Hotel Lusco
Naseiro Valley · Viveiro · Galicia
A 41-room country hotel on Galicia's north coast, reopening for the 2027 Holy Year.
At a glance
- Raise
- €3,200,000
- Price per share
- €100,000
- Minimum investment
- One share
- Shares available
- 32
- Proceeds at
- 26 shares
- Term
- 2027–2031
- Target return
- 8% a year, paid quarterly
- Exit
- Sale or refinance
- Projected income
- 8.8%–14.7% a year, averaging 11.5%
The hotel
Thirty years of welcome, ready for its next chapter
Hotel Lusco is a 4-star country hotel set in 4,000 m² of gardens in the Naseiro Valley, three and a half kilometres from Viveiro. It has 41 rooms and suites, a restaurant, a traditional tavern, a covered pool, a restored watermill, and an events hall for 500 guests.
Opened in 1992 and run by its founding family for more than thirty years, the hotel is changing hands for the first time as the family retires. ABIS is acquiring it, refurbishing it and reopening it under professional management in time for the 2027 Holy Year.
Across the lane stands the Romanesque church of San Pedro, the oldest in Viveiro, in a valley that has welcomed summer visitors for more than a century.
Why now
A route growing faster than its places to stay
2027
A Holy Year. Pilgrim numbers to Santiago rise sharply in Holy Years.
530,919
Pilgrims reached Santiago in 2025, across all routes.
1
The number of albergues along the entire 275 km of the Camiño do Mar, which passes through the hotel's parish.
The route is growing. The beds along it are not.
Gallery
The estate
The opportunity
Two businesses under one roof
Rooms
41 rooms and suites serving Camino pilgrims, coastal holidaymakers and visitors to Viveiro's beaches and old town.
Events
A 500-guest hall, ballroom, garden marquee space and ceremony lawn — built for weddings, celebrations and corporate events across the whole year.
How the investment works
How it works
- 01You buy ordinary shares at €100,000 each in the Spanish company that owns the hotel.
- 02Investors receive the first 8% each year, paid quarterly, in full, before ABIS takes any share of trading profit.
- 03Anything above 8% is split 80% to investors, 20% to ABIS.
- 04When the hotel is sold, investors receive their capital back in full first, then 75% of the gain.
The numbers
What one share is projected to earn
2027
10.1%
2028
8.8%
2029
10.9%
2030
13.0%
2031
14.7%
€218,738 projected back on every €100,000 over five years, including the sale.
Projections, not guarantees. Full figures are available to qualifying investors on request.
The raise
Where the money goes
The raise pays for far more than the building. It takes Hotel Lusco from closed doors to a fully staffed, trading hotel.
Buying the hotel
Acquisition taxes and legal costs
Full refurbishment, including the events hall
Contingency
Pre-opening: recruiting and training the team, fitting out rooms, first bookings
Working capital to support the first years of trading
The full breakdown is included in the investor figures pack.
Your protection
Your money is protected until we can open
If 26 shares are not subscribed by the closing date, every subscription is returned in full, at no cost to you.
Twenty-six shares (€2,600,000) is what it takes to buy, refurbish, staff and open the hotel. Every share above that strengthens the hotel's cash position through its first years. A fully subscribed raise means a better-funded hotel, not a bigger one.
How we've built the numbers
Built on prudent numbers
Holy Years bring higher room rates, so we haven't assumed 2027 repeats. Our forecast steps the average room rate down from €110 in 2027 to €102 in 2028. Local hotels charge between €80 and €113 a night, and an independent Viveiro rate study is under way.
Ownership
Your shares
Your holding is recorded in the company's share register and confirmed by a share certificate. Shares can be transferred with the company's consent, which will not be unreasonably withheld. This is a hold-to-exit investment, planned to 2031.
Location
Viveiro and the Mariña Lucense
Viveiro is a walled medieval town on its own ría on Galicia's northern coast, known for its beaches, its mild summers and its Semana Santa, one of the most celebrated in Spain. The hotel sits in the green Naseiro Valley, five minutes from the town centre and ten minutes from Covas Beach.
- 5 min
- Viveiro centre
- 10 min
- Covas Beach
- ~2h 30m
- Santiago airport
See the full figures
See the year-by-year figures, where every euro of the raise goes, and how the sale is valued.
Important information
Investing carries risk, including the loss of some or all of your money, and you may receive no return. This investment is not covered by any deposit guarantee or investor compensation scheme. Shares are not readily saleable. This page is for information only and is not an offer of securities or financial advice. It is directed at investors who qualify to receive it. Any offer will be made only through a subscription agreement and shareholders' agreement containing the full terms and risk disclosures. Please take independent legal and financial advice before investing.