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 The Hotel Group prepares for the opening of two new hotels in the Spanish capital



The Pestana Hotel Group Chairman, Dionísio Pestana, has just been honoured in this year’s Vasco da Gama Excellence Awards. The awards presented by the Hispano-Portuguese Chamber of Commerce recognise the excellence achieved by companies and individuals that have made a major strategic and economic contribution to the Iberian market and to developing relations between Portugal and Spain.

Dionísio Pestana commented: “We are very proud of this award, which is a result of the Group’s continued commitment to growth in the Iberian peninsula, particularly as we prepare to open the first two hotels in Madrid, with strong brands in terms of both quality and notoriety: Pestana Collection Hotels and Pestana CR7 Lifestyle Hotels, which we are confident will add value to the city’s hotel industry.”

The Pestana Hotel Group is expected to open two new hotels in Madrid. At Plaza Mayor, the new Pestana hotel has resulted from a renovation of the historic Casa de la Carnicería building, which is over 400 years old and has had Cultural Interest status since 1985. The property’s restoration and renovation project respects the architectural values of the space and pays homage to one of the ex-libris of Madrid’s historical centre. The hotel, consisting of 87 rooms, is the result of a €11 million investment. The second hotel to open its doors in the Spanish capital will be the third Pestana CR7 Lifestyle Hotel – the Pestana CR7 Madrid – which will receive a €14 million investment. The forthcoming 168-room hotel is located on the Gran Vía, in the same building as the famous Spanish Casa del Libro bookshop.

It is worth noting that the Hotel Group has been present in Spain since 2013, the year it opened the Pestana Arena Barcelona. Recently, the Hotel Group announced a global investment of €200 million in the most ambitious expansion plan ever, involving 20 new hotel openings over the next 3 years, exceeding the symbolic figure of 15,000 rooms by the year 2020.

About the Pestana Hotel Group:

With over four decades of success, the Group owns and manages around 90 properties in Portugal and abroad, as well as six golf courses, two casinos, three tourism property complexes and 13 Vacation Club projects, with the objective of offering complete and attractive products. In industry and services, Dionísio Pestana’s group participates in the Madeira Development Society, management of the Madeira International Business Centre and in the Madeira Beer Company. Overall, there are eight business areas it operates in: hotels, golf, casinos, tourism real estate, tourist distribution, Vacation Club, industry and services.

In the hotel business, which is its main business, the Group operates with four brands: Pestana Hotels & Resorts, Pestana Collection Hotels, Pestana Pousadas de Portugal and Pestana CR7 Lifestyle Hotels. With a presence in 15 countries, it has around 11,000 rooms available in Europe, Africa and America and around 7,000 employees.

As a socially responsible company, it launched the Pestana Sustainability Program: Planet Guest – “We are merely guests of the Planet” – which incorporates all the initiatives that promote PHG’s sustainability. Planet Guest conveys the position of the Group and its employees with regard to the sustainability of the Planet we live in and the focus of PHG on the paramount concern for future generations. Its objective is to create value for the company in the long term, developing its activity with respect for the environment, local communities, employees, customers and all relevant stakeholders in the implementation of its activity.

Enter Pestana’s universe and learn more at www.pestana.com