The works at Madeira Palácio have already begun and will take place over 16 months. The building will be ready in August 2020.
The Enotel group acquired the hotel unit for 40 million euros. The hotel has been closed for 10 years. The permit for the start up of the works and the marketing of the new owner have already begun to be installed. After renovation the hotel will now be called “Enotel Madeira Palace”. But in the court are still two actions related to the insolvency of the hotel. Close to 25 workers are still tied to the old hotel unit and claim credits. According to the Trade Union of Hotel Workers, the Enotel company does not recognize any duty on the workers nor does it admit that they can be transferred to the responsibility of the hotel group.
Taken from RTP Madeira.