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 Calena Partners acquires THB Bamboo Alcudia hotel in Mallorca 05 November 2026 Hotels Renta 4, Grupo Lar and Westmont have purchased a building in Málaga to develop a hotel 28 October 2026