GOLDEN TULIP WELCOMES 80TH HOTEL IN THE NETHERLANDS

Amersfoort (NL)/Lausanne (CH), 05 September 2007 – Golden Tulip is proud to announce the signing of a franchise agreement for the Golden Tulip Papendrecht with Hotel & Exploitatie Maatschappij Papendrecht. The agreement is effective as per September 1st 2007.

Golden Tulip Papendrecht is uniquely situated in central Holland in rural Alblasserwaard. The 76 room hotel will join the Golden Tulip group as per September 1st 2007 and will become the only four stars hotel in Papendrecht in the area. The hotel consists of a modern lounge, eleven conference rooms all with daylight and a luxurious bistro.

Mr. H.W.R. Kennedie, President & CEO of Golden Tulip Hospitality comments: “This is a fantastic new addition to our portfolio in the central region of the Netherlands. I am confident that the Golden Tulip Papendrecht will become one of several successful franchised hotels recently joined to our chain.”

Mr. D.A.M Van Opstal, one of the owners of the hotel adds: “Golden Tulip Papendrecht is happy to join Golden Tulip Hotels. We are looking forward to a good cooperation with Golden Tulip providing us many advantages and a strong network of excellent hotels”

Including the Golden Tulip Papendrecht, the portfolio of Golden Tulip Hotels Inns & Resorts comprises 80 hotels in 62 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 908 hotels, 81.000 rooms in more than 50 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