Cristiano Ronaldo has increased his investment portfolio with a new
business chain of hotels that will span across three cities namely
Madeira, Lisbon and Madrid and will bear his trademark logo, CR7.
He announced on Tuesday he will invest over $40 million in hotels in
partnership with Pestana Hotel Group, the biggest Hotel chain in
Portugal.
Ronaldo and the Pestana Hotel Group will share their investment earnings
50-50 with another in the pipeline for New York.
The first hotel will open in summer 2016 in Madeira. It will be followed
by Lisbon where Ronaldo moved as a youngster and played for Sporting
Lisbon with a Madrid site planned for 2017.
Ronaldo is the best paid footballer in the world with $76.6 million in
earnings last year, he already has a 'CR7' fashion line,CR7 underwear
line,CR7game,CR7 keyboard app,fragrance and a host of other investments.
"My world is that of football but life changes and I always wanted to
own a hotel," the 30-year-old former Manchester United player told a
press conference in Lisbon.
"It was impossible to throw myself alone into a project of this scale,
to each his own area of competence. Pestana is the best Portuguese group
in this business," he said.
He posted on Instagram
''Hi guys! Today i partner with #PestanaHotels for the construction of
four new hotels. It's a dream come true! #TimeOfYourLife
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