The Chairman of Group Pestana, Dr Dionísio Pestana, was presented by Ernst & Young Portugal, who are one of the world’s largest professional services networks, with their prestigious ‘Entrepreneur of the year’ award.
The Ernst & Young Entrepreneur of the Year award is now in it’s 12th year and serves to identify entrepreneurial role models for the next generation of business leaders, inspire today’s successful entrepreneurs to reach even greater heights and foster new entrepreneurial activity and economic growth in participating countries.
From a small fishing village in Madeira, Group Pestana has grown into one of the world ́s leading international hospitality groups, employing over 7,000 people worldwide. In spite of its size, Pestana still retains the strong family values and work ethic that were the foundations for the company we see today.
The story of the Pestana group began when its founder Manuel Pestana, developed a 5- star hotel in Portugal, in 1965.
His son Dionisio Pestana joined the business in 1976 at the age of 24 and took over the chairmanship.
Dionisio has been responsible for the growth from one hotel to a multinational company owning and managing 96 luxury hotels across ten countries on three continents.
As the group expanded internationally, it diversified into seven business divisions: Hotels, Golf Resorts, Casinos, Vacation Clubs, Travel, Brewery, and International Business Centre of Madeira.
The Group ́s net assets total over € 1.05 billion with annual revenues of € 410 million in 2011.
Dioníso Pestana said ‘It is such a privilege to receive this award and be given the opportunity to represent Portugal, at the World Entrepreneur of the Year 2011.
It ́s also an honour for me, my company and all 7000 employees who, with their determination and hard work, have contributed to the success of Group Pestana during these past 40 years.
The award is a strong motivating force to continue to invest and expand our hotel brand worldwide.”
The company’s motto is “With our company, if change doesn’t happen rapidly, we are left for dead “