Madeira News: CR7 Hotels will open in 2016 & 2017

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 both hail from Madeira

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)

All hotels will open within the next two years.

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