Golden Tulip Hospitality takes over Golden Tulip Winterswijk

Golden Tulip is proud to announce the acquisition of the lease agreement for the Golden Tulip Winterswijk as per April 1st 2006.

The Golden Tulip Winterswijk formerly named Golden Tulip De Frerikshof is associated with Golden Tulip under a franchise agreement since 1999.

The hotel is located on the outskirts of the provincial town Winterswijk. Surrounded by well kept gardens, the hotel lies next to the local Museum Freriks area with an animal farm and a deer park. This Superior First class hotel offers business and leisure guests 66 fully equipped bedrooms, a modern conference and banqueting area (equipped for a total capacity of 250 delegates), fitness and sports facilities for young and old. The hotel also avails over a restaurant and an informal brasserie.

Mr. Roel Hilbink, managing owner of the Golden Tulip Winterswijk states: “after a lifelong career in the hotel business it was time for me and my wife to focus on the more personal aspects of life. We always wanted to sell the hotel to a group, which would bring continuity to hospitality world in the region and of course to the staff. We are very pleased that specifically Golden Tulip our long-term partner has stepped into that position.”

Mr. Roel Hilbink has been with the company for 25 years as director and the last ten years as the largest shareholder for the hotel.

Johan Westermeijer, of the Westermeijer Group, adds: “I am very pleased to sign the second agreement with Golden Tulip Hospitality Management. In today’s climate, there is a strong need for rationalizing hotel operations and with the strong presence the Golden Tulip brand has in the Netherlands, I feel this acquisition will be in a good hands to continue delivering positive returns and subsequently increase its property value.”

Hans Kennedie, Managing Director & CEO of Golden Tulip Hospitality, comments: “Golden Tulip is proud of this new addition to the hotel management portfolio. The Golden Tulip Winterswijk is the ninth hotel that we operate in The Netherlands. I am confident that with the complete implementation of our management formula the hotel will continue to position itself highly in the hospitality world of “de Achterhoek” and more specifically Winterswijk.”

About the Westermeijer Group:

The Westermeijer Group (www.westermeijer.nl) is an independent family business that has more than 35 year experience in the area of commercial real estate. Through means of a successful integrated service the Westermeijer Group adds to this branch added value to her customers’ circle that consists of national as well as international institutional and private investors, owners and users of real estate.

In the area of commercial real estate the Westermeijer Group has in more than 35 years built up a careful relation network with institutional and private investors. Furthermore the Westermeijer Group has among others acquired and renovated strikingly old office buildings. Brilliant examples of these are ‘The White House' and the 'Hultskamp -building' in Rotterdam, the tax office 'Westpoint' in Apeldoorn, the ‘Dutch Bank' across the north end Palace in the Hague and the 'Vesta building' in Arnhem (head office Westermeijer Group).

The investment portfolio of the Westermeijer Group consists for the largest part of office buildings (a.o. “Vesta-building” in Arnhem, “Westpoint-complex” in Schiedam, “Westpoint-complex” in Apeldoorn), business spaces (a.o. “Keurenplein-complex” in Amsterdam), stores and shopping centers. Furthermore large house-construction projects, apartments complex (a.o. 1.660 appartments in Germany), hotels (a.o. “Golden Tulip Wageningen” in Wageningen, “Golden Tulip Winterswijk” in Winterswijk) and large-scale recreation projects (a.o. Country Estate “Hunzebergen” in Exloo) make part of the Westermeijer Group self managed investment portfolio.

About the 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 500 hotels totaling approximately 47,000 rooms in more than 45 countries. The Golden Tulip Hospitality Group franchises and manages hotels in Europe, Middle East & Africa, Asia Pacific and the Americas. The company is ranked as the 18th largest hotel chain by Hotels Magazine.

As a multi-brand hospitality firm, the Golden Tulip Hospitality group offers services in the two, three and four star categories: on the two star side Golden Tulip has an alliance with the French hotel brand B&B, the three star concept is the Tulip Inn for the limited service first class category, the four star is under the Golden Tulip brand for the Superior First Class business and resort hotels, and in the suites and apartments Golden Tulip offers the Pacific International brand. The Pacific International brand is owned by Golden Tulip’s strategic shareholders the Australian company Tourism, Hotels, and Leisure (THL). Golden Tulip furthermore offers services through its commercial alliance with TOP International, a German based hotel consortium.

For more information, please contact:
Rocio Manzanares – Corporate Communications Manager
Golden Tulip Hospitality B.V.
Tel: +31 33 2544 828
Fax: +31 33 2544 816
E-mail: press@goldentuliptop.com
Website: www.goldentulip.com