Real Madrid star launches 'CR7' chains of hotels

Cristiano Ronaldo has added real estate investment to his impressive resume.

Ronaldo and his business partner

Cristiano Ronaldo is taking his trademark logo, CR7, to the real estate sector.

On Tuesday, December 15th, he announced his partnership with Pestana Hotel Group, Portugal's biggest Hotel chain.

Ronaldo said he has invested over $40 million in the hotels located in New York, Madeira, Lisbon and Madrid.

"My world is that of football but life changes and I always wanted to own a hotel. It was impossible to throw myself alone into a project of this scale, to each his own area of competence. Pestana is the best Portuguese group in this business."

Other than the press conference in Lisbon, he also shared the good news on Instagram.

''Hi guys! Today i partner with #PestanaHotels for the construction of four new hotels. It's a dream come true! #TimeOfYourLife".

The new chain of hotels joins Ronaldo's 'CR7' fashion line, underwear line, game, keyboard app, fragrance and others.

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