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Football Icon Ronaldo Invests $40 Million in Boutique Hotel Company

Jason Clampet photo
Henrique Almeida

Skift Take

More footballers should invest in the travel industry. Maybe even band together and buy an airline (or two).

Soccer star Cristiano Ronaldo and Portuguese hotel operator Grupo Pestana SGPS SA plan to invest 75 million euros ($81 million) in four boutique hotels with a total of 400 rooms in Portugal, Spain and the U.S., the biggest investment ever for the footballer. The first two hotels will open next year on the Port

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