Friday, December 18, 2015

Cristiano Ronaldo Invest $40 million Into Hotels

Footballer 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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