Golden Tulip Announces Multiple Hotel Projects in South East Asia
The company is also reviewing and negotiating the opening of properties in Singapore, Vietnam (Ho Chi Minh City, Danang, Hanoi, Vung Tau, Bin Dong), Malaysia (Kuala Lumpur, Cyberjaya, Ipoh, Johor Bahru, Penang, Kota Kinabalu, Kuching), Indonesia (Jakarta, Bandung, Semarang, Surabaya, Yogjakarta, Medan and Den Pasar), and more in Cambodia along its south coast.
In Thailand, fifteen additional properties including a 350-room hotel and conference centre at Bangkok's international airport are also under negotiation.
Golden Tulip President and CEO, Mr Hans WR Kennedie, said that a similar expansion is taking place in China and India to complement Golden Tulip's existing global portfolio of 900 hotels in more than 50 countries. “Our strategy is to develop economy business hotels in capital cities in Southeast Asia and our four- and five-star brands, Royal Tulip and Golden Tulip Resorts, in resort areas. We are proud to be a multi-brand hospitality company."
Golden Tulip Southeast Asia, Managing Director, Mr van Ogtrop, said the business economy hotel in urban centres offered particularly strong potential for growth. He added: “Our expansion in Southeast Asia will be achieved through the management and leasing of individual hotels, alliances, joint ventures, and the merging and acquisition of existing hotel groups. We're setting up a hotel property investment fund to finance future projects."
Mr Kennedie said Golden Tulip and its partners would invest US$800 million (about €508 million) on the initial four-year development period in South East Asia.
Note for editors: pictures of Mr Kennedie and Mr van Ogtrop can be downloaded at www.scottasia.net/2008/goldentulip/downloads/
About Golden Tulip
Golden Tulip Hospitality Group, with its head offices in Lausanne, Switzerland, is a worldwide hospitality company with more than 900 hotels, 85,000 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.
Golden Tulip Hospitality Group's core business is to provide services through the management and leasing of individual hotels as well as through alliances, joint ventures, mergers or acquisitions of existing hotel groups.
As a multi-brand hospitality firm, the Golden Tulip Hospitality Group offers services in the three-, four- and five-star categories. The three-star concept is the Tulip Inn offering Business Economy service, comfortable accommodation, and convenient locations in city centres. The four-star category falls under the Golden Tulip brand of Superior First-Class hotels and resorts with international standards that reflect the local character of their destinations. The recently introduced Royal Tulip, in the five-star Luxury category, offers the most elegant and luxurious facilities with a deluxe level of comfort and personal service. In addition, Golden Tulip offers its services through its commercial alliance with TOP International, a German based hotel consortium.
In 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.
Golden Tulip Hotels, Inns&Resorts franchises 264 hotels worldwide and manages 60 hotels located in Morocco, Ghana, Middle East, UK, Germany, Austria and The Netherlands.
Golden Tulip South East Asia Level 27, Bangkok City Tower 179 South Sathorn Road Bangkok 10120, Thailand Tel: +66 2 343 1839 Fax: +66 2 343 1818 Email: email@example.com Web: www.goldentulip.com For media queries in South East Asia please contact ScottAsia Communications Tel. (+66) 2 860 8227 Fax: (+66) 439 3537 Mobile: (+66) 81 931 2753 E-mail: PRresults@ScottAsia.net