Hospitality Net

Amersfoort (NL)/Lausanne (CH), Golden Tulip and Peacock Hotels are pleased to announce the signing of a development and representation agreement for Romania and the Republic of Moldova.

Through this agreement, Peacock Hotels, a hotel management and consulting company based in Bucharest, will implement and develop the Golden Tulip franchise in the region by converting both hotels managed by Peacock Hotels as well as extending the franchise to suitable third party owned and operated hotels.

Paul Marasoiu, President of Peacock Hotels, commented: “The Golden Tulip belief of providing the combination “International standards, local flavours” is completed by the Peacock Hotels promise: “Powered by attitude” and will convey our unique hospitality approach to the Romanian and Moldavian market. Entering into this agreement with Golden Tulip will support the region into becoming a global destination by adding credibility to the supply of accommodation available in Romania and Moldova. Furthermore, the training programmes provided by Golden Tulip will assist the region in grooming a higher level of hospitality services.”

Hans Kennedie, President & CEO of Golden Tulip Hotels, Inns & Resorts, added: “We are very pleased about this opportunity to grow our brands in this region. By the end of 2006, we expect to have a portfolio of some 10 -12 hotels franchised under one of our brands. The strong presence of Golden Tulip in Europe and the Middle East will ensure an increasing recognition for the growing portfolio in Romania and the Republic of Moldova.”

Today, Golden Tulip’s portfolio in Romania consists of two hotels: The Golden Tulip Bucharest Hotel (Calea Victoriei 166) open since February 18th 2005 and the Tulip Inn Bucharest (Bd Nerva Traian 3) due to open in September 2005.

Golden Tulip Hospitality B.V. with its head offices based in Amersfoort, the Netherlands and Lausanne, Switzerland, is the owning company of Golden Tulip Hotels, Inns & Resorts, franchising some 250 hotels across 37 countries, with the majority of hotels being located in urban destinations across Europe, the Middle East & Africa. Golden Tulip’s main assets include its intellectual property, hotel management division, franchise division and other shareholdings. Through its commercial alliance with TOP International Hotels, a German based hotel consortium, the French B & B Group and Australian Tourism Hotels & Leisure (THL), the combined portfolio comprises over 52,000 rooms in approximately 534 hotels. Golden Tulip offers a unique franchise concept for two brands, designed to implement international standards, whilst maintaining local flavours: Golden Tulip for the (superior) first class business and resort hotels and Tulip Inn for the limited service first class category. TOP International Hotels offers hotel reservations, marketing and sales services to independent hotels. B&B Hotels are comfortable two star hotels throughout France and Germany. THL operates three sub-brands brands Pacific International Suites & Apartments, Pensione and Plaza Hotels, in the three to five star segment in Asia Pacific. The Hotel Management Division of Golden Tulip Hospitality B.V. operates seven Golden Tulip and Tulip Inns in the Netherlands.