The turmoil in the personal as well as professional life of Cristiano Ronaldo doesn’t seem to stop currently. The Portuguese soccer star is currently in the news because of reports about a feud with Georgina Rodriguez. But now, the focus has shifted to his business which might be in for a huge loss.
Cristiano Ronaldo has started multiple businesses to grow as a brand and one of these is his hotel business. He runs his hospitality business together with the Pestana Group and owns multiple hotels across the world. One such hotel, which is under construction, might be in for a huge delay in its opening which was supposed to happen in 2021.
The hotel is under construction on the bank of the River Seine near the Austerlitz train station in Paris. The hotel is estimated to be worth around $65 million of which $33 million is owned by Ronaldo.
Cristiano Ronaldo’s £53m Paris hotel may not open for another FOUR YEARS following construction delays.
The footballer is likely to be retired by the time it hosts its first guests!#seanknows pic.twitter.com/LWStJzr1ZU
— Sean Cardovillis (@seancardo) April 24, 2023
It will be a four-star hotel with a rooftop bar and swimming pool overseeing the French capital. This would be Cristiano’s sixth hotel ever since he joined hands with the Pestana Group and is touted to be the largest of the lot.
According to Daily Mail, the reasons for the delay are multiple but the primary reason could be the Covid lockdown. While there have also been certain delays due to political inquiries into its plans, the hotel might open 6 years after it was originally supposed to be inaugurated.
Cristiano Ronaldo’s business ventures that are thriving
Ronaldo is one of the wealthiest sportspersons in the world. Much of this is due to his earnings from soccer but also because of his calculated business moves. Cristiano owns a number of businesses which have helped him increase his net worth over the years.
Having fun tonight at the global launch of my first casual fragrance, CR7! 👌🏻⚽ #cr7fragrance #myfragranceyourgame pic.twitter.com/QzCaUHlyOm
— Cristiano Ronaldo (@Cristiano) September 7, 2017
The 5-time Ballon d’Or winner already owns 5 hotels with Pestana and is planning to build a few more across the world. Ronaldo has had a knack for fashion ever since he arrived on the global scene. This has motivated him to open his own fashion and fragrance brand. He also owns an innerwear brand for adults and children.
Ronaldo has always been considered a fitness freak and the superstar owns a couple of fitness centers based in Madrid. The former Real Madrid man also has a private jet rental business and has earned huge amounts through this. He also owns a hair clinic and has kept his partner, Georgina Rodriguez, as the executor of this particular business.