Iberian Property > News > Hotels Barceló invests €50M in 2 hotels located in the Portuguese islands The Spanish company Barceló is investing more than 50 million euros in the purchase and refurbishment of two hotels in Funchal. It will now have four hotels in Madeira. Alexandre Lima | 19/04/2024 Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Hotels ADNH negotiates the acquisition of Millenium Hospitality 23 December 2025 Offices Argis acquires Torre Sevilla from CaixaBank for over €130M 02 January 2026