£30m expansion for Tulip Inn

Hotel development and operating company Golden Tulip UK has significantly boosted its presence in the hotel sector with the acquisition of four further sites for its Tulip Inn brand. The new hotels – in Belfast, Chippenham, Stoke/Trentham Gardens and Sheffield – will add nearly 500 bedrooms to the group’s portfolio. The hotels have a combined development value in excess of £30 million and will open over the next 18 months. They will create some 200 new jobs in addition to those involved in construction and fitting out. The Tulip Inns will be part of the worldwide Golden Tulip Inns Hotels & Resorts network, which is one of the world’s top twenty largest hotel organisations with 47,000 hotel rooms in 500 hotels in 47 countries. Golden Tulip UK chief executive Peter Roberts said: “The confirmation of these sites, combined with six further sites on which heads of terms are agreed, represents a real step change in our Tulip Inn development plans. “Tulip Inns are stylish, comfortable and offer excellent value for money. The brand is proving very popular - our current six Tulip Inns regularly exceed 90% occupancy during the week. “Once all these hotels are operational we will have a portfolio of 15 Tulip Inns and two Golden Tulips, giving us more than 2,000 rooms and a much wider geographical spread. We have also strengthened our management team ready for this rapid expansion phase, with new IT and project development appointments, as well as the arrival of Vivien Slater as our first UK director of sales.”

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