The four star Canarife Palace Hotel is situated in La Paz, a residential area of Puerto de La Cruz, some 1,500 metres from the beach and city centre, on the northern coast of Tenerife, about 25 kilometres from the Los Rodeos Airport.

The accommodation at the two to seven storey Canarife Palace comprises 210 rooms, each having a private bathroom and shower, and a balcony or terrace. The rooms are equipped with air conditioning, satellite television, a telephone, a mini bar and a hair dryer. A safety deposit box and music channel can be rented on arrival.

The facilities at the hotel include a non smoking buffet restaurant, a piano bar with disco, a pool bar/snack bar, an outdoor swimming pool, an indoor heated pool with sauna. Guests can play tennis, or visit the Bonanza Palace Hotel to play table tennis or to use the health and beauty centre. Mini golf is available at the Interpalace Hotel. Live music and weekly shows are provided, as is a free shuttle bus to the city centre (except at weekends and on festival days). The hotel makes up a larger complex with its neighbouring sister hotels Bonanza Palace and Interpalace.

Board basis available at this hotel is bed and breakfast, half board or all inclusive.