Boutique Palacio Ico: the room to book, Suite 06

The Princesa Ico suite sits in the tower with two rooms, 18th-century wooden floors, coffered ceilings and two private balconies, one on the outside of the house and one within it: the most of the old house in one booking. It costs about €165 a night more than the entry room on a June date, which, unlike this suite, has no window.

Ask for
Nothing beyond the suite itself: each of the nine rooms is unique, so book it by name. If it is taken, Room 08 has windows over both the village and the courtyard for a much smaller step up.
Avoid
Room 02 if you want daylight (its only window is a small pane in the door), and Room 07 if you want a view: it is an interior room lit by skylights.

Hotel Boutique Palacio Ico: where to eat, Palacio Ico

The tables at this hotel that are a reason to come, and how hard they are to get.

Hotel Boutique Palacio Ico: Breakfast laid out at the table
Michelin recommendedChef Víctor ValverdeTasting menus of Lanzarote produce

The reason many people book the house. Chef Víctor Valverde, who trained with Martín Berasategui and Sergi Arola, cooks two tasting menus, one long and one short, that change with the seasons and stay close to the island: La Santa prawns and carabineros, Uga smoked salmon, Lanzarote octopus, cherne and Canarian black pig, with a wine list strong on small-grower champagne and Canarian bottles. The dining room is open to non-residents, and it does not serve every night, so book the table when you book the room.

Book well ahead: tables go weeks out

Hotel DNA

Hotel Boutique Palacio Ico: who it suits

IntimateLarge resort
InternationalStrong sense of place
Food secondaryDestination dining
Beach & pool optionalBeach & pool central
QuietLively
FunctionalDesign-led

What guests keep saying

Recurring themes in recent guest reviews, in our words. No quotes, no scores.

Praised again and again

  • Breakfast cooked to order and served at the table
  • Silence at night in the village centre
  • Spacious rooms under original wooden ceilings

The recurring complaint

  • Some rooms feel dark, especially at night
  • Staff stretched between reception and restaurant

Read the reviews yourself before you book.

Where Hotel Boutique Palacio Ico is, and getting there

Calle El Rayo 2 is a pedestrian lane in the historic centre of Teguise, the part of the town declared a historic-artistic ensemble in 1980. The church of Nuestra Señora de Guadalupe, the Palacio Spínola and the Plaza de la Constitución are three minutes on foot, and the bells reach the courtyard. The convents of San Francisco and Santo Domingo are six minutes. The Sunday market runs from 9:00 to 14:00 in the streets around the hotel.

By car off-peak, the airport is 21 minutes away, the Fundación César Manrique 10 minutes, Famara beach 14, the beach at Costa Teguise 21, the Jameos del Agua and the Timanfaya visitor centre at Mancha Blanca 25, the Mirador del Río 32, the Islote de Hilario 37 and the Papagayo beaches about 50. Buses 7 and 10 run from Arrecife to the Ayuntamiento de Teguise stop. The lane is closed to cars, and the hotel offers free parking.

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
Where to stay: Teguise, the old capital

Questions people ask

Good questions about Hotel Boutique Palacio Ico

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.

Where is Hotel Boutique Palacio Ico?

It is in Teguise, Spain, about 10.9 km from the Charco de San Ginés, Arrecife and around 21 minutes by car from ACE airport.

How much does Hotel Boutique Palacio Ico cost?

Entry rooms typically start from about €195 a night outside peak dates. We show typical rates, never live prices or invented discounts.

Which room should I book at Hotel Boutique Palacio Ico?

Suite 06. The Princesa Ico suite sits in the tower with two rooms, 18th-century wooden floors, coffered ceilings and two private balconies, one on the outside of the house and one within it: the most of the old house in one booking. It costs about €165 a night more than the entry room on a June date, which, unlike this suite, has no window. Nothing beyond the suite itself: each of the nine rooms is unique, so book it by name. If it is taken, Room 08 has windows over both the village and the courtyard for a much smaller step up.

Where should I eat at Hotel Boutique Palacio Ico?

Palacio Ico. The reason many people book the house. Chef Víctor Valverde, who trained with Martín Berasategui and Sergi Arola, cooks two tasting menus, one long and one short, that change with the seasons and stay close to the island: La Santa prawns and carabineros, Uga smoked salmon, Lanzarote octopus, cherne and Canarian black pig, with a wine list strong on small-grower champagne and Canarian bottles. The dining room is open to non-residents, and it does not serve every night, so book the table when you book the room.

Is Hotel Boutique Palacio Ico adults-only?

No, but it suits couples more than families.

Our verdict

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.

€€From about €195 a night

If you book through our links we may earn a commission from Expedia. It never affects which hotels we include. Hotels cannot pay to be here. · Last checked: October 2026

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From about

€195 a night

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