The four star Bonanza 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 six storey Bonaza Palace comprises 180 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, a pool bar, a swimming pool with a separate children's section and a health and beauty salon. Guests can play tennis, table tennis, pool, volley ball and basket ball. 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 Canarife Palace and Interpalace.

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