Owners to receive no compensation for expropriated ‘Ghost Hotel’ in Tenerife
The Santa Cruz Council has confirmed that the owners of the long-abandoned hotel structure in Añaza, Tenerife, will not receive compensation for its expropriation.
According to the announcement published in the Provincial Boletín Oficial (BOP), the forced expropriation has been approved on the grounds of “failure to fulfil the social function of the property”, as the building remains unfinished and lacks the legal permits required.
None of the nearly 900 listed owners, most of whom are foreign nationals, will receive any money back on their investment, after an official valuation set the value of the property at just €48,000. This appraisal amount does not cover even a fraction of the demolition cost, which is estimated at €2.3 million, which will be paid for with public funds.
A one-month period has now been opened for the submission of any objections or appeals deemed appropriate.
Nearly 50 Years of Abandonment
The structure, recognisable by its Y-shaped design and 22 storeys, occupies a 2,350-square-metre plot with a built volume exceeding 40,000 square metres. Construction began in 1973 as an ambitious hotel project with 741 planned rooms, but the development was abandoned just two years later, in 1975.
Since then, the building has become a long-standing urban blight, linked to repeated safety issues, accidents, and persistent complaints over its negative visual impact on the surrounding landscape.
Five people have lost their lives after ignoring safety warnings and entering the building, including a 13-year-old girl in December.
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