Golden Tulip Expands With Second Hotel In Bucharest, Romania

Amersfoort (The Netherlands), Golden Tulip Hotels, Inns and Resorts is proud to announce the signing of its second franchise agreement in Romania's capital Bucharest.

The newly built Tulip Inn Bucharest is centrally located near the business district of Bucharest on Nerva Tralan Boulevard No. 3. The property offers 88 spacious, modern and nicely furnished rooms. The hotel also features two fully equipped meeting rooms that can accommodate up to 80 delegates and its restaurant "Panorama" on the ninth floor of the property, giving its clientele a breathtaking view over Bucharest.

The Tulip Inn Bucharest complements Golden Tulip's recently franchised hotel, the 83 room Golden Tulip Bucharest (Calea Victoriei Street), which is still under construction and due to open its doors in January 2005. The Tulip Inn Bucharest is currently under construction and is due to open in September 2005.

Hans W.R. Kennedie, President & CEO of Golden Tulip Hotels Inns & Resorts, comments: "We are extremely delighted by our fast developing network in Romania and believe there is high potential for Golden Tulip to grow further in this evolving market. Having a perfectly located Tulip Inn property in Bucharest combined with a magnificent Golden Tulip gives us a comfortable position on this promising market"

Mr. Raafat Sarieddine, owner of the Tulip Inn Bucharest adds: " We are very pleased with the new franchise agreement recently signed with Golden Tulip Hotels, Inns & Resorts. We strongly believe that flagging our property with a internationally recognized brand will give us the tools and necessary supports to market our hotel in the most profitable way."

Golden Tulip Hotels, Inns & Resorts is a privately owned franchise company with its head office based in Amersfoort, the Netherlands, franchising some 270 hotels across 41 countries, with the majority of hotels being located in urban destinations across Europe, the Middle East & Africa Through its commercial alliance with TOP International Hotels, a German based hotel consortium, the combined portfolio comprises over 43,000 rooms in approximately 390 hotels. Golden Tulip offers a unique franchise concept for two brands, designed to implement international standards, whilst maintaining local flavours: Golden Tulip for the four and five star business and resort hotels and Tulip Inn for the three star category. TOP International Hotels offers hotel reservations, marketing and sales services to independent hotels.