Hotel Lusco — Naseiro Valley, Viveiro, Galicia
Hotel Lusco is a 41-room, 4-star country hotel with a 500 capacity events venue, outdoor covered pool, restored watermill, stream and gardens across 4,000 m², three and a half kilometres from Viveiro. It opened in 1992 and traded for over thirty years. Its founder is now in his nineties and retiring, and the hotel is currently closed.
ABIS is raising €3,200,000 through a private placement of 32 ordinary shares at €100,000 each to complete the acquisition, refurbish the building and its events space, and reopen the hotel under professional management.
2027 is a Holy Year. Santiago received 530,919 pilgrims in 2025 across all routes, and Holy Years draw substantially more. The Camiño do Mar passes through the parish of San Pedro and is served by a single albergue along its entire 275 km. Opposite the estate stands the Romanesque church of San Pedro, the oldest in Viveiro, in a valley that has drawn summer visitors for more than a century.
Investment highlights
- 41 rooms and suites, events hall for 500 guests, restaurant, tavern and covered pool
- Mariña Lucense coast, minutes from Viveiro and Covas Beach
- Purchase price: POA
- Target return paid quarterly, in full, before ABIS receives any share of trading profit
- Profit above the target is shared equally between investors and ABIS
- 75% of any gain on sale to investors, after capital is returned in full
- Early investors receive additional shares for the same €100,000
The minimum to proceed
The offer proceeds at 26 shares — €2,600,000. That is the point at which Hotel Lusco can be bought, refurbished, staffed and opened to guests. It funds the purchase price, the acquisition taxes, the full refurbishment including the events space, the contingency, and the pre-opening costs of recruiting and training the team, fitting out the rooms and taking the first bookings.
The shares above 26 are not needed to open the hotel. They fund the working capital reserve and strengthen the cash position through the first years of trading, when a newly reopened hotel is building its occupancy and its reputation. A fully subscribed raise means a better-capitalised hotel, not a bigger one.
If 26 shares are not subscribed by the closing date, the offer is withdrawn and all subscriptions are returned in full. Investors bear no cost.
Investment figures available on request
Full financial detail, including projected returns, the sources and uses of funds and our five-year model, is available to qualifying investors on request.
Your shares and how you can sell them
- Ordinary shares in the Spanish company that owns the hotel
- Your holding is recorded in the company's share register and confirmed by a share certificate
- Transferable with the company's consent, which will not be unreasonably withheld
- There is no public market for these shares. A sale depends on finding a willing buyer
- You should invest on the basis of holding until the 2031 exit
What to know before investing
- 2027 is a Holy Year and trades on inflated demand and inflated room rates. Our model deliberately shows the room rate falling from €110 in 2027 to €102 in 2028. The second year of trading is expected to look like a decline. This is normal after a Holy Year and is built into our projections.
- The hotel is not currently trading. Returns depend on completing the purchase, refurbishing the building and reopening successfully.
- Room rates and occupancy are estimates. Local comparables sit between €80 and €113 a night, and a Viveiro rate study is in progress.
- A newly reopened hotel has no reviews and no booking ranking. Building occupancy takes time.
Location
Set 3.5 km from Viveiro's historic centre on Galicia's northern Mariña Lucense coast, the estate combines green inland valleys, Atlantic beaches and centuries-old towns. Viveiro itself is a medieval city with excellent beaches and a mild climate, set within unspoiled, rustic mountains and valleys — a genuinely privileged location with a thriving year-round community and a growing international visitor base.
Investing in this project carries risk, including partial or total loss of the money invested. Your investment is not covered by any deposit guarantee or investor compensation scheme. It is possible that you receive no return at all. This is not a savings product. Shares are not readily saleable and you may not be able to sell when you wish.
This page is for information only. It is not an offer of securities or financial advice. It is directed at investors who qualify to receive it, and any offer will be made solely through a subscription agreement and shareholders' agreement containing the full terms and risk disclosures. Take independent legal and financial advice before committing capital.