Golden Tulip Hospitality eyes UK

Hospitality company Golden Tulip Hospitality is looking to invest in the UK hotel market and has ring-fenced £50m for acquisitions of green-field sites and existing properties. The move follows the sale of the company’s master franchisee, Golden Tulip UK, to fellow hospitality company Whitbread. Golden Tulip Hospitality’s head offices are in the Netherlands and Switzerland. Golden Tulip Hospitality intends developing 30 hotels, through new-builds and conversion of existing properties, over the next five years. Of these, ten will be under the Golden Tulip brand and 20 under the Tulip Inn banner. Golden Tulip Hotels, Inns & Resorts president and chief executive Hans Kennedie said: “Over the past five years, Golden Tulip (UK) has successfully developed and operated several Tulip Inns and one Golden Tulip. The fact that the hotels have been sold to Whitbread is a development that happens in our industry and we just have to continue on our journey to provide the British market with our hospitality brands.” Tulip Inn Manchester will continue to operate under the Golden Tulip franchise.

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