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The businessman Estêvão Neves invests 70 million euros for the construction of the Enotel Madeira Palácio. The recovery of a historic hotel unit is progressing within a year, after being stopped since 2008.

It will be great to finally see this place open and being used again, there are still a few other places nearby that build has stopped lets hope this encourages them to also be finished, or sold so another investor can finish.