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| Company type | Hotel Group |
|---|---|
| Industry | Hospitality |
| Founded | 1972 |
| Founders | Jose Pestana and Manuel Pestana |
| Headquarters | , Portugal |
| Products | Hotels |
| Revenue | $557 million |
| $169 million | |
Number of employees | 6,000 |
| Website | pestana.com |
Pestana Group is a Portuguese tourism and leisure group. Its hotel chain Pestana Hotels and Resorts has 100 hotels[citation needed] with over 12,000 rooms. The group managesPousadas de Portugal since 2003.[1][2][3][4]
The Pestana Group was founded by José Pestana and his brother Manuel Pestana, when they acquired the Atlântico Hotel in 1965. A new five-starhotel was built in its place, the work was completed in 1972. Later Jose Pestana sold his part of the business and when Manuel Pestana retired he left control of the company to his son, Dionísio Pestana.[5]
In 2003, the Pestana Group took over the management ofPousadas de Portugal.[6]
In 2015, Pestana Group partnered withCristiano Ronaldo to open a hotel chain under the CR7 brand. The first hotel was opened in 2016 inFunchal, aboveMuseu CR7, later that year another hotel was opened inLisbon.[7][8] In 2020, Pestana Group opened its second hotel in the United States inManhattan.[9]
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The firm's main activity is tourism, having also interests in industry and services.[10] It manages hotel units in three different continents: Europe, South America, and Africa. The countries it serves on those continents are [in alphabetical order]: Argentina, Brazil,Cape Verde,Mozambique, Portugal,São Tomé and Príncipe, and South Africa. Besides the 91hotels,[citation needed] the Pestana Group has six timesharing properties, threegolf courses, two real estate/touristic properties, a gambling concession for aCasino, a participation in acharter airline, a travel agency and three Tour Operators.
The Pestana Group ownsEmpresa de Cervejas da Madeira, a company in Madeira island that produces and distributesCoral,Brisa and Laranjada, some of the top-selling local alcoholic and non-alcoholic beverages. The Pestana Group also owns the Portuguese airlineeuroAtlantic Airways, and a stake inSTP Airways, which is the national airline ofSão Tomé and Príncipe.
