GOLDEN TULIP WELCOMES FRANCHISE HOTEL IN THE NETHERLANDS

The hotel is undergoing reconstruction which commenced in March and is due to finish as per April 1st 2008. The existing 28-room hotel will expand to a four star hotel offering over 100 guestrooms. The existing rooms and the reception will also undergo renovation. The construction plan will be divided in two phases; the first phase the hotel will be transformed to a 68-room hotel and the end of the second phase the hotel will offer 104 rooms.

The Golden Tulip West-Ende will furthermore offer a large wellness and leisure complex as well as conference and meeting facilities. Some of the leisure facilities include a swimming pool, sauna, Turkish steambath, and fully equipped health and spa areas.

Mr. Hans Kennedie, President & CEO of Golden Tulip Hospitality comments: “I am very pleased with this new addition to our portfolio in the southern region of the Netherlands. The Golden Tulip Westende brings yet another destination to our portfolio offering our brand and standards in over 56 cities in The Netherlands.”

Mr. Liton Loverbosch, Managing Director of West-Ende Hospitality, adds: “Golden Tulip West-Ende in Helmond will combine style and stature with a personal approach and Brabantine amiability. With the rapid growth of Golden Tulip in the area we are confident that this international organization will provide the right tool and services leading to incremental revenues.”

Including the Golden Tulip West-Ende, the portfolio of Golden Tulip Hotels Inns & Resorts comprises 77 hotels in 56 cities across the Netherlands.

About the 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 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 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
Tel: +31 33 2544 828
Fax: +31 33 2544 816
E-Mail: rocio.manzanares@goldentuliptop.com
Web: www.goldentulip.com