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Portugal’s Largest Hotel Group Opens its First Establishment in Madrid

10 October 2018 – Inmodiario

Pestana Hotel Group, Portugal’s largest multinational hotel group, has today unveiled Hotel Pestana Plaza Mayor – one of two projects that the company is developing in Madrid – which will be inaugurated at the beginning of next year as part of its Collection group, the most exclusive brand comprising luxurious and monumental buildings in premium locations.

This opening is the result of a strategic commitment by the group to various European capitals. According to José Roquette, Chief Development Officer at the Pestana Group, “Over the next five years, we are going to be strengthening the position of the Pestana brand as an international chain in the major global markets, always on a par with our leadership in Portugal. The opening of Pestana Plaza Mayor, the group’s first hotel in Madrid, represents a very important step in the realisation of our strategy. We are convinced that, even though it is a very competitive market, we will be able to establish ourselves thanks to our firm commitment to quality”.

The Pestana Group, founded in 1972, operates in 15 countries with almost 100 hotels, which receive more than 3 million tourists. It has extensive experience in hotel management in historical buildings, including through the network of Pousadas de Portugal (the equivalent of the network of Paradores in Spain).

Located in Plaza Mayor, in the heart of the Madrilenian capital, Pestana Plaza Mayor will comprise two historical buildings – the Casa de la Carnicería (subsequently the Third Town Hall and then the Municipal Newspaper Library) and the former Fire Station. The Pestana Hotel Group’s new hotel will involve an investment of €11 million and will contain 87 rooms, decorated in a contemporary style that respects its urban and historical location (…).

In addition to a cafeteria and bar, Pestana Plaza Mayor will have a restaurant in the hotel’s cloisters and an indoor spa with a swimming pool, all in the historical heart of Madrid.

Pestana Plaza Mayor expects to open to the public during the first quarter of 2019 (…).

Original story: Inmodiario

Translation: Carmel Drake