New CR7 Hotels- Cristiano Ronaldo & Pestana Hotel Group announce partnership

Real Madrid star Cristiano Ronaldo has decided to invest a little over $40 million (USD) into a partnership with the Pestana Hotel Group that will see four “CR7” branded hotels come up in different parts of the world. The total investment into the hotels is $81 million, with both parties splitting investments on a 50-50 basis, as announced by Dionisio Pestana.

The four new CR7 hotels will come up in Madeira (where Ronaldo was born), the Portuguese capital city of Lisbon (where he played for Sporting), Madrid (current club-Real Madrid) and New York, which has been touted as a potential destination for the forward if he decides to end his active playing career in Europe.

The Madeira CR7 hotel is expected to come up in the summer of 2016, followed by the Lisbon one and then the Madrid one, which has been given a 2017 date.

The Pestana group, like Ronaldo, are from Madeira, and have an annual turnover of $240 million, and have 87 hotels across Europe, Africa and America.

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Mourinho shown the door, Alexis & Sergio likely to return for crunch clash

The big news coming in from the Premiership is that Jose Mourinho has been sacked. Given the Blues’ terrible run of form, it was coming, one felt, and if the rumours of major player unrest were true, then the Board’s hands were pretty much tied. They had to either let go of the players or Mourinho, and chose the latter. And so, six months after he won the league, the Special One has exited Stamford Bridge, for the second time. Still, if you had to give one manager a full season to get things back on track, Jose would certainly be one of the top names mentioned- his track record speaks for itself.

Mourinho Cobham
Jose Mourinho leaves Chelsea’s Cobham ground after being sacked

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