Golden Tulip Hospitality Takes Over The Management Of A 70-RoomHotel In Dûsseldorf

Amersfoort (NL)/Lausanne (CH), April 2007 – Golden Tulip is proud to announce the expansion of its management portfolio in Germany with the addition of the Golden Tulip Düsseldorf City-Süd. The hotel formerly known as the Golden Tulip Grand Hotel Düsseldorf has been with Golden Tulip under a franchise agreement for more than nine years. Built in 1989 and renovated in 2001 the hotel finds itself in fantastic conditions and is conveniently located in the southern part of the city, close to the University Clinic.

Mr. Hans Kennedie, president & C.E.O. of Golden Tulip Hospitality Group, states: “The Golden Tulip Düsseldorf City-Süd is for Golden Tulip the right hotel in the right destination. Mr. Wendt, our former general manager and owner of the hotel was looking for a future for his hotel and it is with great excitement that we have entered into agreement to be able to assist in this process. We look forward to infusing the Golden Tulip Management formula into this already successful hotel.”

Mr. Wolfgang Wendt, former General Manager and owner of the hotel, states: “This Golden Tulip is a property which has always demonstrated to be a high potential and after working nine consecutive and successful years with Golden Tulip under a franchise agreement we feel confident that Golden Tulip’s Management Formula will emphasize the hotel as a preferred four star property in terms of service, value and comfort.”

Golden Tulip currently franchises and operates over 16 hotels with over 2,000 rooms in Germany in prime locations among others Berlin, Düsseldorf, Munich and Hamburg.

About Golden Tulip Dusseldorf City Süd

The Golden Tulip Düsseldorf City Süd is a superior first-class hotel noted for its pleasant atmosphere. All rooms are nicely equipped and have remote-controlled TV with Pay TV, minibar, phone and radio. The hotel has an international open bar. For business travelers, private meeting equipments and facilities are available as well as a conference area accommodating up to 36 people. The centre of Düsseldorf is within easy reach by car or public transport (10 minutes).

About Golden Tulip Hospitality Group

Golden Tulip Hospitality Group with its head offices in Amersfoort, The Netherlands and Lausanne, Switzerland, is a worldwide hospitality company with more than 630 hotels, 58,000 rooms in more than 49 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, 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.