The Madeira Palácio Residences project, located in Funchal, “was sold for 40 million euros,” according to the Pestana Group's report. The transaction is part of the package for the former Madeira Palácio Hotel, acquired for a total value of 48.1 million euros.
Posts tagged as “hotel”
Gonçalo Henriques, the entrepreneur responsible for the Prima Caju hotel, announced that two new city hotel projects are underway in two of the capitals emblematic buildings.
A 40-year-old male tourist was found dead in their hotel room this morning.
The Mayor of Funchal, Miguel Silva Gouveia, was questioned about the CMF’s reluctance to move forward with International Chain, Axel Hotels proposal to open Portugal’s first LGBTI (Lesbians, Gays, Bisexuals, Transvestites, Transsexuals and Transgender) in Madeira.