Cushman & Wakefield announced today the conclusion of the Choupana Hills hotel transaction.
This hotel is located in Funchal, Madeira and is one of the most iconic units in the island, having been distinguished by World Travel Awards more than once. The 5-star hotel with 62 rooms was destroyed in 2016 by the wild fires that devastated Madeira.
Cushman & Wakefield, together with Amazing Evolution, acted on behalf of the vendors. The buyer was Lux Hotels group that will rebuild the hotel and restart the operation.