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: Residential Antrix and Carvoeiro Branco acquire former cork factory in Silves 03 December 2025 Market Updates Ibervalles Hoteles Socimi debuts on BME Scaleup with a valuation of €93M 18 December 2025