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Press Room

12TH DECEMBER 2006  (EN NL)

GOLDEN TULIP HOSPITALITY CONTINUES EXPANSION BY ADDING ITS 75TH HOTEL IN THE NETHERLANDS

GOLDEN TULIP HOSPITALITY CONTINUES EXPANSION BY ADDING ITS 75TH HOTEL  IN THE NETHERLANDS Amersfoort (NL) / Lausanne (CH), 12 December 2006: Golden Tulip is proud to announce the signing of a franchise agreement for the Golden Tulip Amsterdam-Vinkeveen, effective as per 01 December 2006.

The Golden Tulip Amsterdam-Vinkeveen was built in 1977 and underwent renovations in 1998. The hotel was recently acquired by Real Estate owners M. Caransa B.V., whereas the management resides with Hotel operator European Hotel Management.

Future plans for the hotel is to create a 130 all-suite hotel, with a state of the art Conference and Meeting Centre, as well as superb restaurant, bar & lounge facilities. Next to hotel a brand new leisure centre will be built.

This superior 1st class All Suite Hotel is situated in the village of Vinkeveen between Amsterdam and Utrecht, close to the A-2 motorway and only 20 minutes from the Airport. The Golden Tulip Amsterdam-Vinkeveen currently offers 65 fully equipped exclusive junior suites with separate sleeping and sitting area with the majority overlooking the lakes of Vinkeveen. Further facilities include:

- An a la carte Restaurant ‘Le Canard Sauvage’ overlooking the lakes of Vinkeveen
- Fully equipped conference area catering up to 200 delegates
- Sauna and solarium
- Parking facilities

Hans Kennedie, President & C.E.O. of Golden Tulip Hospitality Group comments: “Following our portfolio expansion in the Amsterdam area in the past months, we are delighted to welcome this hotel located in the vicinity of Amsterdam. The Golden Tulip Amsterdam-Vinkeveen will ideally complement our existing portfolio offering our guests yet another destination in the Netherlands.”

Bas Tolmeijer, Managing Director of European Hotel Management adds: “After the successful signing of the franchise agreement for the Golden Tulip Amsterdam Apollo it seemed logical to choose Golden Tulip as franchisor of the Golden Tulip Amsterdam Vinkeveen. We are confident that the cooperation between our companies will continue to lead to high results and added value for both our hotels.”

The remodeling and renovations will be executed over the next couple of years and will be completed in 2010.


About Golden Tulip Hospitality Group


Golden Tulip Hospitality Group (www.goldentuliptop.com), with its head offices in Amersfoort, The Netherlands and Lausanne, Switzerland, is a worldwide hospitality company with more than 510 hotels, 52,000 rooms in more than 47 countries. The Golden Tulip Hospitality Group franchises and manages hotels in Europe, the Middle East & Africa, the Asian Pacific Region and the Americas. In 2005, Hotels Magazine has ranked this company the 18th largest hotel chain.

As a multi-brand hospitality firm, the Golden Tulip Hospitality Group offers services in the two, three, four and five star categories. On the two-star side Golden Tulip has an alliance with the French B&B hotel chain. The three-star concept is the Tulip Inn for the limited-service first-class category, the four-star category falls under the Golden Tulip brand for the Superior First-Class business and Resort hotels and the recently introduced five-star concept Royal Tulip. In addition Golden Tulip offers its services through its commercial alliance with TOP International, a German based hotel consortium.

As of the fall of 2006, Golden Tulip will be introducing BRANCHE, Restaurant, Bar and Lounge. This is a free standing restaurant chain, which will have establishments in most Golden Tulip Hotels and Tulip Inns operated by Golden Tulip.

About European Hotel Management


European Hotel Management (www.europeanhm.com), based in The Netherlands, is specialized in operational excellence for the hospitality industry. The company, owned by out-and out hotel managers, provides the knowledge, experience and commitment necessary to turn every challenge into a great success.

It is founded upon the core values of trust, loyalty, a balance between career and personal happiness, respect and informality. Based on this is the ambition to build up a strong portfolio of hotels. Although established only in 2005, European Hotel Management currently operates 5 companies, among which the famous wellness resort Thermae 2OOO in Valkenburg.

The new acquisition represents the sixth in operation, whereas a newly built property is scheduled to open by fall 2007. Further additions to the portfolio are expected to follow shortly.

For more information, please contact:

Golden Tulip Hospitality Group
Alexandra Alexandropoulou
Corporate Communications Manager
World Trade Center
Avenue de Gratta - Paille 2
1000 Lausanne 30 Grey
Switzerland
Tel: +41 21 641 1957
Fax: +41 21 641 1945
Email:alexandra.alexandropoulou@goldentulip.com

European Hotel Management
Mr. Bas Tolmeijer – Managing Director
Tel: +31 488 470 150
Fax: +31 488 470 151
E-Mail: tolmeijer@europeanhm.com
Web: www.europeanhm.com

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