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 Sixth Street sells Salou hotel to Tikehau Capital for €13M 27 February 2026 Hotels Matutes family acquires Azora’s 75% stake in three hotels for €300M 02 March 2026