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 Líbere opens 21-unit Porto accommodation asset 08 September 2026 Residential Funchal plans €40M investment in around 300 homes by 2029 22 September 2026