Golden Tulip grows German offering

Swiss-based hotel group Golden Tulip Hospitality has added two new German properties to their hotel portfolio. They include a property in Munich Airport and a forthcoming Hamburg-based hotel that will open later this year. The deal, effective from April 1, will see both hotels, previously managed by German-based RIMC fall under Golden Tulip’s ownership. Golden Tulip president Hans Kennedie said the hotels were part the group’s strategy to expand within Europe. "This deal ends a long period of development negotiations, marking the beginning of our European hotel activities," he said. "We would like to expand our managed portfolio to all the key cities in Germany, Austria and Switzerland with an intent to operate some 20 hotels in the region within the next two years."

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