Geothermal Lake Kverkfjoll Subglacial Ice Cave Thermal Chalet STR 2026

Underwrite luxury engineered subglacial ice cave chalets positioned at the steaming geothermal boundary of Kverkfjoll volcanic caldera beneath Vatnajokull, $1,690/night ADR, and annual net cash flows.

Underwriting Assumptions

Average Daily Rate (ADR $)

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Turnkey Subglacial Ice Cave Chalet Capex ($)

Geothermal Subglacial Heating & Structural Rig ($/yr)

Projected Economics

Gross Annual STR Revenue

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Unlevered Cash-on-Cost Cap Rate