✨ Highlights

• Reconstructed in 1910, renovated in 2018
• Fully operational hotel with good public reviews
• Situated in the heart of Ribadeo

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⭐ Public reviews

4.4/5 and 180 reviews on Google Maps

9.6/10 and 72 reviews on Expedia

Website

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👍 Positive feedback from guests

1. Great Location: The hotel is well-located next to a square, garden, and various shops, bars, and restaurants.
2. Comfortable and Clean: Rooms are described as clean, comfortable, and well-furnished, with some featuring nice amenities like balconies.
3. Friendly Staff: Receptionists and staff are praised for being warm, helpful, and accommodating.
4. Chic and Elegant Decor: The hotel’s decor is noted as chic, elegant, and tasteful, enhancing the overall ambiance.
5. Excellent Breakfast: The breakfast is highly rated for its variety and quality.

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👎 Negative feedback from guests

1. Noisy at Times: Some guests found the location noisy, particularly when there were events or parties in the area.
2. Customer Service Issues: There are complaints about the hotel's manager being rude and unhelpful, particularly regarding room changes and handling of guest issues
3. High Prices: A few guests felt that the hotel was overpriced relative to the value received.

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📊 Performance

‍The hotel didn't provide the performance data (ADR, Occupancy Rate, etc.)

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✍️ Description from the real estate agent‍

This building was entirely reconstructed in 1910, years after the death of the sailor José María Cancio and his wife Asunción Martínez Marzo. It is believed that the costs were covered by their son-in-law Vicente Loriente (Castropol 1859 – 1939), as he is listed as the requester in the construction budget submitted to the architect Juan Miguel de la Guardia. Family oral history suggests that Loriente, who lived part of the year in Cuba, built this house for his wife to spend winters with her sisters and their families.

A brief mention should be made of the prominent architect of the house. Juan Miguel de la Guardia was born in Ontaneda (near the Pas River, Cantabria) in 1859. He studied architecture in Madrid, graduating in 1881. From 1882, he served as the municipal architect of Oviedo. He is known for designing many residential houses for the bourgeoisie in Oviedo (on Uría, Fruela, Toreno, and Milicias Nacionales streets) and numerous houses for returnees in Asturias. Notable works in Oviedo include the Casa de Conde (Escandalera) and the Casa del Deán Payarinos (the Conservatorio Superior in La Gorrada del Obispo). He also designed the Palacio de Concha Heres on Calle Toreno, which is now demolished.

In western Asturias, he designed Villa Tarsila (Casa de Guatemala) in Luarca, and in Castropol, he designed the 1906 extension of the Casino and the Vicente Loriente Park Kiosk (1911). He died in Oviedo in 1910.

The construction used the finest materials: northern red pine, pinotea, chestnut, and oak woods; granite masonry, likely from around Burela, instead of the more common ribadense marble limestone from Vilavedelle; French hardware and locks; castings from Gijón; an electric motor for the well's water service; mahogany toilet seats; electric bells; etc. All these materials had to be shipped by sea. The contractor for the project was Ramos from Ribadeo (father of Pepe Ramos). Without considering the land, which already belonged to the family, the architect budgeted the construction at 20,822 pesetas. At the same time, the Casino of Castropol had a budget of approximately 24,000 pesetas.

In the rear courtyard, two camellias were planted, one red and one white, as symbols of the returnee house.

Currently, the hotel has 9 double rooms, several with balconies, a room for breakfasts, lunches, dinners, and meetings, a kitchen connected by a freight lift to the restaurant on the ground floor, a charming interior courtyard for use as a terrace/dining area, and a basement area currently used for storage, with an elevator. The complete renovation was carried out in 2018 with top-quality materials and exquisite design, blending modernist elements with a contemporary touch. Every detail has been carefully polished to offer a high-level image. Despite being in the historic center of Ribadeo, the hotel provides a relaxing and peaceful environment, ideal for perfect vacations in the Mariña Lucense or for remote work in an unbeatable setting.

According to the National Institute of Statistics, both the REVPAR (revenue per available room) and ADR (average daily rate) are above the average for 4-star gold hotels in the area. Regarding the profitability of purchasing the hotel today, it would be above 7%, not including the benefits from the restaurant, which is currently outsourced. If operated personally by the buyer, profitability could exceed 9%.

Considering that northern Spain is experiencing a boom due to higher temperatures in the rest of Spain and the relentless increase in tourism in the area, these figures are likely to improve. This is an excellent opportunity to acquire a unique property in one of the most promising regions in the country.

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