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 CaixaBank provides €2.5B in Spanish tourism financing in H1 2026 20 August 2026 Hotels Kaya buys the Me Meliá hotel in Barcelona for €100M 05 August 2026