Golden Tulip introduces first Royal Tulip in Amsterdam, The Netherlands

Amersfoort (NL), Lausanne (CH) 25 September 2006, Golden Tulip Hospitality is proud to announce the introduction of the first ROYAL TULIP in the heart of the financial centre of Amsterdam.

The hotel will be called the Royal Tulip Amsterdam Symphony and will open its doors in the spring of 2009.

It is a part of a multifunctional project named Amsterdam Symphony located in the heart of the financial business district of Amsterdam Zuidas. The developers are Bouwfonds MAB Ontwikkeling CVG BV and Trimp & Van Tartwijk Property Development BV. The project will consist of two towers destined for private residential use, an office building and the hotel. The hotel will be fully operated by Golden Tulip Hospitality Management BV.

The 13.000 m² Royal Tulip Amsterdam Symphony will be designed to attract mainly business individuals and groups. The hotel will consist of 210 guest rooms fully equipped for all the desires of business travelers who intend to stay for short or long periods. The hotel facilities will include an executive lounge, a luxury A-la-carte and an All-day dining restaurant and a bar/lounge ideal for both guests and employees of surrounding company buildings.

In addition, four different types of meeting rooms will be available for all types of events and meetings, hosting up to 355 delegates. For relaxation purposes the hotel will offer a wellness and recreational area of 500 m² ideal for the guests that need to escape from the day-to-day hectic business life.

Hans Kennedie, President and C.E.O. of Golden Tulip Hospitality Group comments, “I am extremely proud with this addition to the existing portfolio of operated in hotel in The Netherlands. The Royal Tulip Amsterdam Symphony will be fully implemented with our latest concepts and systems, which in combination with the spectacular location of the hotel, will lead to enhanced value generating outstanding revenues.”

Cees van Boven, Managing Director of Bouwfonds MAB Ontwikkeling CVG B.V. adds: "As a specialized developer of multifunctional projects we are extremely pleased with the integration of this luxury Royal Tulip, the new flagship of the Golden Tulip Hospitality Group, within the Amsterdam Symphony project.

This new and ambitious international Royal Tulip brand, that for her first hotel has chosen as a location the hart of the Amsterdam Zuidas, means a major boost for this project as a whole. Royal Tulip Amsterdam Symphony will certainly attract other major international parties to select Amsterdam Symphony in the Zuidas as a location”

About 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, 47,000 rooms in more than 45 countries. The Golden Tulip Hospitality Group franchises and manages hotels in Europe, the Middle East & Africa, the Asian Pacific Region and the Americas. In 2005, 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 and four 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 and the four-star category falls under the Golden Tulip brand for the Superior First-Class business and Resort hotels.

As of the fall of 2006, Golden Tulip will be introducing 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.

The Group offers furthermore the Pacific International brand for suites and apartments. The Pacific International brand is owned by Golden Tulip’s partners the Australian company THL. In addition Golden Tulip offers its services through its commercial alliance with TOP International, a German based hotel consortium.

For more information, please contact:

Golden Tulip Hospitality B.V.
Ms. Rocio Manzanares – Corporate Communications Manager
Tel: +31 33 2544 828
Fax: +31 33 2544 816
E-mail: press@goldentuliptop.com