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  • Transaction / Assets
    Galo Resort, Caniço, Madeira
  • Seller
    Roland Bachmeier
  • Buyer
    DER Touristik Hotels & Resorts
  • € MM

DER Touristik Acquires Galo Resort on Madeira

6 May 2020 – In a significant transaction, DER Touristik Hotels & Resorts finalised its acquisition of the Galo Resort, in Caniço, on the southeast corner of Madeira. The resort complex, which consists of three hotels, will operate under the name Sentido Galo Resort. DER Touristik owns roughly 80 other hotels all over the world, through leasing agreements or franchising.

Galo Resort includes the Galomar, Galosol and Alpino Atlântico hotels, with a total of 231 rooms, in a total area of 13,596 square meters.

Original Story: dnoticias.pt

Translation/Summary: Richard D. Turner