Released on = July 17, 2007, 3:19 am

Press Release Author = Golden Tulip Hospitality

Industry = Real Estate

Press Release Summary = Golden Tulip Hospitality Group has contracted a new Golden
Tulip hotel in the Dutch city Gouda - the property will feature a minimum of 98
rooms and is scheduled to open by the end of 2008/ early 2009.

Press Release Body = Amersfoort (NL)/Lausanne (CH), 17 July 07- Golden Tulip
Hospitality, the Municipality of Gouda, Bonteval Vastgoed and Park King signed on
Saturday June 23rd the agreements pertaining to the whole project named "Bolwerk",
this included the lease agreement for the Golden Tulip Gouda.

The 'Bolwerk' project will consist of 20 houses and 53 luxurious apartments, a hotel
with over 98 rooms and seven meeting areas and a parking space with a capacity of
over 360 spots. The hotel will be fully operated by Golden Tulip Hospitality
Management BV.

The Golden Tulip Gouda will offer 98 modern and spacious guestrooms catering both
the needs of business and leisure travelers. The hotel will be fully implemented
with Golden Tulip's design room concept, a brand new BRANCHE Restaurant, Bar &
Lounge as well as Golden Tulip's unique meeting concept "Let's Meet Again".

The BRANCHE Restaurant, Bar & Lounge, the meeting rooms and reception will be
situated in a historical building alongside a canal. The hotel rooms will have a
carre form, with views of either the hotel gardens or the historical city of Gouda.
Furthermore there will be ample parking space provided in the new build parking
which will be beneath the hotel.

The Mayor of Gouda W.M. Cornelis comments: " the board is extremely pleased with the
development of the project "Bolwerk". The building of a hotel has been on top of our
priority list and it is primordial for the growth ambitions in the tourist market of
Gouda. This project brings important advances to the city as the expansion of supply
of homes and parking facilities in the centre of the city."
H.W.R. Kennedie, President & C.E.O. of Golden Tulip Hospitality Group adds: "Golden
Tulip is delighted with this new addition to its Dutch hotel portfolio. We are
confident that Golden Tulip will provide this new hotel the necessary tools and
services to enter the Dutch hospitality industry successfully with an international
recognition."

With the addition of the Golden Tulip Gouda the current hotel portfolio in the
Netherlands comprises of 80 hotels in 59 cities.

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




Web Site = http://www.goldentulip.com

Contact Details = Rocio Manzanares
Stationsplein 26 AK Amersfoort, the Netherlands
+31 33 25 44 828
+31 33 25 44 816
rocio.manzanares@goldentuliptop.com