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NEW GOLDEN TULIP - TULIP INN: TWIN ACT IN MUNICH SCHWABING, GERMANYGolden Tulip Hospitality welcomes Tulip Inn Munich Schwabing and starts the construction of the Golden Tulip Munich Schwabing adjacent to the Tulip Inn. The Group’s hotel management portfolio in Germany amounts to 12 hotels.

Amersfoort (NL)/Lausanne (CH), 20 September 2007 – Golden Tulip Hospitality is proud to announce the signing of a lease agreement for Tulip Inn Munich Schwabing effective as per September 1st 2007.

Adjacent to Tulip Inn Munich Schwabing constructions have begun for the Golden Tulip Munich Schwabing which will offer 160 rooms, extensive meeting and conference facilities as well as a BRANCHE Restaurant, Bar & Lounge. The Golden Tulip Munich Schwabing is expected to open its doors in early 2009.

Situated in the north of Munich, in the heart of new and rapidly developing business area Parkstadt Schwabing and just 10 min from the city centre by underground, Tulip Inn München-Schwabing offers 231 comfortable guestrooms in 3 categories; Economy, Standard and Executive. Further facilities include indoor swimming pool and a solarium, a delicious Mediterranean restaurant, a lobby-bar and a meeting area for up to 35 delegates.

Hans Kennedie, President & CEO of Golden Tulip Hospitality Group, adds: “In the current market there is an increasing need for economies of scale and for precise market positioning. Golden Tulip Hotels, Inns & Resorts offers the Golden Tulip brand, aimed at the four star market and the Tulip Inn brand aimed at the three star market. Both brand formulas are based on the same systems and thus very suitable for use within one hotel property as a solution to the above stated needs. The management of a Golden Tulip and Tulip Inn combination has proven to be extremely efficient and effective in other markets, thus we are confident about the success of this new twin-act.”

Golden Tulip’s portfolio in the Central European region comprises of 20 hotels under franchise and management located in prime locations, among others, Berlin, Frankfurt, Hamburg, Munich, Prague and Vienna.

Schwabing is Munich's most versatile district being home to various theaters, museums, a university, the largest park in Europe, shops which cater those who wish to get a second mortgage on their home, and plenty of bars and clubs. Schwabing's highlight is the Englischer Garten, with endless bicycle and hiking trails, the Eisbach stream and an amazing view

About Golden Tulip Hospitality Group

Golden Tulip Hospitality Group (www.goldentulip.com), with its head office Lausanne, Switzerland, is a worldwide hospitality company with more than 780 hotels, 76.000 rooms in more than 50 countries. The Golden Tulip Hospitality Group franchises and manages hotels in Europe, the Middle East & Africa, the Asian Pacific Region and the Americas. In 2007, 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 three, four and five star categories. 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.

In the fall of 2006, Golden Tulip introduced 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. (For more information please visit www.brancherestaurants.com)

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
Tel: +41 21 641 1957
Fax: +41 21 641 1945

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