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Lanzarote Hotel Guide

Resorts and guides

Hotel Palacio Ico

A nine-room gastronomic hotel in a 1690 palace in historic Teguise, with a Michelin-listed restaurant and a Balinese spa.

From £157 a night

Average per night for two over 7 nights from 11 May 2027, on Expedia.

Hotel Palacio Ico: Courtyard with wooden balconiesTeguise and Famara
Teguise and Famara · Emblematic hotel · 9 roomsPrices on Check availability on
Hotel Palacio Ico: Four-poster bed in wooden-beamed room
Hotel Palacio Ico: Courtyard with aloe and staircase
Hotel Palacio Ico: Courtyard seating under palm trees
Hotel Palacio Ico: Bedroom with dark wood floors
Hotel Palacio Ico: Guests dining in rustic restaurant
Hotel Palacio Ico: Suite with bed and sitting area
Hotel Palacio Ico: Sitting area with daybed
Hotel Palacio Ico: Bedroom with timber ceiling and desk

On our lists

Hotel Palacio Ico is a nine-room hotel in a palace dating from 1690 in the historic centre of Teguise, the island’s former capital. The building is a reference point for traditional Lanzarote architecture, and each of its rooms and suites has its own character.

Food is the reason to come. The restaurant has been listed in the Michelin Guide every year from 2023 to 2026 and holds a Repsol Sun, and the hotel’s breakfast has won a hotel breakfast award. There is a brunch menu too, and a Balinese spa adds a quiet corner after a day out. Teguise sits in the middle of the island, so it makes a handy base for exploring Famara and the north by car. It suits couples and food lovers who want a small, characterful base away from the resorts.

Why book Palacio Ico

  • Nine rooms and suites in a palace from 1690
  • Restaurant listed in the Michelin Guide from 2023 to 2026
  • Award-winning breakfast and a brunch menu
  • Balinese spa

Good for

  • couples
  • food lovers
  • travellers touring the island

Not for

  • families wanting a pool and kids' club
  • beach holidays

Palacio Ico: rooms and prices

What Expedia offered for two adults for 7 nights from 11 May 2027, cheapest first, as an average per night including taxes. Prices change with the date; check yours.

Palacio Ico: questions and answers

How far is Palacio Ico from Lanzarote airport?

About 18 km, around 23 minutes by car.

How much does Palacio Ico cost a night?

From £157 a night. Average per night for two over 7 nights from 11 May 2027, on Expedia. Prices change by date, so check yours before you book.

Things to do from Palacio Ico

All experiences

Tours and tickets that start in Teguise and Famara or collect from hotels there.

A wider look at Teguise and Famara

Our hotels are hand-picked. If your dates or budget call for something else, see every hotel and apartment on the big booking sites.

These links go through Stay22, which sends you to a booking site. If you book, we may earn a commission.

Sources: hotelpalacioico.com, datos.canarias.es. Last checked 15 November 2026.

Hotel Palacio Ico

From £157 a night

Prices on