Portuguese hotel group plans to enter Macau and Timor-Leste markets

24 March 2014

Portuguese hotel group Pestana plans to have a presence in Macau and Timor-Leste (East Timor), said chief executive Florentino Rodrigues at the 1st tourism form of the Community of Portuguese-Speaking Countries (CPLP).

On the sidelines of the forum, which was held during the Lisbon Tourism Bourse (BTL), which ended Sunday Rodrigues told Portuguese weekly newspaper Sol that there “are negotiations,” but declined to say if entering the two markets would involved buying or taking on the management of existing units.

Portugal’s largest hotel group, which has hotels in five of the eight CPLP member areas, is die to start building a complex in Luanda, Angola before the end of June this year.

The Pestana Luanda Bay – which includes apartment blocks, a 255-room hotel, offices and stores – involves investment of US$280 million shared with its other partners, and construction is due to be finished in 2017.

In the last few months, the group, which has 51 hotels in 15 countries, has announced several projects. In 2016 it plans to open Pestana Amsterdam, a five-star hotel with 157 rooms costing 35 million euros, and Pestana Rio Barra, its second unit in Rio de Janeiro, Brazil. (macauhub)