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Pestana CR7 Hotel Madrid sees turnaround with first green numbers and changes in board of directors

Cristiano Ronaldo’s hotel on the central Gran Vía street in Madrid is starting to get going after emerging in one of the worst possible moments, such as the health pandemic caused by the coronavirus. He does it with Pestana CR7, the hotel brand created for the joint venture between the businessman Dionisio Pestana and the Portuguese footballer, who obtained its first green numbers since its constitution and that it has now made changes to its board of directors.

The change has been significant, since Cristiano Ronaldo has decided to change his strong man on the board of directors of Pestana CR7 Madrid: Miguel José Paixao Dos Santos, as notified to the Commercial Registry. This is Cristiano Ronaldo’s representative in the joint venture and one of his trusted men as he was one of his best friends, which gave him a say in decision-making. His replacement will be the also Portuguese Frederico De Freitas Costa, who is practically unknown to the media, although at the time of writing this article the company did not respond to El Confidencial after several queries about the motivation for these changes.

Miguel José Paixao is a 39-year-old Portuguese player who hung up his boots at the end of the 2014/2015 season after developing his entire sporting career in Portugal, wearing the shirts of Sporting, Farense, Torrreense or Oriental, among others. They met while sharing a room during their time as youth players of Sporting de Portugal. and subsequently, They continued to maintain the relationship and even their friend has recognized awards from the Portuguese star in his name. In fact, it is common to see both in photographs on different social networks.

This change in the board of directors of the Gran Vía hotel occurs after the company managed to leave the red numbers behind. Pestana CR7 Madrid obtained a net profit of almost 195,000 euros in 2022 after losing almost a million euros a year before. The reason? He managed to skyrocket his turnover from 3.12 million to 9.62 million euros.

Views from the pool of the Pestana CR7 Gran Vía. (Pestana)

The departure of Miguel José Paixao from the council by Pestana CR7 Madrid It joins other processes that the group has carried out after carbureting at full capacity. For example, at the end of 2022 Pestana CR7 Holding acquired the shareholdings, equivalent to 100% of the capital of Pestana CR7 Madrid, with the aim of The corporate reorganization allows the use of synergies and centrally monitors the companies.s in Madeira, Lisbon, Madrid, Marrakech, Manchester and more recently in Paris.

The green numbers occur despite the fact that, as the hotel chain points out, “the first quarter of 2022 was impacted by the pandemic, but starting in April it registered a positive evolution, with the majority of operators in the sector remaining very close to the income obtained in 2019. “Year considered the best ever in the hospitality sector in Spain.”

The Pestana CR7 Gran Vía. (Pestana)

The income of the Pescana CR7 Gran Vía hotel skyrocketed as a result of a significant increase in the average price due to increased demand and due to the alteration of the mix of distribution channels, as well as the increase in the occupancy rate, being the hotel’s first full year of activity, “recording excellent operational performance and allowing for very favorable operational results.”

The Pestana CR7 Gran Vía is a lifestyle in the heart of Madrid, which has four stars and 168 rooms spread over ten floors (one is for a bar-terrace and another for a solarium with a pool). Your future guests, who must pay a minimum of 157 euros per night“they can live a different experience with sport. A lifestyle space where things happen, where they can live great moments to share and that has the only rooftop of various heights and with 360 views of the capital”, as the hotel company points out on its website.

Cristiano Ronaldo’s hotel on the central Gran Vía street in Madrid is starting to get going after emerging in one of the worst possible moments, such as the health pandemic caused by the coronavirus. He does it with Pestana CR7, the hotel brand created for the joint venture between the businessman Dionisio Pestana and the Portuguese footballer, who obtained its first green numbers since its constitution and that it has now made changes to its board of directors.

2024-02-11 04:03:21
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