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Pestana Group Bets on Expansion |
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Monday, October 8, 2018
Lisbon.- The expansion strategy of the Pestana Hotels group includes the opening of two dozen installations until 2022, with an investment close to 200 million euros.
According to the forecasts, 11 of the establishments will be located in Portugal (Lisbon, Oporto, Algarve and Madeira), as well as three in the United States, one in France, Madrid and Montevideo.
In addition, the Plaza Mayor Hotel in Madrid will be inaugurated by the Pestana Group at the end of this year, although there is still no exact date for its inauguration, together with another Hotel Pestana-CR7 on the Gran Vía in Madrid.
With these operations, the company expects to increase the supply of accommodation by 3,500 new rooms, in order to exceed 15,000 capacities.
The Pestana Hotels group has a workforce of 7,000 people and it´s present in 15 countries, including the markets of Cuba, Brazil, Argentina and Venezuela.
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