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Article: Golden Tulip's: budding expansion. (global update: profile).
- Article from:
- Hotels
- Article date:
- November 1, 2002
CopyrightCOPYRIGHT 2002 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AMERSFOORT, NETHERLANDS After losing 42 properties last year as a result of a buyout from Madrid-based NH Hoteles, Golden tulip Worldwide is steadily rebuilding its portfolio as well as expanding into new markets. While the hotel company, which franchises under the Golden Tulip and Tulip Inn brands, remains a leader in continental Europe, it took a hit in the Netherlands and Belgium where most of those 42 hotels were located. Yet, the company already is regaining market share through new franchise agreements in the area, resulting in approximately a dozen hotels.
Furthermore, through a significant development deal in he UK, Golden Tulip is set to built brand ...