Cristiano Ronaldo ventures into hotels with Pestana Group
Super-star football player Cristiano Ronaldo and the largest International Portuguese hotel group Pestana, have announced a joint partnership to launch four new boutique hotels. Dionísio Pestana, Owner and Chairman of Pestana Hotel Group, and Cristiano Ronaldo – who both hail from Madeira, acknowledge that this collaboration emerges from a great mutual empathy and trust. The joint venture, which is co-owned, by both Ronaldo and Pestana will be managed by The Pestana Hotel Group. The total investment in these four new hotels will be 75 million Euros.
The hotels will be located in four iconic destinations: Lisbon (Historic Downton), Madrid (Gran Vía) Funchal (Cruise Harbour) and New York (near Times Square). Each hotel will have 100 keys and will open within the next two years.
Cristiano Ronaldo’s CR7 brand is the main inspiration behind the four hotels, which will be boutique in style and will appeal to the modern day millennial traveller.
The first hotel is scheduled to open in summer 2016, in Funchal’s harbour, on the island of Madeira. It will be followed by Lisbon, in late 2016. Madrid and New York are due to open in 2017. With these new openings The Pestana Hotel Group will grow to over 90 hotels in 16 countries.