GOLDEN TULIP OPENS REGIONAL OFFICE IN BANGKOK FOR SOUTH EAST ASIA

Amersfoort (NL)/ Lausanne (CH)/ Bangkok (TH), 26 October 2007– Golden Tulip Hospitality Group is proud to announce the opening of a regional development office in Bangkok.

Golden Tulip South East Asia, a management company, will focus on developing and servicing hotels in the region including, Thailand, Malaysia, Singapore, Indonesia, Brunei, Philippines, Vietnam, Cambodia, Laos, Myanmar.

Golden Tulip South East Asia aims to establish Golden Tulip Hotels, Inns & Resorts as a leading hotel chain in the region, while introducing the four brands of the chain: 5 stars Royal Tulip, 4 stars Golden Tulip and Golden Tulip Resort and the economy business 3 stars brand Tulip Inn. The office will furthermore develop the necessary infrastructure to provide maximum support to investors and owners. Golden Tulip South East Asia aims to achieve a portfolio of 40 hotels in a four years period by both converting existing hotels into Royal Tulips, Golden Tulips and Tulip Inns as well as developing new hotels.

The main focus will be to develop economy business hotels in the main capital cities and the four and five star brands, Royal Tulip and Golden Tulip Resorts in the various resorts in S.E. Asia.

Golden Tulip South East Asia Ltd., will be led by Mr. Mark A.M. van Ogtrop, who joined Golden Tulip as the Managing Director and Senior Vice President of Golden Tulip South East Asia. Mr. van Ogtrop brings along more than twenty five years of experience in the hotel business, having started already in the 80’s with Golden Tulip in Europe. He has worked in 3 continents and has over 10 years experience in Asia, having worked with The Peninsula Group in Hong Kong and Dusit Hotels & Resorts in Thailand. Mr. van Ogtrop was Area Manager for Dorint Hotels in Europe prior to joining Golden Tulip.

Hans Kennedie, President & CEO of Golden Tulip Hospitality Group states: “I am very pleased with the opening of Golden Tulip South East Asia office. Our aim is to establish a strong position in the region through the development of management agreements for existing and new hotels. I am confident that together with our new office and the full roll out of our management and marketing formulas we will achieve the targets set.”

Mark van Ogtrop, Senior Vice President & Managing Director for South East Asia adds: “We enter with great enthusiasm into this business adventure. Golden Tulip’s brand recognition and its proven success track record gives us the necessary tools to develop new projects in this region. We have received a lot of positive feedback and both in the economy business sector for main cities as well as for resort hotels there is still a lot of potential and opportunities for growth in various countries in the region.”


Golden Tulip South East Asia Office:
Mr. Mark van Ogtrop
Senior Vice President and Managing Director
Bangkok City Tower, 27 Flr
179 Sathorn Road
10120 Bangkok, Thailand
Tel: 66 2 343 1838
E-mail: mark.vanogtrop@goldentulip.com

About Golden Tulip Hospitality Group
Golden Tulip Hospitality Group (www.goldentulip.com), with its head offices in Amersfoort, The Netherlands and Lausanne, Switzerland, is a worldwide hospitality company with more than 909 hotels, 81.000 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 2006, 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.

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
Ms. Rocio Manzanares –
Corporate Communication Manager
Stationsplein 26
3818 LE Amersfoort
Tel: +31 33 2544 828
Fax: +31 33 2544 816
E-Mail: rocio.manzanares@goldentuliptop.com
Web: www.goldentulip.com