Messi purchases £26m luxury hotel in Ibiza

- Messi beats Ronaldo as he purchases a £26m luxury hotel in Ibiza

- The duo have rivaled each other on the field of play for over a decade

- Messi could not bear the humiliating defeat handed to them by Spain

Barcelona star man Lionel Messi has bought a stunning £525-a-night hotel in Ibiza as he expands his MiM brand.

The Argentina international has purchased the incredible Hotel Es Vive situated along the Figueretas beach, with the 52-room property boasting a luxury pool and rooftop bar.

The 30-year-old snapped up the four-star hotel MiM Sitges for a reported fee of £26m last year.

Messi's luxury hotel in Ibiza. Photo Credit: Golders/@Hotelesvive

According to iB3 Tv, prices for a room per-night starts from £226 as the plush establishment will be managed by the Majestic Hotel Group.

Messi's hotel in Ibiza. Photo Credit: Golders/@Hotelesvive

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According to El Espanol, after former management company Gemini Group Evissa confirmed the transfer of business to Messi, the property has since been renamed MiM Ibiza Es Vive following the takeover.

Messi's hotel in Ibiza. Photo Credit: Golders/@Hotelesvive

Cristiano Ronaldo recently revealed his business plans for the party island, but his rival first pipped it.

Messi's hotel in Ibiza. Photo Credit: Golders/@Hotelesvive

The Real Madrid's Pestana CR7 chain of hotels had announced they were working with JLL Hotels & Hospitality Group to find a suitable property in Ibiza last year.

Spokesperson for JLL, Luis Arsuaga Rato, said at the time: “The island is a natural destination for the Pestana CR7 brand.”

Messi's luxury hotel in Ibiza. Photo Cfredit: Gold/2Hotelesvive

The 33-year-old is no stranger to the hotel business owning one in his hometown of Funchal with another in Lisbon as he is expected to open hotels in Madrid, New York, and Marrakesh in Morocco.

Messi stormed out of the stands as Argentina concede a sixth goal against Spain in a humiliating 6-1 defeat for the 2014 World Cup runners-up.