Soccer superstar Cristiano Ronaldo and Portugal’s leading hotel chain Pestana are set to open a new hotel in Marrakech in 2019.
CR7 – a trademark of the Real Madrid and Portugal star’s initials and shirt number – and Pestana Hotel Group will invest €40 million in the four-star, 168-room hotel in Morocco. They will rent and manage the hotel for 20 years, according Pestana Hotel Group’s chief development officer Jose Roquette.
The project will be financed and owned by Moroccan investor M Avenue.
The hotel in Marrakech will be the fifth under the Pestana CR7 Lifestyle hotels brand, which already operates properties in Lisbon and in Ronaldo’s homeland of Madeira.
The other two hotels, still under construction, are due to open in Madrid and New York later this year.
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Pestana and Ronaldo to open hotel in Marrakech