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Portobay Hotels & Resorts Invests €20 Million in a New Hotel in Funchal and Another €20 Million in the Algarve.
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The PortoBay Group has announced the PortoBay Old Town, whose construction begins at the end of the year, and the complete renovation of the PortoBay Falésia. The PortoBay Hotels & Resorts Group is preparing an intensive investment cycle for 2026, focusing on new hotels and extensive renovations of its properties in Portugal and Brazil. Despite a cautious outlook for the year, due to geopolitical instability and price sensitivity in key markets,…
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