GOLDEN TULIP BECOMES A PREFERRED HOTEL PARTNER OF AKZO NOBEL

Golden Tulip Hospitality and Akzo Nobel signed the contract on Monday August 14th at Akzo Nobel’s head office in Arnhem, the Netherlands.

The contract signifies an intensified cooperation under which Golden Tulip will offer Akzo Nobel hotel accommodation in over 8 prime cities in the Netherlands, among them the region of Amsterdam, Den Bosch, Leiden and Rotterdam. Furthermore, Golden Tulip will provide special rates for conference and meeting facilities in all its 76 hotels in the Netherlands.

Mr. Ronald Baars, Akzo Nobel’s Director of Corporate Purchasing states: “Through the pooling of the purchasing power of our businesses we are actively establishing supply relationships with hotel chains that meet our standards for facilities and services at key locations. We have been working with Golden Tulip for over many years and we look forward to continuing the relationship. Golden Tulip has an excellent portfolio of hotels in the Netherlands and abroad and we are confident that each and every hotel will provide our business travelers with excellent facilities and services.”

Mr. Alex Kompier, Chief Financial Officer of Golden Tulip Hospitality, states: “It is with great enthusiasm that we enter into this intensified cooperation. We look forward to this close cooperation to further achieve cost-saving measures that will benefit both parties and create synergies to achieve Akzo Nobel’s and Golden Tulip’s objectives. We look forward to expanding our partnership on an international level as well, through our rapid, international expansion program.”