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 “Pestana Hotel Group”
The President of the Government of Madeira, Miguel Albuquerque, said today that he will provide “every necessary assistance to ascertain the truth in relation to the award of the management concession of the International Business Centre,” which is currently under investigation. When questioned by journalists, he said: “First of all,…