Getting a tourist licence in Madrid is now almost impossible. Except through one route.
The Plan Reside closed the door to tourist-use dwelling licences in residential buildings. But one legal, profitable route remains: converting a commercial premises into licensed tourist accommodation. We deliver it turnkey — and we manage it.
The Plan Reside closed one door. And opened a very profitable gap.
In Madrid, following the Plan Reside, tourist-use dwellings are heavily restricted in residential buildings: in practice they are only allowed in exclusively commercial (tertiary-use) buildings, with independent access and meeting very demanding conditions. That is why obtaining a new licence the traditional way —buying a flat and registering it— is now almost impossible.
The route that does work runs through ground-floor commercial premises. A premises can be converted, via a change of use, into a tourist-use dwelling (VUT) or a guest house, and thereby obtain its licence. It is not a loophole: it is the legal path the regulation leaves open.
The result is a scarce asset. Every licence granted through this route is hard to replicate, and that makes it highly valuable: there is strong demand from investors looking for exactly this —a properly licensed tourist accommodation in Madrid— and very little supply.
The traditional route is closed
Registering a residential flat as a tourist dwelling is now unviable in most Madrid buildings after the Plan Reside.
The premises route is open
A ground-floor commercial premises can change its use and obtain a tourist-accommodation licence.
A scarce, sought-after asset
A licence granted this way is hard to replicate: little supply, strong investor demand.
The licence we obtain, in plain terms
Tourist-Use Dwelling (VUT)
The classic tourist-accommodation figure. After the Plan Reside it is only viable in certain cases, and the realistic way to obtain a new one is the change of use of a premises.
Guest house
A form of lodging that remains viable in more locations across Madrid. In many cases it is the formula that best fits when launching a licensed operation.
Operating licence
The one that lets you start running the accommodation once the works are finished. It is the final stamp before you welcome your first guest.
The turnkey product, step by step
From the idea to the income, without you having to coordinate architects, the town hall or trades. We handle the entire process.
Sourcing the asset and viability analysis
We find the right premises and study its viability: planning, technical and horizontal-division. We only proceed with assets that fit.
Technical project and obtaining the licences
We draft the change-of-use project and process the required licences: planning and operating. This is where the deal is won or lost, and it is our home ground.
Fit-out works
We carry out the renovation to turn the premises into tourist accommodation that measures up, meeting what the licence requires.
Furnishing and equipment
We furnish and equip the accommodation with profitability in mind: ready to generate bookings from day one.
Launch and full management
MyRentalHost puts the accommodation on the market and manages it end to end: revenue, guests, cleaning and compliance. You simply collect.
Indicative timeline: around 12 months
From project to income in roughly a year. These are indicative timeframes: they depend on the licences, the works and the asset itself.
Project and tourist-use licence
Technical project, sign-off and the granting of the tourist-use licence on the asset.
Acquiring the premises
With technical sign-off and the licence under way, the purchase of the asset is formalised.
Fit-out works
Full renovation of the premises to turn it into tourist accommodation.
Operating licence
The final stamp is obtained, allowing the accommodation to start operating.
Operation and management
The accommodation enters the market and starts generating income under our management.
Indicative timeframes. The real schedule depends on licence processing, the works and the asset's characteristics.
The difference is in the yield
The same asset performs very differently depending on its use. These are indicative estimates based on market data; the real yield depends on the asset and the area.
Indicative estimates based on market data. The real yield depends on the asset, the location and the season.
Why MyRentalHost
We are not just the ones who secure the licensed asset. We are also the ones who manage it afterwards. A single point of contact from start to finish.
16 years managing
More than a decade and a half managing tourist accommodation in Madrid and Barcelona.
Superhost ×6
Six consecutive years as Superhost. Quality is not a promise here: it is a track record.
In-house team
Architecture, licences, works, interior design and management: our own capabilities, not a chain of loose suppliers.
We secure and we manage
We hand you the licensed asset and we run it: revenue management, guests, cleaning and compliance. You simply collect.
FAQ
Can new tourist licences still be obtained in Madrid?
Through the residential-dwelling route, after the Plan Reside, it is practically unviable. The real route is the change of use of commercial premises into tourist accommodation (VUT or guest house), which does allow a licence to be obtained.
What is the difference between a VUT and a guest house?
Both are legal tourist accommodation. The guest house is a form of lodging viable in more locations across Madrid; we advise you which one fits your investment.
How long does the whole process take?
Indicatively around 12 months from project to operation, depending on licences and works.
What yield can I expect?
In these operations the gross yield as tourist accommodation usually exceeds 12%, versus ~4% for traditional rental. It is an estimate; the real figure depends on the asset and the area.
What do I have to do as an investor?
Put up the capital and decide. Everything else —sourcing, licences, works, furnishing and management— is on us.
Do you also manage the property afterwards?
Yes. That is the whole point: to hand you the asset up and running and manage it end to end so all you do is collect.
Want to invest in tourist accommodation in Madrid?
We analyse your investment with no obligation: which asset to look for, which licence fits and what yield to expect. From start to finish, we handle it.
Let's talk →