Released on: September 24, 2007, 1:41 am

Press Release Author: Golden Tulip Hotels, Inns and Resorts

Industry: Real Estate

Press Release Summary: Golden Tulip Hospitality welcomes Tulip Inn Munich Schwabing
and starts the construction of the Golden Tulip Munich Schwabing adjacent to the
Tulip Inn. The Group's hotel management portfolio in Germany amounts to 12 hotels

Press Release Body: Amersfoort (NL)/Lausanne (CH), 20 September 2007 - Golden Tulip
Hospitality is proud to announce the signing of a lease agreement for Tulip Inn
Munich Schwabing effective as per September 1st 2007.

Adjacent to Tulip Inn Munich Schwabing constructions have begun for the Golden Tulip
Munich Schwabing which will offer 160 rooms, extensive meeting and conference
facilities as well as a BRANCHE Restaurant, Bar & Lounge. The Golden Tulip Munich
Schwabing is expected to open its doors in early 2009.

Situated in the north of Munich, in the heart of new and rapidly developing business
area Parkstadt Schwabing and just 10 min from the city centre by underground, Tulip
Inn München-Schwabing offers 231 comfortable guestrooms in 3 categories; Economy,
Standard and Executive. Further facilities include indoor swimming pool and a
solarium, a delicious Mediterranean restaurant, a lobby-bar and a meeting area for
up to 35 delegates.

Hans Kennedie, President & CEO of Golden Tulip Hospitality Group, adds: "In the
current market there is an increasing need for economies of scale and for precise
market positioning. Golden Tulip Hotels, Inns & Resorts offers the Golden Tulip
brand, aimed at the four star market and the Tulip Inn brand aimed at the three star
market. Both brand formulas are based on the same systems and thus very suitable for
use within one hotel property as a solution to the above stated needs. The
management of a Golden Tulip and Tulip Inn combination has proven to be extremely
efficient and effective in other markets, thus we are confident about the success of
this new twin-act."

Golden Tulip's portfolio in the Central European region comprises of 20 hotels under
franchise and management located in prime locations, among others, Berlin,
Frankfurt, Hamburg, Munich, Prague and Vienna.

Schwabing is Munich\'s most versatile district being home to various theaters,
museums, a university, the largest park in Europe, shops which cater those who wish
to get a second mortgage on their home, and plenty of bars and clubs. Schwabing\'s
highlight is the Englischer Garten, with endless bicycle and hiking trails, the
Eisbach stream and an amazing view

About 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)




Web Site: http://http://www.goldentulip.com/pressroom/news.aspx?id=238

Contact Details: 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