Released on: September 13, 2007, 1:00 am

Press Release Author: Golden Tulip Hotels, Inns and Resorts

Industry: Real Estate

Press Release Summary: Golden Tulip Hospitality welcomes one of the largest
properties in United Arab Emirates to its family, the Golden Tulip Ajman, due to
open early 2008


Press Release Body: Ajman (UAE) / Lausanne (CH) 11 September 2007; Golden Tulip
Hospitality Group is proud to announce the signing of a management agreement for its
largest hotel within its portfolio, the Golden Tulip Ajman.

The new 4 & 5 star Hotel, Golden Tulip Ajman, comprises of 1000 rooms, Suites and
Apartments. The construction project has been divided into two phases;

- Phase 1 opens in early 2008 and comprises of 444 Hotel Suites and Apartments
spread in three towers, The Residence, The Suites, The Executive Apartments, each
having a mixture of studios, 1 bedroom and connecting rooms making it an ultimate
family and businessmen choice.
- Phase 2 is a 550 room Hotel with a revolving restaurant, the first of its kind in
the emirate of Ajman, expected to open in 2nd quarter 2009.

Ajman, or Ujman is the smallest member state of the United Arab Emirates, with an
area of just 260 square kilometres. Its capital is Ajman. Located along the Persian
Gulf, it also controls Masfut and Manama, two small, inland enclaves that are
primarily agricultural. The population of approximately 235,000 is located mainly in
the capital, Ajman. The population was only 36,100 in 1980 but grew considerably in
recent years, due to an influx of people from the neighboring emirates of Dubai,
Sharjah, and other countries.

Hans W. R. Kennedie, President and C.E.O. of Golden Tulip Hospitality, explains:
"Golden Tulip Ajman is a welcomed addition to our expanding UAE portfolio. Tourism
in Ajman is currently undergoing a major transformation and will soon become one of
the region's top business and leisure destinations. It's important that Golden Tulip
is part of this development."

Amine E. Moukarzel, Senior Vice-President, Middle East & Africa, at Golden Tulip
Hospitality adds; "We thank our owners for having trusted in us such an opportunity.
With this addition we have become a major contributor to hospitality, business and
tourism in the UAE and Middle East in general".

Fadi Salamoun, Regional Business Development Manager for Golden Tulip Hotels, Inns &
Resorts, MENA "We are very proud to acquire this beautiful landmark in Ajman, a city
with great development potential. We look into this strategic move as to further
strengthen our position as one of the leading chains in the region".

With the addition of the Golden Tulip Ajman the current hotel portfolio in the
Middle East & Africa comprises of 37 hotels with over 7000 rooms in Bahrain, Egypt,
Jordan, Oman, Saudi Arabia, Tunisia, United Arab Emirates and Yemen and aiming to
reach 50 hotels, inns & resorts by the year 2010.

About Golden Tulip Ajman
The property has intensive meeting and banquet facilities and positioned to be the
business landmark of Ajman, an Emirate with massive development projects in the
pipeline. The hotel is located by the new "Hamidiya" flyover bridge and
intersection, the new downtown of Ajman. On the other hand, Golden Tulip Ajman is 10
minutes away from the Sharjah International Airport and 25 minutes from Dubai
International Airport.

On the leisure side, the property promises fun and recreation for visiting families
and business traveler alike with several pools, a large gymnasium and fitness
center, sauna, steam Jacuzzi, Restaurants and F&B Outlets, dedicated children play
areas, shopping arcade and many more promising it guests lots of fun and an
enjoyable stay.

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 909 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

Web Site: http://http://www.goldentulip.com/pressroom/news.aspx?id=231

Contact Details: 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