CR7 Pestana, Times Square, NY

338 W39th Street, Times Square, NY

Located just west of the iconic Times Square “bowtie,” the CR7 by Pestana Hotel is being developed with Portuguese-based Pestana Group. This site will be the second of many hotels planned in the United States and will serve as the hotel group’s US flagship. The CR7 by Pestana lifestyle hotel brand is a partnership between Pestana Hotel Group and soccer icon Cristiano Ronaldo. The 78,069-square-foot Times Square West location will feature 177 exclusive guest rooms – six of which have a private terrace – a breakfast area, fitness center, multiple meeting rooms and a double height lobby.  Pestana Hotels and Resorts is a premier European brand that has expanded globally and currently owns and operates over 90 hotels throughout Europe and the Americas, with presences in major cities throughout the world, such as London, Barcelona, Berlin and Rio De Janiero.  As both the developer and the ground lessor of this property, Barone Management topped off the superstructure in June of 2018, and is projecting an opening in mid- to late 2019.