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Everything is combined so that the Madeira Palace Hotel is acquired from the bank by the businessman Estêvão Neves.

The FN has learned that for weeks the deed of acquisition of the old hotel and the luxury apartments, just next door, on the Monumental Road, which have been abandoned for years and make that area of the city look ugly.

To accomplish this business, Estêvão Neves will put an end to a long cycle of abandonment of the remodeling work of the Hotel Madeira Palácio that stains the tourist landscape of the city.

The entrepreneur Estêvão Neves, through the Enotel group, intends to energize this whole hotel complex, in a noble area of ​​the city.