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 Travelodge to enter Seville with 120-room hotel 24 September 2026 Hotels The Lince Hotels acquires Villa Garden in Braga with plans for five-star upgrade 22 October 2026