Industry Insights

Timeshare Industry News
Pestana to invest €200m to add 20 hotels by 2020
Pestana to invest €200m to add 20 hotels by 2020
March 6, 2018

Pestana Hotel Group is set to invest €200 million over the next three years as it aims to open 20 new hotels, half of which will be in Portugal.

The Portuguese hotel group is parent of the RCI-affiliated timeshare arm Pestana Vacation Club, and its current expansion strategy is in line with its stated target of managing 100 hotels by 2020.

The group’s latest plans were unveiled at a press conference in Lisbon earlier this year, during which CEO José Roquette highlighted the importance of expanding two of its key brands, Pestana Collection Hotels and Pestana CR7 Lifestyle Hotels, its joint-venture with football superstar Cristiano Ronaldo.

Read full article here: Pestana to invest €200m to add 20 hotels by 2020