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This three-storey house of traditional style, was erected in 1736. Its facade is typical of the 18th century, but its interior has undergone important alterations. In the 19th century it was the residence of the first bishop of the Diocese Nivariense, Luis Folgueras Sion, and just after that the Residential College of the Secondary School of the Canary Islands.

Shortly after, in 1885, the British Benjamin Renshaw decided to open here one of the first hotel establishments on the island, the Gran Hotel Aguere Continental, originally specialized in health tourism.