|

Press Room

1ST FEBRUARY 2008  (EN NL DE FR IT)

GOLDEN TULIP STARTS 2008 WELCOMING 27 HOTEL PROPERTIES IN GERMANY

GOLDEN TULIP STARTS 2008 WELCOMING 27 HOTEL PROPERTIES IN GERMANYGolden Tulip and Arcadia Hotels enter into long-term agreement turning Golden Tulip Hotels, Inns & Resorts into one of the largest hotel chains in Germany with over 46 hotels, 5548 rooms in more than 42 cities.

Lausanne (CH)/ Amsterdam (NL), 01 February 2008– Golden Tulip Hospitality has announced the addition of 27 hotels under franchise agreements. The agreements enter into effect as per February 1st 2008.

The hotels, currently branded as Mercure Hotels will be reflagged into 9 Golden Tulips (four stars) and 18 Tulip Inns (three stars).

Both Mr. Hans Kennedie (Managing Director of Golden Tulip) and Dr. Reinhard Baumhögger (Managing Director & Owner of Arcadia) know each other for years and their discussions on becoming business partners took shape during 2007.

Golden Tulip is operating and franchising 19 hotels in Germany, whereas Arcadia operates 27 hotels across the country. The combined portfolio comprises now of 46 hotels.

Arcadia Hotel & Management is headquartered in Dortmund, whereas Golden Tulip’s area office is based in Düsseldorf.

Reinhard Baumhögger, Managing Director and owner of Arcadia comments: “After 12 years of fine co-operation with Accor, it was time to move the beacons and to look for another hotel brand, which moves with force in the markets. Golden Tulip with its strong Management has been adding a variety a great hotels in Germany and Europe in the last couple of years. Also the fact that the brands of Golden Tulip have been around for over 45 years and the strong reservation system platform, which they have created with Pegasus Solutions surely contributed to our choice to start the relation with Golden Tulip Hotels Inns & Resorts.”

Hans Kennedie, President & CEO of Golden Tulip Hospitality Group states: “I am delighted with the co-operation with Arcadia hotels in Germany. They are great hotels in good locations and very well managed. Dr. Baumhögger and his management team have built a great network of hotels over the past years and we are proud that they are now becoming Golden Tulip Hotels or Tulip Inns.”

“We will co-ordinate and integrate our commercial and operational initiatives in the next couple of months and the hotels will all be book-able on www.goldentulip.com as from the last week of January ‘08.”

“We believe the Golden Tulip brand name is going to be a good match for these hotels, bringing a unique combination of International Standards maintaining its local flavour." said Hans Kennedie. "The Golden Tulip philosophy is very service oriented making sure that all the guests are more than satisfied”.

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
Switzerland
Tel: +41 21 641 1957
Fax: +41 21 641 1945
Email:alexandra.alexandropoulou@goldentulip.com

Premiere Classe Hotels Campanile Hotels Kyriad Hotels Tulip Inn Golden Tulip Royal Tulip Louvre Hotels